What is Indian and Chinese economy and how to different.

1. Indian and
Chinese economy

2. Introduction
Economics is the study of how societies,
governments, businesses, househoo, and
individuals allocate or use their scarce
resources to produce valuable commodities
and distribute them among different people.

3. Indian economy
India has a mixed
economy. Half of India's
workers rely on
agriculture, the signature
of a traditional economy.

4. Chinese economy
The People's Republic of
China has a developing
market-oriented economy that
incorporates economic
planning through industrial
policies and strategic five-year
plans.

5. Compare
● China and India are the two emerging economies of the world . As of
2019 , China and India is 2nd and 5th largest country of the world ,
respectively in nominal basis .
● On PPP basis , China is at 1st and India is at 3rd place . Both countries
together share 19.46 % and 27.18 % of total global wealth in nominal
and PPP terms , respectively .
● Among Asian countries , China and India together contribute more
than half of Asia's GDP .

6. Khushi
Trade-Marketing Executive
Unit-2