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Q.Make a comparison between India and China by population below poverty line.

Nagaland NbseNBSE Nagaland Intermediate Board Exam (Commerce) 2024Subjective· 6mImportance★★★★★est
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China's earlier reforms and faster, broad-based growth reduced its poverty ratio much more sharply than India's slower, services-led growth has managed to do.

Comparing India and China on the share of population below the poverty line:

  1. Timing and nature of reforms: China initiated market-oriented economic reforms in 1978, more than a decade before India's reforms began in 1991. China's early reforms started in agriculture itself (the Household Responsibility System), directly raising the incomes of the large rural poor population before industrial reforms deepened further.
  2. Pace and pattern of growth: China sustained very high GDP growth rates for decades, driven substantially by labour-intensive, export-oriented manufacturing, which created large-scale employment for the poor and unskilled workforce. India's growth, by contrast, has been comparatively slower on average and more concentrated in the services sector, which is less labour-absorbing for the poor and less rural-oriented. …

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