JJEM: Volume 3 Issue 1 (Jan - Jun 2018)
JJEM: Volume 3 Issue 1 (Jan - Jun 2018)
2019-06-30
Impact of Economic Growth on the Health Sectors of India and China: A Comparison
Eben Priya A R P., K.Karthikeyan
The growth stories of India and China fascinate the world Economists. The Asian neighbors with similar landscape, huge population and similar living standards with millions of people under poverty until the 1950s, have seen a turnaround in their nations after the implementation of Economic reforms. India initiated Economic Reforms in 1991, while China did 13 years earlier in 1978. India started growing at a rate of 6.5% per annum for three decades, while China started growing at a rate of 9.5% p.a. for 3 decades. India and China are now home to a burgeoning middle class. India has 22 cars per 1000 people, while China has 164 cars per 1000(2018). How has the Economic growth impacted the Health sector of the nations, is what the researcher intends to find in this research article. Healthy citizens mean more productivity leading to further Economic growth and more incomes and improved standards of living. How do India and China fare against each other? Are there lessons to learn?
Economic Growth; India; Developing economies.