Indo-Chinese Science Technology & Innovations Policy- 12th Five Year Plan

Abstract

The story of economic growth in People’s Republic of China and India is a fairly popular subject of academic research and debates at various levels- national as well as international. These two Asian giants have brought a great turnaround through their bold steps in almost every sphere of their national lives and days of massive poverty are over. China has been progressing with high rate of economic growth since last three decades and is currently world’s second largest economy by nominal GDP and largest by Purchasing Power Parity (PPP). India, on the other hand, is progressing steadily from the last one and a half decades, except for a lull between 2012 to 2014, and is currently world’s sixth largest by nominal GDP and third largest by PPP. Both the countries represent opposite sides of political spectrum, India- a liberal democracy and China- a highly centralized communist country.