Title:
A COMPARATIVE STUDY OF THE GROWTH PATTERNS OF INDIA AND CHINA IN THE PRE AND POST RECESSION ERA

Authors:
Uma. T, Dr. N. Kalyanaraman

Volume - 2 Issue - 11, Pages - 5305-5318

Abstract:
The purpose of this study is to investigate the difference in the growth rates of China and India between the pre recession period from 2002 to 2007 and post recession period from 2008 to 2015 by investigating the change in five chosen macroeconomic indicators of each of the two countries. The five macroeconomic indicators chosen are exchange rates, short term interest rates, narrow money supply, gross domestic product and consumer price index.. The results suggest that the growth rates of both countries have shown a significant drop after the financial crisis and there is a significant difference between all the macroeconomic variables in India and China between the pre and post recession period except for consumer price index. It also shows that while the exchange rates, money supply and inflation of India have been negatively affected after the recession, the GDP of China has shown a greater fall after the crisis as compared to India. By examining the change in macro economic variables of India and China between the pre and post recession, the study adds to the scarce literature on the comparative growth of India and China. It is also among the first few studies to analyze the change in the growth patterns of the rising Asian giants before and after the financial crisis.

Cite this Article:

[T., Uma. "A COMPARATIVE STUDY OF THE GROWTH PATTERNS OF INDIA AND CHINA IN THE PRE AND POST RECESSION ERA." International Journal of Social Science and Economic Research, vol. 2, no. 11, 2017, pp. 5305-5318. November.]