India and China: Comparative Economic Performance

India's economic relations with China remained at low ebb after the Border War in 1962. However, economic ties between the two countries got a big boost when India initiated its economic liberalization program in early 1990s. With massive populations, India and China are the two fastest growing economies in the world. According to the much-publicized Goldman Sachs BRICS (Brazil, Russia, India, China, and South Africa) Report, India is predicted to become the third largest economy in the world – after China and the US – by the year 2050, overtaking all other developed economies. Economic relations between the two emerging economic giants of the world need to be strengthened for their mutual benefit. This book provides a comprehensive analysis of the economic relations between India and China in a disaggregative and comparative manner. The growth and composition of trade between the two countries are examined through various trade related indices. Various dimensions of India's exports to China are assessed in detail. Moreover, economic reforms and the foreign direct investment inflows of the two countries are also examined in a comparative perspective.