India’s Economic Growth and Market Potential: Benchmarked Against China

This paper addresses some aspects related to these two important research questions, and thus builds on the base of knowledge. The paper is organized as follows. First, we discuss the economic growth models of China and India and specifically, the role of foreign direct investment (FDI), poverty alleviation programs and pluralism, and entrepreneurship and structure of the economy in the growth models adopted by the two countries. Then we discuss the arguments relating to physical infrastructure, social investments, governance institutions, and level of export-import trade. Finally, we conclude with an exploratory empirical analysis.