ICS Working papers

Chinese and Indian Economies since the 2008 Financial Crisis

The considerable similarity in the growth paths of the Chinese and Indian economies since their respective reforms has changed after the 2008 crisis. Growth in both has declined, more consistently in China. Share of exports in GDP has declined in both economies. The dependence of the Chinese economy on exports has decreased; however, its dependence on investment has increased; as investment’s share in GDP has increased, whereas it has decreased in India. There is also a change in the structure of the manufacturing sector in China, though not in India.


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