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Comparative Development Experiences Of India And Its Neighbours

Question

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Compare the economies of India and China with respect to following parameters:
(i) GDP size, (ii) Growth rate of GDP, (iii) Structure of growth:

Solution

Parameters	India	China
1. Growth rate of GDP	1. Between 6% to 8%.	1. 10 percent per annum.
2. Structure of growth	2. The shift has been more to secondary sector.	2. The shift has been more to tertiary sector.
3. GDP size	3. India's GDP is $ 3.3 trillion.	3. China has the second largest GDP of $ 7.2 trillion.

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