Reforms, International Crisis and Growth of Chinese and Indian Economies

IF 0.5 Q3 AREA STUDIES

China Report Pub Date : 2023-08-29 DOI:10.1177/00094455231188543

M. Agarwal, Adrita Banerjee

引用次数: 0

Abstract

The considerable similarity in the growth paths of the Chinese and Indian economies since their respective reforms has changed after the 2008 crisis. This article tries to understand the trajectories of different parameters of economic growth in the two countries, and how these changed after the crisis. Growth has declined in both the economies, more consistently in China, compared to India. The share of exports in GDP has also declined in both economies. The dependence of the Chinese economy on exports has decreased; however, its dependence on investment has increased. Investment’s share in GDP in China has increased, whereas it has decreased in India. The structure of the manufacturing sector in China has undergone changes, which is not the case for India. The increase in the share of services and decline in the share of manufacturing in China implies that the production structure is becoming less unbalanced. JEL classification: E58, E62, F32, F41

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改革、国际危机与中印经济增长

2008年危机后，中国和印度经济自各自改革以来增长路径的相似性发生了变化。本文试图了解两国不同经济增长参数的轨迹，以及这些参数在危机后是如何变化的。这两个经济体的增长都有所下降，与印度相比，中国的增长更为持续。这两个经济体的出口在国内生产总值中所占的份额也有所下降。中国经济对出口的依赖程度有所下降；然而，它对投资的依赖性有所增加。投资在中国GDP中所占的份额有所增加，而在印度则有所下降。中国制造业的结构发生了变化，而印度的情况并非如此。中国服务业份额的增加和制造业份额的下降意味着生产结构的不平衡性正在减少。JEL分类：E58、E62、F32、F41

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

China Report AREA STUDIES-

CiteScore

1.70

自引率

0.00%

发文量

9353

期刊介绍： China Report promotes the free expression and discussion of different ideas, approaches and viewpoints which assist a better understanding of China and its East Asian neighbours. A quarterly journal of the Institute of Chinese Studies, it attempts to provide a fresh approach which goes beyond the strictly utilitarian area studies without becoming antiquarian. Launched in 1964, China Report has, over the years, widened its interests and aims and transformed itself into a scholarly journal that seeks a better understanding of China and its East Asian neighbours - particularly their cultures, their development and their relations with China. It is an indispensable source of information on China, its society and culture.