2. China: facts & figures till 2017
• in 1820, the largest economy and 2nd largest in 2017
• falls behind due to industrial revolutions
• aroused again from 1978
• presently, the largest PPP, i.e. Purchase, Power and Parity
• annual economic growth: 10%
• lifting 1.3 million population out of poverty
• 6.7% & 6.6 % GDP in 2016 and 2017
Thursday, May 24, 2018Module 9
3. Barriers to Chinese Economy
• rapidly, ageing population
• inverted pyramid
• results in decreased productivity
• decline in fresh water resources
• depleting amount of arable land
• increase oil import
Module 9 Thursday, May 24, 2018
4. India: facts & figures till 2017
• India have the 6th largest economy in the world
• GDP of around 2.5. trillion
• 3rd in world class GDP ranking
• agro based economy, estimating roughly about 17%
• recently, service sector is booming, contributing 57% of economy
• expected to jump up to 4th rank holder by 2022
Module 9 Thursday, May 24, 2018
5. Barriers to Indian Economy
• political constrains
• India’s growth attraction
• double digit labor cost
• business barriers
• macroeconomic stability under pressure
• growing divergence between consumption and business
• demonetization
Module 9 Thursday, May 24, 2018
6. India and China: Comparison
Module 9
4.9 4.7
5.5
6.3
6.8
7.5
7.9 7.8
7.5
6.8 6.7 6.7
1.5 1.6 1.8
2.2 2.4 2.2
0
1
2
3
4
5
6
7
8
9
2012 2013 2014 2015 2016 2017
India Taking the Lead: % GDP Growth
India China World
Countries China India
GDP 6.7% 7.5%
GDP -
composition by
sector
agriculture: 8.6%
industry: 39.8%
services: 51.6%
(2016 est.)
agriculture: 16.5%
industry: 29.8%
services: 45.4%
(2016 est.)
Inflation rate
(consumer
prices)
2% (2016 est.)
1.4% (2015 est.)
5.2% (2016 est.)
4.9% (2015 est.)
Thursday, May 24, 2018
7. Economic Importance of International Tourism in China
• tourism has become the new growth area for China’s economy in
recent years
• in 2005, the country’s travel & tourism demand now accounts for
4.3% of the global market share
• “holiday economy” has contributed to a significant increase in
domestic tourism
• over the last five years, more than 200 million Chinese traveled
during the country’s three annual weeklong holidays— national day,
international labor day, and spring festival— collectively spending
more than 70 billion RMB (US$8.7 billion)
Module 9 Thursday, May 24, 2018
8. Economic Importance of International Tourism in India
• introduction of “Hunar-se-Rozgar” by government
• visa on arrival
• domestic tourism growth double rate by 2012
• increment in holiday takers by 5%
• 19% growth in foreign tourist arrival in 2017
• growth from USA(14.7%), Bangladesh(29%) & UK(6.76%)
Module 9 Thursday, May 24, 2018
9. Tourism Policy: China, 2013-2020
• sufficient time for national tourism and leisure
• better infrastructure and environment
• product development
• public service development with quality enhancement
Module 9 Thursday, May 24, 2018
10. Tourism Policy in India: Modi Government
• sanctioning of INR 131 lakh for the rural tourism
• Arunachal Pradesh, Jammu & Kashmir, Maharashtra, Meghalaya,
Mizoram, Nagaland, Uttarkhand, Punjab and Tripura
• “Swadesh Darshan”
• IRCTC tourist packages
• launching of six tourist circuits
• Ramayan Circuit, Desert Circuit, Eco Circuit, Wildlife Circuit and
Rural Circuit
Module 9 Thursday, May 24, 2018
