Rural Non-farm Development in China and India: The Role of Policies and Institutions
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The dynamic rural nonfarm sector in China has been a major contributor to the
country’s remarkable growth, while in India the growth in output and employment in this
sector has been rather stagnant. The paper argues that the observed patterns in the rural
nonfarm development are the results of institutional differences between the two
countries, especially in their political systems, ownership structure, and credit
institutions. A review of the strengths and weaknesses of the rural nonfarm economy in
China and India highlights the potentials and challenges of growth in the sector.