Book

Description

The emergence of India and China as major power centers from the turn of the century and their rapidly growing share in the new order of the world economy caught the attention of the whole world. Both countries showed spectacular growth rates before the onset of the global financial crisis backed by a strong growth in their macroeconomic variables. Interestingly, though growth trajectories of India and China started converging, their fundamental strengths were diametrically opposite. This book showcases a detailed analysis of the growth stories of China and India during the pre-recession period from 2002 to 2007 and the post-recession period from 2008 to 2015 . The story is analyzed through a detailed study of fifteen major macroeconomic variables for each country.