ABSTRACT
This chapter focuses on the formation and implementation of policy towards ongoing transformative economic changes in both countries. The authors present an interpretation of significant economic concerns that the leadership in China and India thought were urgent, as well as the solutions the leaders considered that would address these concerns. In this chapter, the authors also discuss reforms to indirect taxation and measures to overcome the huge unpaid corporate debt that had deteriorated, resulting in the problem of non-performing assets. Finally, the authors debate on the measures that catapulted on the Ease of Doing Business Index in both countries over the past few years.
