Comparison between India and China

The India and China comparison is the centre of attraction not only in the Asia but the whole world is watching. It’s mainly because of the 40% of world population resides in India and China and both economic has a great resembles. In 1991, India and China stood at the same level of economic development. Today China per capita is hitting US $ 1700 while India is lagging behind with US $ 700. The two nations has approached the development in very different way, India has chosen service based growth model where China has pursed a manufacturing base growth strategy. India share of service in GDP is increasing from 41% to 54% in 2005 while China manufacturing share in GDP has increased from 42% to 47% in 2005. In contrast India Industry growth is stagnant with 28% from years.