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India expected to surpass china in population and its population will be younger, so more likely to have economic growth due to increase in the size of the labour force, but only if education improves, may be issues that the growth in population is faster than the GDP growth rate.
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China has a slowing rate of population growth, and population is predicted begin falling in 2030, therefore less available workers, the ageing population will reduce the supply of labour and push up wage rates in the future.
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China has a much larger GDP per capita at purchasing power parity.
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More internet access in china.
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Higher life expectancy in china.
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China has a balance of payments surplus as it keeps exchange rate low.
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India imports more than it exports
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Joint ventures seen as the most viable way of accessing markets.
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The world bank rates china and india as the 83rd and 122nd easiest place to do business (As of what year i dont know).
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Both countries have issues with corruption and protection of IPR`s.
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More of a language barrier in china.
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Has a high demand for raw materials
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Higher incomes means more demand for luxury goods
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by 2020 china will be the second largest consumer market.
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Planning to spend large amounts in infrastructure projects, in areas such as transport where the UK has a history of exporting to.
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Manufacturing sector is expanding i.e TATA
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Entertainment and media sector expected to increase in value as a result of increased incomes of India`s youth
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Its infrastructure isn’t very good
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à India has an adult literacy rate of onlyabout 60% - this cuts down on the potential pool of employees.
•
Fewer Chinese people than Indian peoplespeak English; So China cannot compete in the call centre market.
•
China’s universities are not as good asIndia’s for training future business leaders.
•
India expected to surpass china in population and its population will be younger, so more likely to have economic growth due to increase in the size of the labour force, but only if education improves, may be issues that the growth in population is faster than the GDP growth rate.
•
China has a slowing rate of population growth, and population is predicted begin falling in 2030, therefore less available workers, the ageing population will reduce the supply of labour and push up wage rates in the future.
•
China has a much larger GDP per capita at purchasing power parity.
•
More internet access in china.
•
Higher life expectancy in china.
•
China has a balance of payments surplus as it keeps exchange rate low.
•
India imports more than it exports
•
Joint ventures seen as the most viable way of accessing markets.
•
The world bank rates china and india as the 83rd and 122nd easiest place to do business (As of what year i dont know).
•
Both countries have issues with corruption and protection of IPR`s.
•
More of a language barrier in china.
•
Has a high demand for raw materials
•
Higher incomes means more demand for luxury goods
•
by 2020 china will be the second largest consumer market.
•
Planning to spend large amounts in infrastructure projects, in areas such as transport where the UK has a history of exporting to.
•
Manufacturing sector is expanding i.e TATA
•
Entertainment and media sector expected to increase in value as a result of increased incomes of India`s youth
•
Its infrastructure isn’t very good
•
à India has an adult literacy rate of onlyabout 60% - this cuts down on the potential pool of employees.
•
Fewer Chinese people than Indian peoplespeak English; So China cannot compete in the call centre market.
•
China’s universities are not as good asIndia’s for training future business leaders.
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