Sino-indian Economic Balance Of Power - Status And Trends Analysis

Since entering the 21st century, India has attracted widespread attention because of its rapid speed of economic growth. As the two developing countries who get the most fast economic growing speed in the world but have chosen different development roads, China's economy and India's economy inevitably become the focus of the comparative study.Based on the macro analysis and theories of the development economics, human capital (labor), basic manufacturing ability (fixed assets in vestment volume is used to reflect it in some parts), technology and system are regarded as the most effective factors for economic growth in this paper. In the part of current macro situation contrast, the paper selects two groups of representative indexes, including the first group of economic gross index, as GDP and its growth rate,land area and population contained,and the second group of per capita index. Then it contrasts the historic changes of economic growth over the past three decades of both the two countries, hoping to explore the relationship between the change of economic growth and the groups of macro factors selected. On the basis of above analysis,the paper analyzes the changes that economic growth may encounter in future ten years or more,drawing the conclusion as follows: In future ten years or more,China's economic growth will not remain at the high speed that it got in the latest five years. And there exist a possibility that the speed of economic growth of the two countries will get approaching. However, India have no possibility to overtake China on economic strength in this stage.The paper consists of three parts. Part one quotes some theories, and get major factors which play decisive roles in economic growth. Part two makes a comparison between the two countries' current economic strength. Concretely speaking, three indexes, that is, economic output, the per capita GDP, development speed, are compared respectively. Then, the paper points out the gap between the two countries' economies strength. Part three analyzes the change trend of the two countries' economic strength. The analysis explores the relationship between the change of growth and those factors, based on history of the economic change in two countries over the past three decades. Then, according to the above result, the paper analyzes the two countries' situation of economic growth and the change tendency of economic strength in future ten years or more.