IMPACT OF ECONOMIC COMPETITIVENESS ON INDIAN AND CHINESE PRODUCTION DEVELOPMENT

Abstract

The graduation thesis aims to determine the Impact of economic competitiveness on Indian and Chinese production Development. This Graduation thesis determines economic competitiveness of two major global economies of the world that is India and China with help of Key process Indices like GDP, Labour Product, Employment, Life expectancy, Median household income, Income Gini, Poverty rate, Wealth Gini, Adjusted net saving, Dependency Ratio, Public Debt, the Carbon intensity of GDP. Competitiveness refers to the skills to dominate and retain position within the market, to extend market share and gain, and eventually to consolidate commercial activities. The rising standard of living with high levels of employment means that the country is competitive. At the macro-level national competitiveness is outlined because of the ability of states to attain economic progress quicker than alternative countries and to increase the movement of international trade. Competitiveness primarily involves the economic development of all the factors in the demand for national competitiveness. The importance of the idea of competitiveness is currently firmly embedded within the economic key process Indices of countries around the world. Therefore, measuring, understanding and analyzing competition at various economic levels become an important issue with intention to search out the ways that can potentially enhance the economic performance of states, regions, and country as a whole . The assessment of competitiveness is undertaken based on the measure of competitiveness to get a more complete overview of competitiveness. Accordingly, the competitiveness of India and China is measured using economic factors like GDP, Labour market, Employment, Life expectancy, Median household income, Income Gini, Poverty rate, Wealth Gini, Adjusted net saving, dependency Ratio, public debt, the carbon intensity of GDP. Based on the comparison of economic competitiveness of India and china it can be concluded that China is economically ahead of India in terms of Labour product, employment, Gross Domestic Product, adjusted net saving, life expectancy, Income Gini, Wealth Gini, Depth ratio, public depth and low poverty rate as compared to India. Whereas, India is economically ahead of China in terms of the carbon intensity of the Gross Domestic Product. Hence China has lead over India in terms of economic competitiveness.