BUSM051 Economic Analysis Report: India and China Comparison

This report presents a comprehensive economic analysis comparing India and China, focusing on key indicators such as real GDP per capita, income distribution, and employment rates. The analysis includes calculations of rich-poor ratios, median income, and the impact of income changes on economic metrics. Section A delves into economic growth and inequality, examining trends and differences in GDP per capita over time, supported by data from various sources. Section B examines the job market, comparing employment, unemployment, and participation rates in both countries, and discussing the causes of unemployment. Section C provides detailed data on business ownership structures, including private, foreign, and government ownership percentages, and the legal status of firms. The report utilizes charts, tables, and working notes to support its findings, offering a detailed comparison of the economic landscapes of India and China, and concluding with insights on the causality between management practices and real GDP per capita. The report meets the requirements of the BUSM051 Economic Analysis coursework, providing a thorough discussion and critical evaluation of the economic data.