Great Article on India vs China
11 02 2006The tortoise vs the hare:
Here’s my favourite line that probably summed it up:
that China’s growth is coming via flashy financing (foreign direct investment, the equivalent of VC financing at a startup) while India’s is coming through organic, sustainable growth (the equivalent of revenues).
Click here for link.
Technorati tag: India, China, venture capital, Asia, economic growth
Hahaha. You are a fool to believe that quote. First, China’s FDI is a reflection of its mature and functioning infrastructure, something that India lacks, which explains India’s lack of FDI. Second, high FDI also shows that China has a larger AVAILABLE skilled labor pool than India. India’s public education is much worse than China’s. More than 50% of Indian women are ILLITERATE, compared to China’s 89% female literacy. Third, much of India’s growth the past 2 years have been in rural agricultural productivity, not in industry nor services. This is not a good thing.
China’s growth comes from its excellent infrastructure and public education system, not from FDI. FDI is merely a symptom of what it is doing right. India is not the tortoise, it’s the arrogant sloth.
Good to hear contrarian opinions that improve my understanding. Keep them coming. Anyway, where did you get your figures?
santosh get a life and find out about micro and macro economics, till then you should shut up because your statstics are all wrong, next time do your research before you try to act smart.
Some very interesting discussion concerning recent economic developments in China and india. Comparative and analytical, in-depth with lots of interesting facts and figures