The dynamism of China and India since their respective economic reforms began has been subject to much discussion and analysis. Though the current global financial crisis has dealt a sharp blow to Asian growth, China and India remain the fastest growing economies in Asia. The two Asian giants display some similarities in terms of being the most populous countries in the world and in terms of rapid growth (if at a slower pace) despite recession. But there are also several dissimilarities between the two. Their political systems, economic policies and areas of comparative advantage are different. If China is outperforming India in many areas, India is doing better in certain other key areas. This paper attempts a comparative analysis of the performance of the two economies.
