Abstract
This paper attempts to provide an analysis of the Chinese perspective of the Indian economic growth model. It examines the leading papers and comments, mostly published in the past decade, by eminent Chinese scholars in this regard. It finds out how the Chinese academics and analysts compare India’s growth model to China’s, how they view drivers and sustainability of India’s economic rise, how they evaluate the relations between India’s democracy and its growth and how they assess the meaning of India’s growth to China. This author endeavours to enrich the comparative research of the growth models of China and India and the discourse of the Sino-Indian relations.
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Notes
- 1.
In China, national economy is classified into three industries: primary, second and tertiary industries. Generally speaking, it respectively refers to the agricultural, industrial and service sectors. According to the National Bureau Statistics of China, the primary industry refers to agriculture, forestry, stock raising and fishery; the second industry refers to mining industry, manufacturing, electricity, gas and water production and supply industry and building industry; and the tertiary industry refers to all industries besides the primary and second industries. See National Bureau of Statistics of China, ‘Sanci Chanye Huafen Guiding’ (Regulations on the Classification of the Three Industries), May 28, 2003, at http://www.stats.gov.cn/tjbz/t20030528_402369827.htm, accessed on 19 October 2013.
- 2.
Measured on a scale of 1–7, with 1 being ‘worse than in most other countries’ and 7 being ‘meeting the highest standards in the world’.
- 3.
Disinvestment is a component of India’s economic liberalisation, which involves the sale of equity and bond capital invested by the government in public sector units (PSUs). It also implies the sale of the government’s loan capital in PSUs through securitisation. However, it is the government and not the PSUs who receive money from disinvestment.
- 4.
Rediff.com, ‘India is a Weak Democracy: Study’ (23 May 2004), at http://www.rediff.com/news/2004/may/23demo.htm, accessed on 7 October 2013.
- 5.
Transparency International, ‘Corruption Perception Index 2010’, at http://www.transparency.org/policy_research/surveys_indices/cpi/2010/results, accessed on 7 October 2013.
- 6.
Jawaharlal Nehru saw India ‘as a torch-bearer of freedom, of conscience, mediation and as a peace-maker in the world’. He believed that India could transform the world by promoting ‘the universal causes of disarmament, racial equality, international cooperation for economic development, and peaceful solution of disputes’. See Surjit Mansingh (1984, p. 15).
- 7.
Central Chronicle, ‘India to Invest One Trillion Dollars Infrastructure’ (12 September 2011), at http://www.centralchronicle.com/india-to-invest-one-trillion-dollars-in-infrastructure.html, accessed on 7 October 2013.
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Li, L. (2015). The Indian Growth Model: A Chinese Perspective. In: Naidu, G., Chen, M., Narayanan, R. (eds) India and China in the Emerging Dynamics of East Asia. Springer, New Delhi. https://doi.org/10.1007/978-81-322-2138-8_5
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