A Study on Economic Dimensions of India and China

• Main Authors: Sunil Kumar Das Bendi, Tushar Kanta Pany
• Format: Article
• Language: English
• Published: Srusti Academy of Management 2017-06-01
• Series: Srusti Management Review
• Subjects: foreign direct investment; gross domestic product
• Online Access: http://www.srustimanagementreview.ac.in/paperfile/1979357082_A%20Study%20on%20Economic%20Dimensions%20of%20India%20and%20China-Sunil%20Kumar%20Das%20Bendi%20and%20Tushar%20Kanta%20Pany-Vol.%20-%20X%20%20Issue%20I%20%20Jan%20-%20Jun%202017.pdf
• ISSN: 0974-4274; 2582-1148

India and China are the two emerging economies of the world. They are the two most populous countries in the world who together account for more than a third of the world’s total population. A descriptive research study has been carried out for investigating the Gross Domestic Product of India and China in nominal and purchasing power parity basis. It also compares per capita gross domestic product and GDP growth rate of India and China. It also investigates the trends in the value of Chinese Yuan Renminbi (CNY) with Indian Rupee (INR). This paper also exhibits the market share in Foreign Direct Investment in Asia Pacific region in 2015. The dramatic rise not only enabled socioeconomic upsurge of India and China but it also reshaped the regional and global trade trends. India replaced China as leading recipient of capital investment in Asia-Pacific with announced FDI of $63bn, as well as an 8 per cent increase in project numbers to 697. India faced various structural bottlenecks including delays in project approval, ill-targeted subsidies, a low manufacturing base and low agricultural productivity, difficulty in land acquisition, weak transportation and power networks, strict labour regulations and skill mismatches.