3. ECONOMY
India has a mixed type of
economy.
India’s GDP was estimated
to be 2.1 trillion USD.
Foreign investment is
integral part of Indian
economy.
India ranks seventh largest
in economy.
China has socialist market
economy.
The GDP in China was
worth 10.380 trillion USD.
China promotes foreign
investment.
China ranks second largest
in economy.
4. INDIA’S POPULATION IS 1.3 BILLION.
CHINA’S POPULATION IS 1.7 BILLION.
India has better foreign policy than China with world.
India is considered soft power while China an aggressive giant.
India is a democratic country whereas China follows
communism.
5.
6. AGRICULTURE
Total food grain production of China touched 571 million tonne in 2012 as compared to India’s
250 million tonne in 2011-12.
Green Revolution has increased the production of agricultural crops. Among the food grains too,
it is the wheat crop which grew maximum.
India’s milk output has not only placed the industry first in the world, but also
represents sustained growth in the availability of milk. The dairy sector is now the
largest contributor in the agricultural sector to the nation’s GDP.
7. India is well placed to benefit from globalization and
outsourcing.
It is the land of many languages, only in India people professes
all the major religions of the world.
Foreign direct investment in India is the major monetary
source for economic development in India.
8. TECHNOLOGY
China also offered more stipends to the locals to retain them and help them open
the local businesses. Thus, that results in the country’s development as the
manufacturing hub for the rest of the world which was at comparatively lesser cost
than other parts of the world.
On the other hand, the India made sure that FDI must come and only provide the
jobs and products to its people instead of the information and this turn India into
the global market for the products manufactured by the big companies in China.
9. • The Main Motto of The
Government of India is
to invite business
entities from all over
the world to invest
in Indian
Manufacturing industry.
MAKE IN INDIA CONCEPT