Finance & economics | Asian budget finances
Poles apart
China has plenty more room than India to stimulate growth
|hong kong
THE Chinese invented the abacus; India invented the binary and the decimal systems. So both nations are deft at playing with numbers. All the more reason to look carefully at their governments' finances (see chart).
This article appeared in the Finance & economics section of the print edition under the headline "Poles apart"
More from Finance & economics
At long last, Europe’s economy is starting to grow
Now for the hard part
The property firm that could break China’s back
If Vanke collapses, so might confidence in the state’s management of the economy
Narendra Modi’s flagship growth scheme is off to a sluggish start
Without improvements, it risks wasting trillions of rupees