Question

influence of china on India economy ​

Answer 1

influence of china on India economy

China spends three times as much on infrastructure as India. China's main challenge is to rebalance its growth strategy, moving toward one that relies more on domestic demand and less on exports. Currently, household consumption is only 36 percent of GDP, whereas in India that figure is 50-60 percent.

Answer 2

Answer:

Those are their paths to expansion.” But China's hardware exports are growing much faster than India's software exports, which make up less than 5 percent of India's GDP. India will need to take advantage of relatively low wage rates to build up its labor-intensive manufacturing sectors.