It is a picy that still you dont realise and understand. Having lived most of my time during the last decade in China, I feel sorry that our people still talk like the Indian Cricket team of winning the World Cup but to be out from the list in the first round itself. One aspect we have to admit is India is ruined by polticians, spending billions of dollars a year for rallies, fighting the opponents, mid-term polls etc. Unless this stops, Indian will not improve and only some private handful of highly connected businessmen will rule the country. How many brands of anything sell in India? Only a handful? Means only a few mega factories and industries live in India. You have to see China. Thousands of brands of anything sells here. This means thousands of factories and industries thrive here.
In India businessmen make at least 30% margin for each deal and in China the companies work for 3% to 5% max. No wonder the price of the products are cheaper. When do you think Indian will overtake China? Industrially India was better off 25 years back. Who destroyed it? Our politicians, strike by workers etc. Now China has become the ruler of economy of at least Asia. It will continue at least till 2050.
Although I wish India become a super economic power at least in Asia. But our politicians will not allow it. Indians also have to change from going in for cheap items to buying standard products. Hope one day it will happen.
