> Once a Close Economic Rival of China, India Falls Behind
India was never a economic rival of China. India has not fallen behind, it is moving ahead at a slower pace. India's GDP has trebled in the previous two decade. But many marxists are incapable of admitting that anything has changed significantly in the Third World, except Cuba and East Asia.
> SONEPAT, India - Raj K. Gupta, a partner in one of India's largest
> shoe manufacturers, makes a dreaded but necessary trip every two
> months to Hong Kong and then into Guangdong Province in southern
> China.
>
> He goes to buy Chinese shoemaking machinery, because India has few
> producers of such machinery.
I could post articles which write about industries in which India is ahead of China.
> When he is done, after eating too much Chinese food, which he
> dislikes, he flies home and thinks about how India, despite
> democracy, has fallen behind China, a one-party state struggling with
> the aftermath of Communist economic policies.
China is primitive in political terms, when compared with India.
> But now China, by quickly converting much of its economy to an
> unfettered and even rapacious version of capitalism, has surged far
> ahead. The average Chinese citizen now earns $890 a year, compared
> with $460 for the typical Indian, according to the World Bank.
Gini coefficient comparison show China is a more unequal society than India.
> India's potholed roads, aging airports and clogged ports make exports
> difficult. China attracted as much foreign investment last month as
> India did all of last year.
China also enjoys unprecedented access in the US market. What is China's balance of trade surplus with the US? $70 bn or $80bn? Which other developing nation enjoys that kind benefit? Isn't that peculiar for a "Marxist-Leninist" state.
>Only slightly more numerous than Indians these days, Chinese citizens
>now buy one-third more cars and light trucks each year, 3 times as
>many television sets and 12 times as many air conditioners.
300 million people watch CTVs in India. What is the population of the US?
> Like China, India has a growing middle class - it is just not growing
> as quickly, perhaps in part because India's expansion started in
> 1991, 13 years after China's.
Indian economy has grown at about 5.5% to 6% per annum for last 20 years.
> The Chinese economy has been expanding by 8 to 10 percent a year for
> the last two decades, while India's has been growing at a still
> healthy 6 percent only for the last decade. India's population is
> growing twice as fast as China's, moreover, so income growth per
> person has been slower in India....
China has a compulsory one child policy, India doesn't have that policy.
Ulhas