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8/2/2019 Comparison Between INDIA & CHINA
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COMPARISONBETWEEN
ECONOMY OFINDIA AND CHINA
D.Siva Prasad
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Economy
Particulars India China
Economic rank by GDP 9th largest 2nd largest
Economic rank by ppp 3rd 2nd
Currency Indian rupee paise1$ =Rs 51.17
yuan-renminbi1$ =6.3039 Rmb
Fiscal year 1ST APRIL -31ST MARCH 1ST JANUARY -31STDECEMBER
GDP $ 1.846 TRILLION $ 7.43 TRILLION
GDP GROWTH 7.5% (2011) 9.5 % (2011)
GDP BY SECTOR agriculture: 18.1%,industry: 26.3%,services: 55.6%
industry (46.8%),services (43.6%),agriculture (9.6%)
INFLATION 6.95% 5.4%
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PARTICULARS INDIA CHINA
Labour forceby occupation
agriculture: 52%industry: 14%services: 34%
agriculture (39.5%),industry (27.2%),
services (33.2%)
EXPORTS US$298.2 billion (2011est.)
US$1.897 trillion (2011)
MAIN EXPORTPARTNERS
US 12.6%, UAE 12.2%,China 8.1%, Hong Kong4.1%
US 20.03%, Hong Kong12.03%, Japan 8.32%,South Korea 4.55%,Germany 4.27%
IMPORTS US $451 billion US$1.664 trillion (2011)
CREDIT RATING BBB- (Domestic)BBB- (Foreign)
AA- (Domestic)AA- (Foreign)
FOREIGN RESERVES $292.7 billion $3.20 trillion
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NATIOANL FLAG
NATIONAL EMBLEM
PRIME MINISTER
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DEMOGRAPHICSPARTICULARS INDIA CHINA
Population 1,189,172,906 (July 2011est.)
1,336,718,015
Age structure 0-14 years: 29.7%15-64 years: 64.9%
65 years and over: 5.5%
0-14 years: 17.6%15-64 years: 73.6%
65 years and over: 8.9%
Urbanization urban population: 30% urban population: 47%
Literacy(age 15 and over can read
and write)
total population: 61%male: 73.4%
female: 47.8%
total population: 92.2%male: 96%
female: 88.5%
Religions Hindu 80.5%, Muslim13.4%, Christian 2.3%,
Sikh 1.9%, other 1.8%,unspecified 0.1%
Han Chinese 91.5%Tibetan, Buyi, Dong, Yao,
Korean, and othernationalities 8.5% .
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particulars India china
Population growth rate 1.55% 0.63%
Total population in globalterms
17.5% 21%
Amount of arable land(sq.km.in millions)
1.45 0.64
Per capita income in us$ 1032 3180
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Imports & exports
China top5 exports to India Aluminum
Electrical machinery
Fertilizers
Impregnated text fabrics Iron & steel and its products.
Chinas top 5 imports from IndiaArtificial flowers and feathers
CopperCotton ,yarn and fabric
Electrical machinery
Fish ,sea food
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Tax structure
Tax India China
Corporate incometax
30.9 to 42.3 % 25%
Education
surcharge
2-3% nil
Business turnover tax
Nil 5%
Wealth tax 1% nil
VAT 12.5% 17%
GST 16% NIL
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Agriculture in India
India ranks second worldwide in farm output. Agriculture andallied sectors like forestry and fisheries accounted for 16.6%of the GDP in 2009, about 50% of the total workforce.
India had grown to become the world's largest producer ofthe following agricultural produce:
Lemons Jute
Beeswax
Bananas
Mangoes, Papayas Chillies and peppers guavas, Buffalo milk, Goat milk.
Castor oil seed and Safflower seed
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India is the world's second largest producer of thefollowing agricultural produce:
Wheat ,Rice, Vegetables fresh, Sugar cane
Groundnut, Lentils, Garlic Cashew nuts, Cow milk, whole, fresh
Tea ,Potatoes, Onions, Silk-worm cocoons
India is the world's third largest producerof eggs, oranges, coconuts, tomatoes, peas andbeans.
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India is also one the world's five largest producers of livestock andpoultry meat.
Aquaculture and catch fishery is amongst the fastest growingindustries in India
India is the world's sixth largest producer of marine and freshwater
capture fisheries, and the second largest aquaculture farmed fishproducer.
Problems of Indian agriculture sector Slow agricultural growth
Current agricultural practices are neither economically nor
environmentally sustainable. India's yields for many agricultural commodities are low.
Poorly maintained irrigation systems .
Farmers' access to markets is hampered by poor roads,rudimentary market infrastructure, and excessive regulation.
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AGRICULTURE in China
China is the world's largest producer andconsumer of agricultural products
Agriculture is an important economic sector of China, employing over
300 million farmers. China ranks first in worldwide farm output,primarily producing rice, wheat, potatoes, peanuts, tea, millet, barley,cotton, oilseed, pork, and fish.
Major non-food crops, including cotton, other fibers, and oilseeds.
Agricultural exports, such as vegetables and fruits, fish and shellfish,
grain and meat products, are exported to Hong Kong.
Yields are high because of intensive cultivation.( high inputs ofcapital, labour, chemical fertilizers)
Animal husbandry constitutes the second most important componentof agricultural production.
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China is the world's leading producer of pigs, chickens,and eggs, and it also has sizable herds of sheep andcattle.
China has a long tradition of ocean and freshwaterfishing and of aquaculture.
Western china
floriculture and cattle raising Southern china Rice (two harvests in a year)
North china - wheat
Central china - rice & wheat.
Soya bean north &north east
Corn -centre & north Tea -hilly areas of south
Tobacco -centre and parts of south
Cotton - central china.
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Problems of agriculture sector
There is still a relative lack of agriculturalmachinery, particularly advanced machinery,still depends on simple and non mechanized
farming equipments. Good at water conservency.