Microeconomics Case Study

Economic Superpower: The Race between China and India

OR

Abstract:
Ever since the progress of globalisation and liberalisation were set in motion worldwide at the beginning of the 1990s, the world focus shifted to China and India. Both were among the world's fastest growing economies - China with a growth rate of 8-10% and India with a growth rate of 6-7%. The case analyses the political, economic, social and technological environment (PEST) of both the countries. The case also discusses the areas of strength and weaknesses of both the countries in the above four PEST aspects.

Pedagogical Objectives:

• To the economic background of India and China.
• To the economic reforms in India and China.
• To the differences in growth approaches.
• To the prospects of winning in the long run..

Keywords :  Globalisation, China, India, Global economic powers, Indian economy, Chinese economy, Chinese economic history, Economic reforms, Indian economic reforms, Chindia, Comparative picture between India and China, Civil war, Great leap forward, Economic superpower