China and India are the world's fastest-growing economies. Can you think of any factors which may have caused this growth.
2006-08-30 00:14:41 · 4 answers · asked by Martin Lockheed 1 in Business & Finance ➔ Other - Business & Finance
I can speak for India-
huge talent, english speaking, good in logic. Some figures that could be useful - for starters political: 671 million voters in 2004, 322 million female, largest electorate in the world, 4663 elected state and central govt. representatives aginst 643 MP's in UK. 93 amendments to the constituion in 59 years - US has had only 27 in 217 years.
576 billion passenger Km covered by Indian Railways in financial year starting April04 to March05.. 33 is India's measure of Gini Index - India's income inequality (100 being perfect inequality, 0 being perfect equality), US scores 41, China 45.
17189 colleges & universities in India compared to 4182 in the US. 93,000 elementary schools with computers in India compared to 110,000 in the US. 87% of the total schools are in villages out of a total of 900,000.
500,000 doctors, 350,000 engineers graduate every year, 800,000 complete MBA every year as compared to 200,000 in the US. 400 medical colleges in India, US has 125. India has 5.7 million school teachers. 200,000 science degrees awarded every year. 73% male literacy, 47.8% in females. 9.9 million students enrolled in various colleges of the copuntry.
125 of the Fortune 500 companies have their research bases in India, many more to follow. Internet penetration 32 per 1000.
308 million (29%) urban population as opposed to 80% in the US. 181 million people were added to India from 1991 to 2001 - almost the population of Brazil.
51.46% of Indian Americans have high skill jobs as opposed to 21.4% white Americans (1.88 million Indians reside in the US, the second largest Asian community after Chinese).
80,466 Indian stuents in the US as compared to 62,523 from China
2.5% of India's Gross Domestic Product is spent on maintaining the military force-US is 4.06% and China 4.3%. (US & China have much higher GDP's, so the difference in money is huge)
64.9% men read english language newspapers, 67.3 read english language magazines. 108 million homes with TV sets in India, same as the US, with only a 51% TV penetration, US it is 100%..
1050 movies produced annually in India, US it is 250.
I don't know much about China. Hope this helps!
Life's Lovely! Love & Live LIfe!
2006-08-30 01:59:45 · answer #1 · answered by Starreply 6 · 3⤊ 0⤋
India: Liberalization policies started by the current Prime Minister in 1991, Huge Middle Class, >70% of population is youth, Offshoring of work by US companies.. many more
2006-08-30 08:59:48 · answer #2 · answered by Anonymous · 0⤊ 0⤋
huge population, oriental labor ethics?
2006-08-30 07:17:51 · answer #3 · answered by Anonymous · 0⤊ 0⤋
yeah... can you?
2006-08-30 07:16:57 · answer #4 · answered by DJ Fizzy xx 4 · 0⤊ 0⤋