Question

Impact of economic reforms in China and India.

Answer 1

Economic Reforms and Their Impact In both China and India, recent reforms have included both economic stabili- zation and longer-term structural adjustments essential for growth and for meeting the challenges of international competition.

Answer 2

China :

During the pre-reform period, Chinese agricultural performance was extremely poor and food shortages were common. After Deng Xiaoping implemented the household responsibility system, agricultural output increased by 8.2% a year, compared with 2.7% in the pre-reform period, despite a decrease in the area of land used.

India:

The GDP of India increased significantly with the new reforms. Economic reforms led to an increase in competitiveness in the banking sector that allowed entry of private operators. Inflation rates were reduced.

hope that helps

Step-by-step explanation: