why china is growing faster than india
Answers
Answer:
China's strong productivity growth, spurred by the 1978 market-oriented reforms, is the leading cause of China's unprecedented economic performance. ... As such, they offer an excellent jumping-off point for future research on the potential roles for productivity measures in other developing countries.
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Answer:
Today as China turns 70 it is way ahead of India in respect of the economy, military power, technological progress and even in pollution control while India is still considered an emerging power.
Explanation:
China became a communist republic in 1949, the same year when India adopted its constitution. Both countries began rebuilding in 1950 - China under Mao Zedong and India under Pandit Jawaharlal Nehru.
At that time, India was the largest economy in Asia notwithstanding almost 200 years of colonial exploitation. China was in the catching up game. Mao Zedong rivalled with Pandit Nehru, who was viewed by the world leaders as a visionary with strong democratic credentials.
Today as China turns 70 - October 1 is the National Day in China - it is way ahead of India in respect of the economy, military power, technological progress and even in pollution control. China has made all-round exponential progress to become a colossal force in the world while India is still considered an emerging power.
It is not an overstatement to say that India needs to learn a few tricks of the trade from China, which was a "poorer" country than India in terms of GDP per capita till as late as 1990. Now, in 2019, the Chinese per capita GDP is 4.6 times of India's.
Making economy work
Mao Zedong, the revolutionary leader who founded communist China, could not put the country on the path of economic progress. In 1978, when Mao Zedong died, China was struggling with the ever-expanding population and uncontrollable poverty.
But after Mao Zedong's death, the new leadership of China began opening its economy inviting foreign investment particularly in coastal areas making export-import easy.