Six reasons, why India can beat China.

[ares]

LOL, that is exactly what the author of the OP said.

China is on the verge of collapse, and India is on the verge of ascendancy. It sounds great, until you realize he wrote that article in 2008.

For Indians, they are always living in tomorrow and failing to live up to the expectations. It is always "tomorrow we will grow faster than China" for years and years and years now.

But in ACTUAL fact, China's growth rate is 9.2% while India's growth rate is 6.9%.

I never said verge ..I am saying the bubble is collapsing right now ..obviously those familiar with economics know with the lag effect..but once already the effects

And if you and go about mentioning Indian growth rate is 6.9% in last quarter then at least quote the correct quarterly growth rate of your economy.
8.9% for Q4...down from 9.8% last year.


China's Economy Expands 8.9% in Q4
Published on 1/17/2012 12:17:38 PM | By TradingEconomics.com, Reuters

 

[ares]

As for India's inflation, here is a chart that was posted by your fellow Indian:

So now you are going to take 2yr old peak inflation figures and then pass off lines like "consistent double digit inflation"
Tell when has Indians inflation crossed double digit mark in last one yr?

and FYI as of now Indian inflation stands at 6.49%.

---------- Post added at 10:02 PM ---------- Previous post was at 10:00 PM ----------

Indian inflation is heavily dependent on the monsoon. They are not favorable this year due to El Nino/ La Nina.

Social housing and consumer credit is what China is betting on domestically in 2012.

Food inflation is but a small part of CPI ..which btw stands at -ve 1%.

 

[artaxerces]

Name calling never solves anything. We have to look at the facts.

As of the end of 2011, China's nominal GDP is 7 Trillion USD and India's GDP is 1.8 Trillion USD. China is maintaining annual GDP growth rates above 9% while India's has fallen under 7%.


These are just plain facts on the ground. And I don't think Chinese people should gloat about it nor should Indians feel ashamed of it. This is not a zero sum game. Chinese Economic growth benefits India and vice versa.

However, if all things are equal, you would expect India to have a much higher GDP growth rate(because it's starting from a much lower base per capital income). But that is not happening due to a variety of reasons. Here are some of the tops ones imho:

1. China is heavily outspending India on Industrial infrastructure (Railways , power generation, airports, telecommuncations...etc). This lowers the cost of doing business, making Chinese enterprises more competitive.

2. China is spending about 4% of GDP on Education, about the same as India. However that translates into nearly 4X the resources per Child on absolute terms. So quite naturally, you going to get on average, a better educated and more productive citizen. When coupled with the heavy investment into technical/vocational schools, this produces extremely large numbers of medium skilled industrial workers at a competitive cost.

3. China spends only 1.4% of GDP on the Military, India is spending 1.9%. Ultimately, military purchases are wasting assets. Beyond a minimum level of deterrence, the money is far better spent on building schools, hospitals, roads, planting trees....etc.

 

[Shinigami]

Name calling never solves anything. We have to look at the facts.

As of the end of 2011, China's nominal GDP is 7 Trillion USD and India's GDP is 1.8 Trillion USD. China is maintaining annual GDP growth rates above 9% while India's has fallen under 7%.


These are just plain facts on the ground. And I don't think Chinese people should gloat about it nor should Indians feel ashamed of it. This is not a zero sum game. Chinese Economic growth benefits India and vice versa.

However, if all things are equal, you would expect India to have a much higher GDP growth rate(because it's starting from a much lower base per capital income). But that is not happening due to a variety of reasons. Here are some of the tops ones imho:

1. China is heavily outspending India on Industrial infrastructure (Railways , power generation, airports, telecommuncations...etc). This lowers the cost of doing business, making Chinese enterprises more competitive.

2. China is spending about 4% of GDP on Education, about the same as India. However that translates into nearly 4X the resources per Child on absolute terms. So quite naturally, you going to get on average, a better educated and more productive citizen. When coupled with the heavy investment into technical/vocational schools, this produces extremely large numbers of medium skilled industrial workers at a competitive cost.

3. China spends only 1.4% of GDP on the Military, India is spending 1.9%. Ultimately, military purchases are wasting assets. Beyond a minimum level of deterrence, the money is far better spent on building schools, hospitals, roads, planting trees....etc.

fairly balanced post. welcome to the forum

 

[Anish1]

China is very smart
Overinvest in infra when labour and capital is cheap
As economic goodwill obtained by masses the infra will already be there and can be utilised immediately

In india we are just keeping pace we are not ahead.
Although urban areas are now well developed with metros airports hospitals etc

 

[au090419]

india is nothing infront of China............india think before you speak..........everyone knows indian corrupt government

 

[SpArK]

india is nothing infront of China...........

What about side . top, back.

.india think before you speak..........

Also drink before steaK.

everyone knows indian corrupt government

Everyone also knows rock n roll.

 

[WAR-rior]

After goint thru 4 pages I can only suggest you guyz to not intend to beat someone. I mean, its a bad attitude to feel pride in or target beating china to forsee ur achievements.

Lets not even look towards china and their growth story. We are completely different people. Better fulfill our comman populatio's requirements and we will see ourselves growing naturally. We dont need to force development owing to the nature of our economy. Just keep on satisfying people's needs and development will automatically be no.1 in the world.

 

[acetophenol]

Since India lacks an efficient,people friendly,unoppressed government like china,Bhart will never overtake china.
India also lacks a fastly developing,booming economy,all weather multi role friend like Pakistan.
Not to mention the lack of historical and cultural values.
India is the centre for oppression,terrorism etc.
Typical bharti delusional dream

 

[xyxmt]

I give you 7th reason

Indian dont know how to shut their mouth about their greatness before even achieving half greatness
Mars to India: I see ants running around without any direction, get them direction build something and then talking about beating this and beating that.

 

[Phoenix89]

Why open such threads why give chinese and Pakistani friends heartattack....

We are struggling to maintain our growth rate, there are lots of thing to be worried about and there are lots of things to be proud of...Still long way to go.....

Chienese people (+ pak ) calm down....evil Hindu started this thread...

 

[Parul]

I give you 7th reason

Indian dont know how to shut their mouth about their greatness before even achieving half greatness
Mars to India: I see ants running around without any direction, get them direction build something and then talking about beating this and beating that.

Can you Enlighten us about

 

[Wickerman]

Can you Enlighten us about

Ill enlighten you. There are no ants. All of them died in civil war

 

[au090419]

any stats or any survey, this man is a retard, this man is a bullish but not bullish but full bull who is making cheap india bigger than successful china, look at the exports of china, fdi in china, remittance in china so think before you speak............but its good india is having such big dreams but when they will not be able to make this dream truth then subsequently there will be a big dirty boot on indian corrupt government face and also on indian people face..............sorry if looks little bit harsh but reality is reality

 

[au090419]

What about side . top, back.



Also drink before steaK.



Everyone also knows rock n roll.

keep on living in fantasy world of such big dreams which can never be true.....such big freedom wars going on in indian gujarat, assam etc. first control them and what will you control these freedom fighters, you cannot control a single person bal thackeray