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India vs China---Race to the Top of the world

Friday, 27 March 2009 - 3:25 AM SL Time

India vs China Economy: Comparing the Economies of India and China is to embark on an old puzzle that has fascinated smart people for centuries. Although it is urgent and important to discuss it because China and India are the world`s next major powers. It is also important because the two countries have embraced very different models of development.

Looking at the Similarities between the Economies of India and China, both are conscious of their role in the world economy. Both seek to play a bigger political role on the world stage. China is already doing that as a permanent member of the U.N. Security Council. Now observing the Differences between the Economies of India and China we see that China is taking tangible but slow steps towards embracing private entrepreneurship. India on the other hand is continuing to struggle with making things easier for multinationals. Although the differences are arguably narrowing, but the first-order effect of all this is still a big difference .

In general, FDI has been positive to both the Economies of India and China. It has provided goods and services that did not otherwise exist. It has also introduced competition into moribund sectors.

Both countries have clocked up strong economic growth since 1980, China at a spectacular 9 per cent plus and India at nearly 6 per cent. Both countries have opened up to international trade and capital in the past quarter of a century, decisively in China and more hesitantly in India.

China`s per capita GDP growth has averaged 8 per cent in the 25 years since 1980, more than double the growth rate of Indian per capita GDP. Somewhere between 1975 and 1985 China`s average income is believed to have surpassed India`s. Since then it has kept moving ahead. By 2003 China`s per capita GNP was at least 70 per cent higher than that of India`s and her economy was more than twice as large as India`s. Much of China`s growth was powered by labor-intensive manufactured exports, which took the share of manufacturing in GDP to nearly 40 per cent, compared to a mere 16 per cent in India.

Other indicators like living standards were just as decisively in China`s favor by the turn of the millennium. China`s poverty ratio was less than half India`s 35 per cent. Female adult literacy was nearly double India`s pathetic 45 per cent. Life expectancy in China was a solid 8 years higher than that in India.

Looking at the future, it is easier to forecast a widening of the existing Economic disparities between China and India than a reduction.

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Emperor74
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LK Information  26 Mar 2009 21:29:22 GMT  Report for Abuse  
Sources : BBC Asia
India Business Directory.
DVLADV
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LK Information  26 Mar 2009 21:57:05 GMT  Report for Abuse  
http://www.businessweek.com/magazine/content/05_34/b3948421.htm
Emperor74
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LK Information  26 Mar 2009 22:07:26 GMT  Report for Abuse  
DVLADV,
Thanks! Europe is sharply observing these two awakening giants.
MarkLevinson
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LK Information  26 Mar 2009 22:58:13 GMT  Report for Abuse  
Top of the world


Sing this to SSSSSSSSSSSS

http://www.youtube.com/watch?v=mq5pLi0huhw


:):)
Emperor74
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LK Information  26 Mar 2009 23:32:57 GMT  Report for Abuse  
ML,
Nice song. S likes it :) Thx.
groovygirl
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LK Information  26 Mar 2009 23:58:30 GMT  Report for Abuse  
Empo
very interesting video, wonder how old it is,
India vs China

Innovation vs. Imitation
quality vs. quantity me thinks :))
Europe is sharply observing these two awakening giants

This was in the news today.
http://www.huffingtonpost.com/2009/03/26/china-slams-us-report-on-_n_179418.html

gg
samadi
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LK Information  27 Mar 2009 00:11:46 GMT  Report for Abuse  
Innovation vs. Imitation


rather

democracy vs dictatorship..????

which is good..???
Emperor74
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LK Information  27 Mar 2009 00:22:28 GMT  Report for Abuse  
Gg,
I wouldn t disagree much with your comparison of these two nations. China can learn a lot from their own history , at one period they were great inventors , From Astronomy , Gun powder, printing to Compasses .

Thx for your link. Well like any other Communist tyranny China is pumping billions of Yuan to Military budget while the gap between rich and poor further widens .
Emperor74
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LK Information  27 Mar 2009 00:28:20 GMT  Report for Abuse  
Samadi,
A good question.
Dictatorship may contribute substantially for a rapid economic growth , relatively free from strikes protests and labor rights .

So you didn t answer my Question , Which Kekuli do you find most attractive ? :) I will let her know personally what you think :) .
One of them is my Empress :))
samadi
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LK Information  27 Mar 2009 01:00:53 GMT  Report for Abuse  
Empa,

So you didn t answer my Question , Which Kekuli do you find most attractive ?


second one from left..yellow saree..hope she is not your Empress...:):))
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