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100 _aNanda, Nitya
_949923
245 _aA tale of two countries: Why economic reforms produced different outcomes in China and India
260 _aEconomic and Political Weekly
300 _a58(50), Dec 16. 2023: p.53-60
520 _aEconomic reforms produced different outcomes in China and India. This is because, despite the direction of reforms being very similar, the resultant policy regimes in the two countries were very different. China retained important roles for the public sector and the government, particularly in matters of planning and policy coordination, but India tended to leave everything to the market. Initial conditions, including health, education, and the structure of the economy were favourable for higher growth in China. In addition, certain policies of India made some essential inputs and services relatively expensive, affecting its competitiveness in a liberalised economy.- Reproduced https://www.epw.in/journal/2023/50/special-articles/tale-two-countries.html
773 _aEconomic and Political Weekly
906 _aECONOMIC REFORMS
942 _cAR