Poverty Reduction In China & India

Jayati Ghosh
Poverty Reduction in China & India

It should be noted, however, that despite the similarity of the current international hype about their future economic prospects and also despite their obvious differences, both China and India face rather simi­lar economic problems at present, especially with respect to the sustainability of growth and the emerging in­equalities.

The Chinese economy has grown at an average annual rate of 9.8 per cent for two and a half decades, while India’s economy has grown at around 5–6 per cent per year over the same period.