Country Comparison: China and India

China is the second largest economy in the world, the world's most populous country with a population of more than 3 billion people. At the same time, India is the second most populous country with a population of 1 billion. One billion people make up the bulk of purchasing power, but India is still the country with the world's most concentrated poverty. Especially in the Indian economy, agriculture, textiles, chemistry, food processing, steel, transportation equipment, software services are included (Just the facts, 2006).

India is an important reference point for developing populations like China, which are densely populated. In 2014, 9% of the population of China exceeded 65 years, 17% of the population was between 0 and 15 years old. In contrast, only 5% of India's population is over 65 years old, 29% of the population is under 15 years old. UN projects India will pass through China and by 2022 will become the world's most populous country. In the coming decades, China's aging rate will exceed the aging rate in India, so India may receive "demographic dividend", India's labor force will increase compared to China. Absolutely, the labor age population in India is expected to exceed that of China between 2020 and 2030. This could shift employment in the manufacturing industry from China to India, which is traditionally behind India.

Among the five countries used for comparison, India's progress in improving life expectancy at the time of birth is second only to China. The average life expectancy in 1960 is 43 years, the status of China is close to India. However, at the same time, the average life expectancy of China increased by 76.7% (33 years old), and the average life expectancy until 2015 was 76 years. 55 years of infant mortality in India (IMR) - According to World Bank data, infant mortality per 1000 - their first birthday - index of health system strength, 165 per 1,000 children in 1960 The number of deaths of 38 people decreased by 76% by the latest data, 2015 by the year.

There are many comparisons between Indian industrialization model and Chinese industrialization model. Both countries are aware of the importance of export markets and how to utilize their enormous labor force, so in many ways they can become mainstay in the world market. Compared with Western countries, European countries and European countries have low production costs, so they are optimistic about countries such as India and China. Again, it is a preferred feature that allows the country to establish the economy.