Taxes and Development: Experience of India vs. China, and Lessons for other Developing Countries

Both countries were among the poorest in the world before the start of their economic reforms. The rapid changes since the beginning of these reforms have been breathtaking. What policy changes in fact were responsible for initiating the sharp improvement in economic performance? What further policy changes have been needed to sustain it? To what degree are there common lessons from the reforms in these two countries that other countries can use as models for their own economic policies?