In the first decade since 2000, China and India have entered into a new era of industrial upsurge, which has made their economic landscapes in the early 2010s enormously different from those of the 1990s. Though the two countries have accelerated deep-going liberalization reforms since the early 1990s (Joshi 1998, Naughton 2007, and Acharya 2009), however, the growth paths of the two have varied greatly, not only in terms of their macroeconomic appearances, but also in terms of the micro-level realities. The aim of this book is to present a detailed comparison of the growth trajectories of representative indigenous firms and clusters during the two decades after the 1990s in China and India, and to explore their relative characteristics in the industrial development process. We also seek to comprehend the underlying socioeconomic backgrounds that have engendered such disparate features.
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