Introduction
In past few years, one of the most significant developments in the world economy is the emergence of India and China as major forces in the global economy. The constant growth of these countries is expected to dominate the economy of the whole world for several decades. Both countries contribute as more than one-third of the world’s population. Since 1980, both economies have been successful in achieving remarkable poverty reduction and economic growth rate. In respect of economic growth, it seems that China and India both are similar as both of these countries have large geographies and populations. ...