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owth rate of 7 per cent approximately in the East Asian NIC, at the same time 5 percent of china’s and only 2 per cent for India which was one of the lowest among all Asian development banks.

3.4. GROWTH PERFORMANCE BETWEEN INDIA AND CHINA

Figure: shows the growth rate of FDI comparison. (Sources: Slide share 2008, slide No: 24)

India and china will face a tie position in trade and investment for the benefit of both countries together. Over last 10 years India had improved its performance as outlook of china’s experience and sustained high growth for further opening of its economy externally and internally, with a bilateral approach at high national investment rate and stronger labor analysis in the modern sectors with a narrow high end manufacturing. 

The most important source of agricultural performance in India has huge rural poverty in many parts of the nation. At the same time china lag due to its great source of economic strength, a dynamic and relatively highly developed private corporate sector which are more effectively for national development. The junction of india and china in growth model seems to be similar and partially indicated. India and china had assumed limited economic reforms with same low capita income since 1970s. Some of the most important factors affecting the economic performance are given below:

Initially there was a high growth in china (Pieter, B. 2007, p.123)

Education (literacy) and health standards were considerably higher.

China was having superior infrastructure.

Market distortions in China were more severe than in India that unpredictably, means their correction offered greater potential for growth.

India

China

GDP total

5.3

9.4

GDP per work

3.2

7.7

GDP per capital

3.3

8.1

Table – 5: shows the Compound Annual Growth Rates in % p.a. 1978–2003. (Source: Pieter, B. 2007, p.133)

The above table tells the GDP flow of India is changeable with a great potential and support where as China was emerging from the horrors to generate quick and large income gain for economic development.

From 1970s china was capitalized on people readiness with initial market reforms focused on the rural economy for generating quick and large income gain for farmers who are the huge population, this lead to additional reforms to the entire economy thus establishing the economy to foreign investment and trade. During 1980s political apparatus and administrative have started concentrating on economic development, which is very difficult for India without the co-operation of major political parties, thus it can be observed form the statistical data shown below.

Figure – 1: shows the Gross capital formation in % of GDP. (Source: Pieter, B. 2007, p.137)

Figure – 2: shows the statistical data of global GDP. (Source: Source: Pieter, B. 2007, p.136)

This statistical figure gives the relative comparative estimation of all global GDP from early 1820s to next three decades of 2025s wherein one can ob本论文由英语论文网提供整理，提供论文代写，英语论文代写，代写论文，代写英语论文，代写留学生论文，代写英文论文，留学生论文代写相关核心关键词搜索。