Impact of Global Integration on the Economic Growth of India and China

Abstract

The study investigated the impact of global integration on the economic growth of India and China for the period of 1979 to 2019. The Granger causality test validated the direction of the trade variables and their association with economic growth. The study revealed that all the taken variables had positively wedged to the economic growth of the sample economies except trade openness, which negatively impacted the economic growth in the long run. Aptitude to absorb the FDI flow and infrastructural investments could impact the economic growth of India, like its emerging counterpart, China, in the global market.