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

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.