ABSTRACT
As we shall observe in this chapter, during the contemporary period the growth paths chosen by the Chinese and Indian economies had more diversities than resemblances. Initially both the economies consciously chose the path of deliberate isolation and remained insulated from the global economy for a long time. Their history had made them suspicious of foreigners and they were reluctant to cultivate more than necessary contact with them. The economy in China was being run as a non-market command economy by its communist government. It was a near autarky during the postwar era. Although India was not an autarky, it adopted an inward-looking economic strategy that pointedly ignored its export sector.
