India Vs. China in the Next 20 Years Accounting, Finance Term Paper (Term Paper Sample)
Will India overtake China in the next 20 years. (6th edition APA)source..
INDIA vs. CHINA IN THE NEXT 20 YEARS
Location of Institution
India vs. China in the next 20 years
India is one of the world's emerging superpowers in terms of Gross Domestic Product (GDP). As at 2018, India had a GDP growth rate of 7.2%, making it the fastest growing economy and the third largest economy after the USA and China in terms of purchasing power parity (PPP) and the fifth largest in terms of nominal GDP. India's grew due to demographic factors, policy implementation, and international relations. In addition, India possesses a high and young population, increasing the labor force as a result (Paul and Mas 2016).
Despite the growth projections, Fortune India (2018) argues that at the current 7.2% growth rate, India would take decades to overtake China in terms of GDP even if China's economy would stop growing altogether. At the close of 2018, China had a $13.25 trillion GDP, exhibiting a 6.6 percent growth rate. India, on the other hand, had a $2.9 trillion GDP with a 7.2% growth rate. However, China's growth rate is expected to fall to 6.2% for the financial year 2020 and 2021. During the same years, IMF predicts India's growth rate to rise to 7.5 and 7.7 respectively.
With the significant gap between China's and India's GDP and development, what is the probability of India overtaking China as the world's most successful emerging market in the global economy in 20 years? This paper will analyze the significant developments in policies that have triggered growth in the past 20 years in both China and India. The paper will further analyze the possibility of India overtaking China in the next two decades.
- Module code ACC4004. Financial Management Exam. Term PaperDescription: Private equity capital involves financing a business through engel investors who have huge capital ready to invests and share the stake in any business with a huge potential of growth before investing in it (Robert, 2017)....8 pages/≈2200 words| 6 Sources | APA | Accounting, Finance, SPSS | Term Paper |
- Staff Analysis: Case Study of Burton Sensors Inc. Finance Term PaperDescription: Burton Sensors Incorporation is a company that specializes in the designing and manufacturing of temperature sensors. The company is located in Fort Wayne, Indiana in the United States and has the desire to build stable customer relations and to design more customized products for its clients...5 pages/≈1375 words| 1 Source | APA | Accounting, Finance, SPSS | Term Paper |
- Gross Domestic Product Accounting, Finance, SPSS Term PaperDescription: A country’s gross domestic product (GDP) entails the monetary measure of its total output within a specified period, often yearly. GDP does not consider who produced the goods and services; rather, it sums up every product and service within a nation’s borders...10 pages/≈2750 words| No Sources | APA | Accounting, Finance, SPSS | Term Paper |