CHINVA VS INDIA

China vs India

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CHINA

  • for 15 years economy grown 10%
  • population = 1.3bn
  • stable old population
  • communist goverment
  • effiecenty and low cost products
  • artifically low currency
  • huge investment in infrastructure
  • manufacutred textile goods
  • rapid industrialition
  • literacy - 91%
  • cheap labour
  • collaborated with MNCS
  • construction is X8 than India
  • exported X6 of value than India
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INDIA

  • growing 7-8%
  • young growing population
  • population 1.13bn
  • literacy - 58%
  • huge IT services
  • majority agricultue
  • western based legal system
  • poor infrastucture
  • english COMMONLY spoken
  • corruption and absenteeism
  • problems with electircity
  • liberalised led to increasinly integration of india in to global economy
  • long term growth has been rooted in services
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