Essay Zone.com - Free essays!
REGISTER NOW!
Login to an existing account
     
GCSE essays
A Level essays
University essays
Forum
Why join?
Essay quality
FAQ

Search forums
About us
Contact us

 

 
india china and world economy Free essay! Download now

Home > University > Economics > india china and world economy

india china and world economy

You can download this essay for free. All you need to do is register and submit at least one of your essays to us.

Or you can purchase this essay for just $2 instantly without registering

Downloads to date: N/A | Words: 11484 | Submitted: 20-Mar-2012
Spelling accuracy: 97.9% | Number of pages: 45 | Filetype: Word .doc


This is what the first 3 pages of the essay look like

india china and world economy essay previewindia china and world economy essay previewindia china and world economy essay preview

Description

provides economic scenario in india china and its comparison with the world

Preview

China, India and the World Economy

Introduction
Among countries with at least 10 million people in 2003, China and India have been growing very rapidly since 1980. The World Bank (2005, Table 4.1) reports that China’s GDP grew the fastest at an average rate of 10.3% per year during 1980-90, while India’s grew at 5.7%. Of the five countries that grew faster than India during this decade, none did so subsequently during 1990-2003. In the latter period, China’s GDP again grew fastest at the rate of 9.6% on an average per year, while India and Malaysia, at 5.9% per year, were the third most rapidly growing countries, with Mozambique at 7.1% being the second. In 2003-04, India’s GDP growth rate jumped to 8.5%, fueled by recovery from a severe drought in the pervious year. The estimated growth rate for 2004-05 is 7.5% and the projected rate for 2005-06 is 8.1% (CSO, 2006; RBI, 2006). China’s GDP growth rates, based on revised data, were 10.1% and 9.9% respectively in 2004 and 2005 and the projected rate for 2006 is 9.2% (World Bank, 2006, Table 1). Thus both countries continue to grow rapidly.
In terms of absolute level of Gross National Income (GNI) at Purchasing Power Parity (PPP) exchange rates in 2003, China, with $6.4 trillion in GNI, was second largest in the World, second only to the United States at $11 trillion. India with $3 trillion in GNI was fourth after the U.S., China and Japan (3.6 trillion) (World Bank, 2005, Table 8.1). It is likely that in 2005, India replaced Japan as the country with the third largest GNI. IMF (2005, Box 1.4) estimates India’s share in global output at PPP exchange rates to have risen from 4.3% in 1990 to 5.8% in 2004, and India’s growth during 2003 and 2004 to have accounted for one-fifth of Asian growth and one-tenth of World growth, as compared to China’s contribution respectively of 53% and 28%. It should cause no surprise then that the rapid growth of China and India has had significant impact on the World economy, though, not unsurprisingly, to the same extent.
In what follows, Section 2 describes the two basic channels, namely import demand and export supply, through which the growth of a country influences growth of the rest of the world and vice versa. Section 3, the main section of the paper, is on growth of China and India and its influence on the World economy. It begins with indicators of the extent of integration of China and India with global markets for goods and services (Subsection 3.1). Subsection 3.2 focuses on Global GDP Growth and ...

Download this essay in full now!

Just upload at one of your essays to our database and instantly download your selection! Registration takes seconds

Or you can download this essay for $2 immediately without registering


Comments and reviews

Reviews are written by members who have downloaded the essay

No comments yet. If you download the essay you can review it afterwards.