This document compares economic growth in India and China since 1980. It outlines that prior to reforms in China in 1978-79, the economy was planned and controlled with an absence of private sector and restrictions on foreign trade, resulting in low growth. The 1978-79 reforms encouraged private enterprises, market forces, trade, and investment, leading to high agricultural and industrial growth, reduced poverty, and increased literacy and foreign investment. Both India and China experienced increased output, trade, and reduced poverty after 1980 due to economic liberalization and reforms.

1. Comparative Study: India &
China

2. Economic Growth in China since 1980
• CE prior to Reforms
– Planned & controlled
– Absence of private sector
– Communes in the agricultural sector
– Restricted foreign trade
– Low growth rate

3. Reform of 1978-79
• Agricultural development
• Rural enterprises
• Encouraging market-oriented economy
• Elimination of controls
• Liberalization of foreign trade and investment

4. Aggregate and structural changes in
China
• High growth rate
• Growth of agricultural output
• Growth rate of industries
• Incidence of poverty decreased
• Foreign trade
• Population control
• Literacy rate
• FDI

5. Comparison of EG of India & China
• High growth rate
• Growth of agricultural output
• Growth rate of industries
• Incidence of poverty decreased
• Foreign trade
• Population control
• Literacy rate
• FDI

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