India will beat China on the long run.India has been failed by it's govt but will be saved by private enterprise.Self sustaining growth comes from private enterprise and private enterprise is where India will beat china.Not because Indians are any smarter, just that the advantage of English language allows Indians to have a far deeper interaction with the advanced western societies.That's one reason Indians will find it much easier to come to speed with new innovations & technologies in the western world and and will adapt it faster for domestic growth.Proliferation of knowledge source Internet and medium of knowledge exchange english will make sure that Indians will catch up to 21st century faster.It's that simple really.
RE:My prediction
by Anurag Shrivastava on Sep 22, 2007 08:38 PM Permalink
You are wrong - Indian will certainly grow but the gap between India and China will increase. India has a huge challenge on quality of human resources. China has no such issues.
RE:My prediction
by Harsha K on Sep 22, 2007 07:55 PM Permalink
Don't have such dreams buddy...
To understand how far China has gone you have to visit them. Lack of democracy bothers not many poor over there, because they see tremendous growth and they know their turn will come within the next decade.
While China does lack democracy and people's voice is muzzled, I don't believe that the transition, when (not if) it happens, will not bring down the Chinese state. Skills, infrastructure once built tend to sustain an economy irrespective of minor blips.
I am not saying India will not do well, but, it won't _beat_ china. We have missed that bus.
RE:My prediction
by IYER_BUSINESSTOUR on Sep 22, 2007 08:53 PM Permalink
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.
RE:RE:My prediction
by jagmohan swain on Sep 23, 2007 01:05 AM Permalink
When u go look at the infrastructure ofcourse china is ahead and will remain so for sometime.Don't forget that they liberalized 1 decade earlier.ButI am talking about the long run.If you read history and understand human nature u will realize that deeper interaction with advanced socities leads to a fast track growth for the more backward society.The most brightening aspect of Indian growth story is that it has large pool of students & professionals interacting with western countries at the cutting edge technology level.They are founding companies in US now, their acquaintances will found companies in India in future.The real skill is acquiring the knowhow and that's where India is already beating the chinese.Only recently number of graduate students to US from India surpassed China and it's accelerating further due to growth of Internet and access to information.This trend is very healthy the impact of which will be felt for generations to come.
RE:My prediction
by Prof R K Gupta-India on Sep 22, 2007 09:15 PM Permalink
with gloabl trade share only 0.85% and 860 million people spemdig less than rs 20 a day,please dont talk all this becomeing great power.My ones are tickling.Indians must get out of this self illussionary world of greatness.
RE:My prediction
by Roopa Rajan on Sep 24, 2007 12:25 PM Permalink
I live and work in China.....Beleive me, India is atleast 20 years behind China!! Yes, I agree Indians speak English....but language has nothing to do with development.....Indian govt is corrupt and inept......The oppsition is always looking to scuttle major projects and there is always some issue to keep people squabbling....religion helps in garnering votes. Too much democracy hinders progress and this is what is happening in India We need clean and good roads....when will this happen???!!
I hope someday things start looking up for the common man.India has a long way to go.......
