The Competitive Advantages of Indian Economy

THE COMPETITIVE ADVANTAGES OF INDIAN ECONOMY 1
THE COMPETITIVE ADVANTAGES OF INDIAN ECONOMY
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THE COMPETITIVE ADVANTAGES OF INDIAN ECONOMY 2
Executive Summary
In the current global markets where competition has gone to another level beyond normal
provision of goods and services as it was the case some decades ago, any economy which wishes
to stand on a safe ground must strive to have a unique factor that can enable it to outdo the
competitors in the market. Competitive advantages can be realized in various ways, right from
innovative approach in the production sector to uniqueness in service provision. It is through
competitive advantages that certain economies have posted high growth rates than others. This
paper scrutinizes some of the competitive advantages of India in the global market in comparison
of China.

THE COMPETITIVE ADVANTAGES OF INDIAN ECONOMY 3
Table of Content
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1.0 Introduction................................................................................................................................4
2.0 Position of Economic Development in China and India...........................................................4
3.0 Overall Competitive Position of India and China......................................................................6
4.0 Evaluation Rule of the National Competitive Advantages of India and China.........................7
5.0 Compute the competitive advantages in Pillars # 11 and # 12 for India...................................8
6.0 Measure of the height of the barriers to economic development in India with respect to China
in Pillar # 8.......................................................................................................................................9
7.0 Critical Evaluation of the Article...............................................................................................9
8.0 Conclusion...............................................................................................................................10
9.0 References................................................................................................................................11

THE COMPETITIVE ADVANTAGES OF INDIAN ECONOMY 4
1.0 Introduction
Although the average income in India and china has remained low for some time, their
enormous populations and impressive growth rates in their economies have placed them in the
category of extraordinary world powers whose economies compete in the level of United States.
Despite of the fact that these two countries have large slice of their total population living under
poverty, they have completely integrated into financial exchanges and world markets to an extent
of making them very important players in maintaining global markets peaceful (Contractor,
Kumar and Dhanaraj, 2015, p.160). The uniqueness of India and China in terms of economic
development can be traced back from the recession of 2008 which hit many economic giants to
an extent of failing to maintain sustainable economic growth. The two countries despite of this
incidence were among the few countries which recorded positive growth rate. When the two
economies are put on a weighing balance however, a profound difference in their development
phases comes out clearly.
2.0 Position of Economic Development in China and India
Having the basics of the historical factors which have the exceptional economic growth
rates in china and India as discussed above as well as having set out the challenges which must
be faced by the two countries in future, this part is dedicated to deeply analyze the different
levels of development in china and India so as to comprehend the current differences between
these two economies. The factors to be analyzed in this section are; PIL rates of growth, the