CrackitToday App

India–China Reform Deficit

Kumari Sonali

India–China Reform Deficit:

Both India and China are facing structural economic challenges often described as a “reform deficit.” India is struggling with low private investment and stagnant manufacturing, while China is dealing with over-investment, weak household consumption, and rising debt concerns.Ancient trade and cultural links via the Silk Route and spread of Buddhism. Panchsheel Agreement (1954) and the short-lived “Hindi–Chini Bhai Bhai” phase. Relations soured after the 1962 border war.

...Read more on our test console

...Read these too

  • Current Account Deficit

    Current Account Deficit: According to a recent report by British brokerage Barclays, India's trade deficit has been jumping continuously since July 2021. The widening Current Account Deficit (CAD) is driven…

  • Twin Deficit Problem

    Twin Deficit Problem: The finance ministry in its ‘Monthly Economic Review’ cautioned the re-emergence of the twin deficit problem in the economy, with higher commodity prices and rising subsidy burden…

  • Current Account Deficit : Key Points

    Current Account Deficit : Key Points   An American financial services company Morgan Stanley has predicted that the Current Account Deficit will widen to a 10-year high of 3% of…