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Thread: China, India, who will lead the 2nd world?
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[quote=GUEST14967,288860]JC - You are a very opinionated person , in 1950 per capita income of India was 40% more of China , due to closed policy of Indian Goverment in the past economy grew slowly . In 1980 my Uncle visited China on business trip and he was surprised to know that people in Beijing who had toilet in their houses were considered as affluent . There is enormous gap between City people ( cities i East cost of china only) ad large rural population , large no of Chinese cities are considered by WHO ( world health organization ) as the most polluted cities in the world . Also 90% of the export in China is dine by european and US companies subsidaries . They are far behind India in terms of private enterprises owned by Indians. India has highes no of Billionaires in Asia , 46 , more than japan . The probelm of India is improvement in Governece and inclusion of all section of societies in growth path , there is plenty of wealth . Politically India is a democracy and human rights record is worst in China where they execute highest no of people every year in the world You have not seen from this angle . The growth in India is far from multi dimensioal and system is correcting itself with every passing day . I am very sure that in 20 years or so , India will be far ahead of China and its growth even at that juncture will be one of the highest in the world . Indian are far superior in management , higher education and private enterprise . India has just started and economy was opened in 1990 where as China started openeing the economy in 1970 . So you need to wait for another 15 years to see where China and India stand , I am very Sure like American Indians are far ahead of every other commuity in America , India will be far ahead of China at that juncture .[/quote]
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