Comparison Between INDIA & CHINA

8/2/2019 Comparison Between INDIA & CHINA

1/14

COMPARISONBETWEEN

ECONOMY OFINDIA AND CHINA

D.Siva Prasad


2/14

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%


3/14

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


4/14

NATIOANL FLAG

NATIONAL EMBLEM

PRIME MINISTER


5/14

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% .


6/14

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


7/14

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


8/14

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


9/14

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


10/14

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.


11/14

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.


12/14

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.


13/14

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.


14/14

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.

Comparison Between INDIA & CHINA

Documents

Transcript of Comparison Between INDIA & CHINA