An Exploratory Comparative Analysis of Asian Markets: China versus India
Sooun Lee
Department of Information Systems and Analytics, Farmer School of Business, Miami University, Oxford, Ohio, USA
Sumit Sircar
Department of Information Systems and Analytics, Farmer School of Business, Miami University, Oxford, Ohio, USA
DOI: https://doi.org/10.20448/journal.500/2016.3.3/500.3.208.213
Keywords: Business, China, Culture, Economy, India, Life, Population.
Abstract
This study investigates the differences in the business environments of the two most populous Asian countries-- China and India--which are also two of the most important economies in the world in terms of size and influence. Although China started its economic reform and development earlier than India did, India is quickly catching up and these two countries have become a battleground for attracting direct foreign investments. An understanding of what is happening in these two countries has become an urgent, important topic in global business. For this study, an exploratory descriptive analysis is performed to cross-examine various economic, demographic, and cultural data of these two giants to uncover both their differences and commonalities.