Rising giants: Development in China and India

Can economic growth turn overpopulation from a liability to an asset? China and India tantalize investors as the “last frontiers” of emerging consumer markets; together, they hold 37 percent of the world's 5.7 billion people. Despite their many contrasts, China and India face similiar, immense development hurdles. Mired in economic stagnation and poverty, both countries undertook economic reforms that gained momentum in the 1980s. In this comparative study, IIPS Senior Research Fellow Eimon Ueda analyzes their ongoing economic liberalization efforts and prospects. Ueda comes to IIPS from the Ministry of Finance and has served at the Japanese Embassy in India.