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Olin [163]
3 years ago
13

Do you economies of India and China are expanding in similar ways what sectors of the both economies are the largest

History
1 answer:
vazorg [7]3 years ago
6 0
Both India and China were mostly communist states, with centralized government and strict control of a business.

China:
China opened up its economy by the 1970s and saw unprecedented growth, which many economists say, might never again be repeated by another country.

China worked on an export-based model and mass production of products using cheap labor. Today over 40% of the country's GDP comes from Manufacturing while the sectors of Industry and Construction account for 48% of the GDP.



India:
India is just starting to grow but it has an economy which is only 1/5th the size of China's. India has a more service-based economy which brings in billions of dollars but is not able to create the same amount of jobs that the manufacturing sector can.

57% of India's GDP is based on the services sector and BPO and software development is their biggest industry.
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What was confirmed by the publication of the venona papers
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Answer:

The Venona Project was an Initiative of the United States government together with the United Kingdom during World War II to intercept and learn about the communications between one of its main allies during that conflict, the former Soviet Union, with its diplomatic, political or military undercover agents; spy networks; or simply influential citizens in the United States.

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The population of the west changed drastically during the late 1900s due to improved economic quality, job opportunities, facilities etc. The US government also helped by passing the homestead act in 1862.

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The homestead act passed by the US government in 1862 also helped to increase the heads in the west by offering immigrants 160 acres of land for free. The building of railways also played an important role by improving the transportation facilities and economic developments.

To know more about the homestead act refer to the link below

brainly.com/question/2034839

#SPJ4

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