StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...

India's Economy and China's Economy - Essay Example

Comments (0) Cite this document
Summary
India and China Economy India and China, having undergone various social and economic revolutions in the last decades of the 20th century, are expected to influence the global economy to a considerable level in the upcoming decades. “They’re undergoing social and economic revolutions that are capturing the best mind-and-money of Western business.” (Shankar)…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER93.3% of users find it useful
Indias Economy and Chinas Economy
Read TextPreview

Extract of sample "India's Economy and China's Economy"

Download file to see previous pages Looking at this view of his, let us take this stance further by discussing how the divergence and competence of the entrepreneurial forces in India has given it a slight edge over China, when it comes to facilitating environment for the entrepreneurs.. Generally speaking, China is viewed way ahead of India regarding government policy formulation and implementation. China surpasses India with its faster government policies, modern and developed infrastructures and well-versed economic policies. On the contrary, India is fuddled with slow legal processes, underdeveloped infrastructures and relatively a high rate of illiteracy. Also, the Chinese leadership is making effective steps to “isolate” China from the global downturn, plaguing many economies of the world. However, the Indian government is criticized for adopting a lumbering approach to regain its struggling economy. These discrepancies on the Indian side are reflected in the GDP figures of both the countries. As Schuman (2010) states The World Bank figures has shown that India’s gross domestic product (GDP) has increased only by 6.4% in calendar 2009, which is far short of the 8.7% rate China announced in mid-January. Although, the above discussed perspectives about both the countries’ economy may show that Chinese economy is in far better shape than India and that could augur well for Chinese entrepreneurs, it may not be the case. Firstly because, surprisingly in recent times, India is emerging as a vigorously energetic economy, as it seems to be rebounding from the global economic downturn with a stronger force. Doubtless to say, the global slowdown would bring serious problems to India, “but the country’s mood has changed fundamentally since the government began opening up the economy in 1991: fatalism has been replaced by can-do optimism.” (A Special Report, 2009). This optimism is reflected in the entrepreneurial “spheres” in India. That is, In spite of the political and social uphill, the country has started to pitch for entrepreneurialism which is hot on the air, at present. It is obvious that the entrepreneurial activities are indeed reshaping the India’s economy to a far better level. “Tarun Khanna points out that the entrepreneurial spirit is beginning to breathe new life into India’s public sector.” (Watch this Space). One of the main “catalysts” that is driving entrepreneurship in India than China is the sizable well-educated and confident young population, who want to come up with new businesses. It is evident that the current demographic profile of India would do wonders to the country’s economy. “India is now blessed with a young and growing workforce. Its dependency ratio - the proportion of children and old people to working-age adults - is one of the best in the world and will remain so for a generation”. (Indian Miracle). Although, China also has a sizable young population, the advantage with Indian young population particularly their budding entrepreneurs is their proficiency of English language and the resultant confident approach with the Western clients. “Indian capitalism is driven by millions of entrepreneurs furiously doing ahead with this task, and thriving small businesses with many world-class ones whose English-speaking bosses network confidently with the global elite.” ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“India's Economy and China's Economy Essay Example | Topics and Well Written Essays - 750 words”, n.d.)
Retrieved from https://studentshare.org/macro-microeconomics/1467421-india-s-economy-and-china-s-economy
(India's Economy and China'S Economy Essay Example | Topics and Well Written Essays - 750 Words)
https://studentshare.org/macro-microeconomics/1467421-india-s-economy-and-china-s-economy.
“India's Economy and China'S Economy Essay Example | Topics and Well Written Essays - 750 Words”, n.d. https://studentshare.org/macro-microeconomics/1467421-india-s-economy-and-china-s-economy.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF India's Economy and China's Economy

Towards the Comparison of Specialized Courts in USA and India

Without specialized courts, resolution of complex matters would have been stalled and progress dampened.

Both countries have high educational standards and believe in an informed judiciary who are experts in their fields and these courts are presided by such persons. Justice is speedy in both cases and both give their judges penal and punitive powers.

Although there are many similarities, yet there are some differences both in content and in approach. Whereas the US believes in a more liberal outlook, giving greater emphasis to Human Rights, India lags behind due to its colonial and cultural legacies. The redeeming feature is that lead by its own global status as a growing economic power, it is trying to shed...
12 Pages(3000 words)Case Study

S&T Debt Factors

The agreement contains a credit default contracts that include credit default swaps, default index contracts, credit default options, and credit default basket options. One can use these as part of the mechanism that is collateralized by debt obligations. The goal should be to establish a price for a given risk and controlling credit based on risk. The credit can be allowed by minimization of risk. Credit controllers should develop versatile tools that transfer risk away from a lender’s balance sheet.
d) With reference to the proposed debt counseling business, illustrate and explain exactly how you would organize the debt counseling operation, taking particular care to explain how and when you would receive payment for...
6 Pages(1500 words)Case Study

The Importance of Tourism to the World Economy

Since the eighties, perceived risk research has been of ongoing interest to tourism researchers, Dolnicar (2005) and Dickson, Chapman, and Hurrell (2000)  states. Contributions often include those which investigate positive risk as a factor in increasing tourists who are seeking a thrill. On the other hand, there are also those who view these risks as something negative, thus avoiding the destinations which are haunted by different risks such as diseases, terrorism and other forms of political instability (Dickson & Tugwell, 2000).

The current qualitative research inquired about the risks perceived by young people as regards both domestic and international traveling. A sample of 23 was interviewed for this purp...
15 Pages(3750 words)Research Paper

Country Analysis Framework: China

Its impressive economic performance accompanied by a huge current account surplus of $304 billion in 2007, serves as a beacon to the audacious foreign investor. A multitude of factors has contributed to this phenomenal success of a country with more than one sixth of the world’s population. In brief it is a burgeoning market for luxuries and semi-luxuries.
I seek to focus the attention of the company management on the three fundamental but interrelated factors – strategy, context and performance. Strategic initiatives of a nation are basically determined by a set of broader predefined policy objectives that outweigh otherwise unimportant presumptuous goals. Context acquires both a national and an international sig...
9 Pages(2250 words)Case Study

The Economic Impact of the Emergence of China and India

...Running Head: [short [institute of affiliation] a. Refine the analysis of the forces and trends you completed for theWeek Two assignment. The Automobile Industry today is becoming increasingly competitive, with the shift in global economies, the continuously rising fuel prices leading to a simultaneous rise in consumer preferences towards fuel efficient cars, the coming of age of Western economies and the emergence of Asian super powers such as India and China. These external environmental factors along with certain significant global issues such as, growing concern for environmental protection, and the trends towards greener and cleaner cities, governmental initiatives to reduce carbon emissions, and issues concerning protection...
10 Pages(2500 words)Assignment

Business Operations of Starbucks in China

“Starbucks opened its first store in Hong Kong in May 2000 and currently has 51 stores. Guangzhou opened in August 2003 and has 12 stores in Southern China, including six stores in Guangzhou and six stores in Shenzhen (BNET).” Starbucks has entered the Chinese market through joint ventures with companies like Mei-Xin and Macau. The company in order to strengthen its operations and brand image in the country has recently decided to extend the term of the joint venture agreement made with the above-mentioned companies. “As part of the transaction, Mei-Xin (International) Ltd., will also acquire a 30 percent interest in a joint venture to operate Starbucks stores in Chengdu (BNET).”

Apart from the a...
6 Pages(1500 words)Case Study

International Communications: Democracy in China

The Party’s domination over the media has meant that the news media is required to accept Party ideology as its own, propagate Party programs and policies and accept the Party’s leadership. (Zhao, 1998:19). The Party closely surveys media content and media mentoring is performed by special teams of veteran Party workers (Zhao, 1998: 21). The Chinese Community Party views the role of the media in the political process as being based on its theory of political communication which in turn is derived from its basic philosophy of the mass line spelling out three distinct power levels, the Party Cadres, ordinary Party workers and the masses. While the people are the basis for policymaking, they do not participate in decision...
6 Pages(1500 words)Article

Economic Analysis of India

The country’s economy is fast growing with a stable political system that encourages foreign investment although with certain restrictions. The country generally has good energy, transport and communication systems which make the cost of doing business affordably.

The Republic of India found South of Asia is by far the world’s most populous democracy and ranks seventh largest in terms of geographical area (Brown, 1994). India is also the second most highly populated country in the world. The country has a rich culture with four major religions having originally emerged from it; Sikhism, Buddhism, Hinduism, and Jainism. The Indian Republic consists of seven union territories and 28 states and ranks twelfth la...
8 Pages(2000 words)Case Study

Effect of Corporations Moving Jobs Overseas on the Economy

The issue comes into focus, whenever there are political, economic debates or talks about H1B visa limits. The economic slowdown has further led to the intensification of these debates. But, despite apprehensions from different quarters, neither the companies nor the government has said a final word on the trend. Increasing levels of competition amongst the corporate houses have been one of the key highlights of the globalization era. Be it the retail sector, the banking, the automobile, the IT-enabled services, the white goods space, etc. the companies have always been on the lookout for reaching out to more number of customers while doing everything possible to please the existing lot. Leveraging the economies of scale has prove...
8 Pages(2000 words)Coursework

China Faces Pressure over Currency

Making its products cheaper in the US and thus encouraging imbalanced trade. It has been universally agreed that the free-floating Yuan would be significantly worth 15 cents.
Chinese economists feel that the impact has been over-exaggerated and particularly to America from Yuan revaluation. In particular, a stronger Yuan will not reduce the US’s trade deficit as there is a very smart segment of overlap between China and America Production and hence the US will not be able to replace Chinese imports. The consumer will end up paying more for imports from china or Vietnam and this would be like imposing a tax on US consumers.
The World Bank chief also disagrees with the US’s suggestion on China's currency rise a...
9 Pages(2250 words)Assignment
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Essay on topic India's Economy and China's Economy for FREE!

Contact Us