Originally Posted by Tronic
Its alright.
I would beg to differ. Knowledge is universal, in which both ancient India and ancient China have played a good role in. It would be naive to think that PRC re-invents the wheel at every step.
Again, China has its advantages but it does not mean China is ahead of India in every field. Remember, India is putting up growth figures of upto 8% to 9% per year, just a few points below China, but with only half of what China invests in its industry. China's growth is fuelled by massive pooling of its capital and resources, whereelse Indian growth is more dependent on capital efficiency. Secondly, lets talk innovation. Indian business environment nurtures innovation which has sprang up global corporations like Ranbaxy, Infosys, Wipro, Tata, Bajaj, Mahindra, the list goes on. Remember, Chinese growth is based on the manufacturing sector whereelse Indian growth is based on aggresive Indian entrepreneurs and innovation; which has more staying power, you can decide. And then, the authorotarian rule may seem attractive where the government can bulldoze homes and sieze farmer's land to build more factories, but it has led to huge social unrest, as much as the Chinese government may try to hide this fact, the estimated 10,000 protest demonstrations last year alone lie witness to the fact. And then the one child policy itself in the long run becomes a disadvantage as China will have more seniors to support with less young people in the workforce. And then, Indian democracy may be very cumbersome, but it stable and transparent with a well established judiciary, which itself assures a much safer environment for investors.
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