A comparative study of economic reforms in India and China
July 20, 2025
  • Read Ecopy
  • Circulation
  • Advertise
  • Careers
  • About Us
  • Contact Us
Organiser
  • ‌
  • Bharat
    • Assam
    • Bihar
    • Chhattisgarh
    • Jharkhand
    • Maharashtra
    • View All States
  • World
    • Asia
    • Europe
    • North America
    • South America
    • Africa
    • Australia
    • Global Commons
  • Editorial
  • International
  • Opinion
  • Op Sindoor
  • More
    • Analysis
    • Sports
    • Defence
    • RSS in News
    • Politics
    • Business
    • Economy
    • Culture
    • Special Report
    • Sci & Tech
    • Entertainment
    • G20
    • Azadi Ka Amrit Mahotsav
    • Vocal4Local
    • Web Stories
    • Education
    • Employment
    • Books
    • Interviews
    • Travel
    • Law
    • Health
    • Obituary
    • Podcast
MAGAZINE
  • ‌
  • Bharat
    • Assam
    • Bihar
    • Chhattisgarh
    • Jharkhand
    • Maharashtra
    • View All States
  • World
    • Asia
    • Europe
    • North America
    • South America
    • Africa
    • Australia
    • Global Commons
  • Editorial
  • International
  • Opinion
  • Op Sindoor
  • More
    • Analysis
    • Sports
    • Defence
    • RSS in News
    • Politics
    • Business
    • Economy
    • Culture
    • Special Report
    • Sci & Tech
    • Entertainment
    • G20
    • Azadi Ka Amrit Mahotsav
    • Vocal4Local
    • Web Stories
    • Education
    • Employment
    • Books
    • Interviews
    • Travel
    • Law
    • Health
    • Obituary
    • Podcast
Organiser
  • Home
  • Bharat
  • World
  • Operation Sindoor
  • Editorial
  • Analysis
  • Opinion
  • Culture
  • Defence
  • International Edition
  • RSS in News
  • Magazine
  • Read Ecopy
Home General

A comparative study of economic reforms in India and China

by Archive Manager
Feb 7, 2010, 12:00 am IST
in General
FacebookTwitterWhatsAppTelegramEmail

CHINA and India have followed different patterns of development, yet they have many similarities in their approaches. China has had a head-start over India in consolidating economic gains after the reforms in 1978. As part of the economic reforms, both the countries adopted outward-looking policies, liberalised prices and dismantled regulations, fostered development of the private sector, strengthened their financial systems and opened their economies to trade and investment. Here the author feels that it is important to look back to see what one country can learn from the experiences of the other.

This book is a compilation of articles from leading scholars in India and China. They address issues like globalisation – both its governance and a historical perspective, poverty, inequality of income and the potential for conflict, agriculture, WTO and trade, the nature and characteristics of institutions and markets. The articles explore ways to improve the well-being of the poor, how to design effective structures and institutes for poverty reduction and how the reforms in their economic, political and social dimensions tackle these issues.

The insights help understand the process of reform and the mechanisms behind successful socio-economic developments. This, in turn, help increase the capability to undertake research regulated to reform in their developing and in transition economies. First and foremost, the general perception is that the socialisation approach has many economic distortions in its economic policies. The deep divide in the quality of life between capitalistic societies and socialistic ones has raised doubts about the relevance of socialist policies of the past. However, in a country like India, it was socialisation that encouraged growth of industries like Bharat Heavy Electricals, Bharat Electronics, ONGC and others to provide employment to thousands from the underprivileged section of the society. Also for any country in the formative years of its economy, there are hardly any private players to shoulder responsibilities. Moreover, the state’s socialistic path had welfare and service as the motive and not profit like the private players have. Hence at an appropriate time, the government can release all control and open the economy to private players. China could capitalise more after reforms than India by taking care of health and primary education before undertaking greater reforms. In post-Independence, India followed a socialisation pattern but with the fall of the Soviet Union, with which India had important economic linkages, India was forced to adopt economic reforms, as trade flows, had dried up.

The author of the book feels that there is need to rethink the reform process to enlarge its spread to agriculture, small-scale industry, primary health care and education. For a sustainable economic development, the quality and quantity of human capital matters far more than those of physical capital. Hence, while concluding, Sudhakara Reddy feels that India has yet to come out with the right policy priorities to suit the competitive edge it has in terms of a well-educated and healthy population to derive manufacturing successes. He suggests a happy balance with the private sector leading to investment in the productive sector and the State playing the role of a regulator

(Sage Publications India Pvt Ltd, B 1/1-1 Mohan Cooperative Industrial Area, Mathura Road, New Delhi-110 044.)

ShareTweetSendShareSend
✮ Subscribe Organiser YouTube Channel. ✮
✮ Join Organiser's WhatsApp channel for Nationalist views beyond the news. ✮
Previous News

A compilation of great poems of Madhabdeva

Next News

Assam Shilpi Diwas by Sanskar Bharati

Related News

Islamists advancing blueprint of turning Bangladesh into a ‘Hindu-free’ country

Protests in North Waziristan, Pakistan

Growing tribal anger in Waziristan, Mohmand over Pakistan’s failed military solutions

Telangana: Secunderabad to Handle 1,200 Trains a Day: Railway Minister Ashwini Vaishnaw

Islamic Terrorist Group

Niger: Islamic terror attack claims lives of two Indians, one abducted

EU Envoy to India clarifies Russia sanctions, assures no disruption to global supply or purchases

India reshapes global order amid NATO threats and Oil deals

Load More

Comments

The comments posted here/below/in the given space are not on behalf of Organiser. The person posting the comment will be in sole ownership of its responsibility. According to the central government's IT rules, obscene or offensive statement made against a person, religion, community or nation is a punishable offense, and legal action would be taken against people who indulge in such activities.

Latest News

Islamists advancing blueprint of turning Bangladesh into a ‘Hindu-free’ country

Protests in North Waziristan, Pakistan

Growing tribal anger in Waziristan, Mohmand over Pakistan’s failed military solutions

Telangana: Secunderabad to Handle 1,200 Trains a Day: Railway Minister Ashwini Vaishnaw

Islamic Terrorist Group

Niger: Islamic terror attack claims lives of two Indians, one abducted

EU Envoy to India clarifies Russia sanctions, assures no disruption to global supply or purchases

India reshapes global order amid NATO threats and Oil deals

16 Padma Shri Awardees who are transforming tribal lives at grassroots — Know all about them

A representative image

Bhopal under shadow of crime: Drug rackets exploit youth while illegal immigrants forge identities

India Tibet strategy needs realism and strategic makeovers to counter growing China threat

Bangladeshi posing as transgender caught with forged documents

Twenty years in India, 8 in Bhopal: Bangladeshi posing as transgenders caught with forged documents

  • Privacy
  • Terms
  • Cookie Policy
  • Refund and Cancellation
  • Delivery and Shipping

© Bharat Prakashan (Delhi) Limited.
Tech-enabled by Ananthapuri Technologies

  • Home
  • Search Organiser
  • Bharat
    • Assam
    • Bihar
    • Chhattisgarh
    • Jharkhand
    • Maharashtra
    • View All States
  • World
    • Asia
    • Africa
    • North America
    • South America
    • Europe
    • Australia
    • Global Commons
  • Editorial
  • Operation Sindoor
  • Opinion
  • Analysis
  • Defence
  • Culture
  • Sports
  • Business
  • RSS in News
  • Entertainment
  • More ..
    • Sci & Tech
    • Vocal4Local
    • Special Report
    • Education
    • Employment
    • Books
    • Interviews
    • Travel
    • Health
    • Politics
    • Law
    • Economy
    • Obituary
    • Podcast
  • Subscribe Magazine
  • Read Ecopy
  • Advertise
  • Circulation
  • Careers
  • About Us
  • Contact Us
  • Policies & Terms
    • Privacy Policy
    • Cookie Policy
    • Refund and Cancellation
    • Terms of Use

© Bharat Prakashan (Delhi) Limited.
Tech-enabled by Ananthapuri Technologies