India & China – Seventy Years of Relative Economic Progress – Guest Author: Nirmalya Chatterjee
Introduction India and China established their present political systems seventy years ago roughly around the same time. India achieved its independence from the Britain’s colonial rule on August 15, 1947 and established world’s largest democracy. Chinese Communist Party formally took control over People’s Republic of China on October 1, 1949 after a prolonged war with the Kuomintang forces. China embarked on its major economic reforms in 1978 whereas India started its more serious efforts in 1991. Starting from a comparableRead More
