With GDP growth between 7.5% and 9.6% in each of the last five fiscal years, India's economic success story has been similar to China's.
There are however big differences between the 2 countries. China's economy is industry-driven (industry accounts for about 46% of GDP in China compared to 27% in India) whereas India's is services-driven (services contribute some 55% to India's GDP compared to 40% in China).
The world is your oyster - part 2The world is your oyster |
Themes under discussionChina Dollar Emerging Markets Equity markets Global economy Inflation Market Oil |
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Hello This is the first article that has explained the problem ...- 09/04/2010 - DAVID HINSLEY
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