Comparing and Contrasting Growth of India with China

31 Pages Posted: 30 Jul 2008

See all articles by Abhay Gupta

Abhay Gupta

University of British Columbia (UBC); Empirical Foresights

Date Written: November 2007

Abstract

This paper compares and contrasts the growth experience of India with that of China. Chinese economy has grown at much faster rate than Indian, but India seems to be catching up. The average estimated productivity growth rate of China (5.9%) is more than double that of India (2.4%). The difference between same-deflator average growth rates of India and China reduces significantly (by as much as 70%) for manufacturing sector.

While increased growth of spending are accompanied by increase the growth rate of productivity in China, in India the correlation is negative. For India, service sector growth trend is more strongly correlated with government spending and infrastructure.

Keywords: India, China, Economic Growth, Human Capital

JEL Classification: O4, O47, O53

Suggested Citation

Gupta, Abhay, Comparing and Contrasting Growth of India with China (November 2007). Available at SSRN: https://ssrn.com/abstract=1187223 or http://dx.doi.org/10.2139/ssrn.1187223

Abhay Gupta (Contact Author)

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