Financial Crisis in India and China - A Comparative Perspective; Basic Analysis

This paper is an attempt to analyze the paper Financial System Constraints in China and India - A Comparative Perspective (by Dr. Swamy) on the basis of East Asian Financial Crisis 1997, the IMF perspectives, and other related research papers on Financial Crises. The article discusses about the Indian and Chinese financial system, and possibility of financial crises in both of these countries. I have selected Banking and Fiscal part of the Chinese and Indian economies, respectively, for a comparison with Swamy's claim