China is ahead of India--and as a historian/sociologist I see two main reasons.
The first is cultural. Notwithstanding the period of the "Cultural Revolution" Chinese culture is highly compatible with entrepreneurship and commerce. The Chinese commercial sector--and culture--was well developed even before Western contact became a factor. The current growth in China thus has a deep resevoir of cultural values--including the Chinese version of the European "work ethic" to draw on. India's culture, on the other hand, was oriented much more toward an analogue of western feudalism--a sociatal mindset that is not as conducive to capitalism.
2) Although China is nominally "communist" and definately not a free country in the modern sense, the political leaders have given relatively free rein to the business sector. In dia, however, a well-entrenched socialist bureaucracy continues to have a negative influenceon growth in some economic sectors.
However--India has some real advantages-if it can take advantage of them. One is that India is much closer to being a full-fledged democracy than China. And if China does not "clean up their act" on that score--it will hurt them in the long run. No country can be effective with a mix of dictatorship and a free economy. If you look at history, you will see tha tsooner or later one will destroy the other. Further, Indian socialism has strong interests in some industries. If they can get the bureaucracy out of the way, it can become an asset--a body of public servants who have a much better knowledge of market economics than the regime in China does.
The cheif mistake both cuntries are making from a technical standpoint is not moving directly to alternative (non-fossil fuel) energy production. Quite aside from environmental concerns, these technologies are rapidly being made obsolete. Once the cheap way to produce energy, they are on the verge of becoming relative expensive compared to the new technologies beginning to come on line. Continuing down that roadd will place them at a competitive disadvantage with the rest of the industrial world.
2007-04-12 05:32:53
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answer #1
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answered by Anonymous
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It's pretty much a race between India and China. China is at an advantage in that they do not have a caste system and they have a far greater resource of dollar reserves. India is at an advantage in that they have the English language and better communications.
Both countries have some of the same very serious problems:
- huge gap between rich and poor
- hopeless social welfare and health situations
- lack of infrastructure, especially in rural areas
- property rights all over the shop
- endemic and terrible corruption
- aggressive foreign policy interests
- spread of AIDS
Personally I think India may have more of an advantage than people often predict, but that's just my opinion... I've invested in both economies :)
2007-04-12 04:47:46
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answer #2
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answered by Saint Bee 4
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Short answer now, but interesting ?, so will check for stats.
We went to China first under Nixon, and China infrastructure/roads made it more suitable for consumer goods. Start of info age and noteable internet made commerce with India possible in service industries where infrastructure/roads not as important. Recently, India man rec'd Peace Prize for micro loan projects, and since India largest Democracy, expect in many creative, entrepreneurial ways, India will overtake China. They will invest in infrastructure and social advancement. Expect more medical progress from them, as well as organic farming and energy innovation. Very educated group of people in India, and I believe that they still value teaching of Ghandi.
My opinion and not based on stats is that inner turmoil can only bubble if China continues same path. Human rights abuses, military spending...1989 (spell?) Tienamin Square.
2007-04-12 04:54:25
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answer #3
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answered by dan b 3
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Because China's cap on FDI (foreign direct investment) is 10 times India's ($65BN versus $6.5BN).
2007-04-12 04:43:25
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answer #4
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answered by Anonymous
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How is China ahead, India has 'the bomb'. Oh yeah and India also has our joerbs!
2007-04-19 18:10:05
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answer #5
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answered by Ferddaword 3
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Boycott China!
2007-04-12 04:48:35
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answer #6
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answered by Anonymous
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To busy trying to concentrate on the usa, don't have time to focus on china and india, hell don't you know we are at war, let's focus on that and find a solution.
2007-04-18 15:26:48
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answer #7
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answered by youaskIanswer 2
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i think of India and China the two will proceed to enhance in potential, the two militia and fiscal in the century to return. the two are super international locations full of a brilliant, different inhabitants who've historical histories.
2016-10-02 21:05:34
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answer #8
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answered by ? 4
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simple its like driving a car
the chinese see the wall ahead and turn the car around while indian politicians and bureaucratic red tape crash first and then see the wall
2007-04-15 17:35:38
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answer #9
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answered by YR1947 4
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