The Primacy of Reforms in the Emergence of People's Republic of China and India

Publication | November 2004

The People's Republic of China (PRC) has achieved impressive economic growth over the past two decades. In recent years, India has also shown promising signs of economic acceleration. Despite this, both countries still remain poor. A critical question that continues to face them is whether they can sustain strong economic growth. This brief aims to shed light on this question by comparing and contrasting their economic performance and policies.

Contents 

  • Economic Reforms and Economic Performance
  • India Lags behind the PRC in Agricultural and Industrial Reforms
  • Further Reforms Needed
  • Economic Prospects in the PRC and India
  • Conclusions
  • References