Development Outcomes: Growth

This chapter analyses the development performance in China and India in the light of the strategies and policies discussed in Chapters 3 and 4 and linkages and imbalances examined in Chapter 5. The declared objectives of the strategies were both growth and equity. In this chapter, we examine whether rapid rates of growth were achieved in practice, and if so, whether they were due to the strategies that were adopted. To answer these questions, sectoral output and productivity growth rates as well as rates of sectoral investments during the different time periods are reviewed.