(http://economictimes.indiatimes.com/news/economy/indicators/with-5-3-pc-growth-rate-india-losing-out-to-china-on-development/articleshow/18107833.cms)
And here’s what Economy Decoded- ED could make of it:
1. China’s GDP is twice that of India
2. China grew at 7.7% in 2012, while India at 5.3%
What goes against India in becoming a winner against China:
1. Corruption, extremely poor governance, suffocating political and bureaucratic attitude
2. Outdated policies, laws and ways of functioning
3. Snail speed judicial systemLack of basic amenities like electricity, water, sanitation pan-India
4. Poor public infrastructure be it roads, rails, buildings, metros
5. A lot of Indian youth is unskilled or working as peddlers or not at all
What goes against China:
1. Autocratic regime
2. Corruption
3. Mass manufacturing capability
4. Lesser transparent legal system
So on whom are you placing your bets in this Super Power race? India or China?
