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India-China: Tale of Two Economies (1990-2025)
Subject area: Arts, Social Sciences and Humanities · Area of research: Economics
Abstract
The comparison of India and China's economies over almost the last three decades reveals the massive potential of economic growth of the two countries. In the 1980s and before India and China had an almost equal GDP and until 1992-93 India’s GDP was higher than that of China. Current scenario according to 2025 reports- China’s economy if 5 times bigger than India’s having a total GDP of $19.2 trillion in comparison to $4.3 trillion of India. GDP per capita accounts more than $13,000 in China whereas $2,700 in India. Nowadays, most of the major economic indicators are in favors of China. For instance- Technology average export in China is 26.57% against 14.93% in India. The important question here is "how did China manage to edge over India economically by such a margin in a span of roughly four decades?"
Keywords
GDP Growth Rate, FDI, Infrastructure, Investments, Human Capital
References
[1] Ahluwalia, I.J. (1992), “Structural Adjustment and Productivity Growth in India, Productivity, 33:2.
[2] Bosworth, Barry and Susan Collins (2007), “Accounting for Growth: Comparing China and India,” Working Paper 12943, Cambridge, MA, National Bureau of Economic research.
[3] Hu, Z. and Khan, M, (1997), "Why Is China Growing So Fast?" Washington, D.C., International Monetary Fund, Economic Issues No 8
[4] Herd, Richard and Sean Dougherty (2007), “Growth Prospects in China and India Compared,” The European Journal of Comparative Economics, 4(1), 65-89
[5] World Bank Database | World economic Forum Reports
[6] https://data.worldbank.org/indicator/FS.AST.PRVT.GD.ZS?end=2019&locations=IN- CN&start=1980
[7] https://fas.org/sgp/crs/row/RL33534.pdf
[8] https://www.worldwidejournals.com/global-journal-for-research-analysis- GJRA/recent_issues_pdf/2014/February/February_2014_1392631218_0c336_17.pdf
[9] https://digitalcommons.kennesaw.edu/cgi/viewcontent.cgi?article=1007&context=jekem
[10] https://www.statista.com/statistics/270325/distribution-of-gross-domestic-product-gdp-across- economic-sector
How to cite this paper
@article{1714755,
author = {Vanshika Arora},
title = {India-China: Tale of Two Economies (1990-2025)},
journal = {Iconic Research And Engineering Journals},
year = {2026},
volume = {9},
number = {9},
pages = {13-23},
issn = {2456-8880},
url = {https://www.irejournals.com/formatedpaper/1714755.pdf},
abstract = {The comparison of India and China's economies over almost the last three decades reveals the massive potential of economic growth of the two countries. In the 1980s and before India and China had an almost equal GDP and until 1992-93 India’s GDP was higher than that of China. Current scenario according to 2025 reports- China’s economy if 5 times bigger than India’s having a total GDP of $19.2 trillion in comparison to $4.3 trillion of India. GDP per capita accounts more than $13,000 in China whereas $2,700 in India. Nowadays, most of the major economic indicators are in favors of China. For instance- Technology average export in China is 26.57% against 14.93% in India. The important question here is "how did China manage to edge over India economically by such a margin in a span of roughly four decades?"},
keywords = {GDP Growth Rate, FDI, Infrastructure, Investments, Human Capital},
month = {March},
doi = {https://doi.org/10.64388/IREV9I9-1714755}
}