India, China growth race 'silly', says Nobel winner

[kaykay]

Actually India is far away behind, may be 20-25 years or even more!
China is already a super power which has veto power in UN, India should try to gain that status if they actually want to be super power state, question is it possible in next decade?

LOL....man do you even know the defination of superpower.only veto power would not give you a superpower status.if that was so then there are five superpowers right?

 

[xTra]

infant mortality IS for newborns. btw theres no such thing as the 1 child policy. i challenge you to find 1 chinese policy document that contains the phrase "1 child policy".

certain step for welfare of society? You kidding me? Is that why far more Indians are starving and illiterate than Chinese? Are they getting "welfare"? What does that have to do with the economy? We aren't even talking about the economy, we're talking specifically about social welfare which India does not have. Vietnam has similar GDP/capita as India and is far ahead in indicators like infant mortality, nutrition, education, etc.

I think you stay in Hong Kong.

 

[below_freezing]

I think you stay in Hong Kong.

how about no? refute my post with facts (but none of them support you), and try looking at location.

there's no chinese policy called the 1 child policy. It is an inaccurate, incorrect and politically motivated mistranslation. Just look at the wiki page for the actual name.

 

[Skyline]

LOL....man do you even know the defination of superpower.only veto power would not give you a superpower status.if that was so then there are five superpowers right?

yep, you can explain, what's the definition of super power?

 

[PlanetWarrior]

The fact of the matter is that every word uttered by Mr Sen in this interview makes sense. It may hurt my fellow Indian sentiment and ego but the reality is that we should not be regarding China as a competitor but rather as a benchmark to follow. If Indian lay economists persist in their mistaken belief that China is our competitor then the sad impact of that will be similar to a chess hobby player challenging a chess grandmaster.

China has a 10-15 year advantage to economic open market trade. In that time India persisted with its failed socialist, nationalisation red-taped, closed market policies. The pace of development (socially) is way too slow in India. If people do not see the benefits of market reforms at grassroot levels, then those economic reforms mean little advantage to the country. Democracy maybe a stumbling block to India as compared to China's one-party policy since economic policies maybe short term and not long term strategies. But then again, India has been run by Congress for quite awhile now so is democracy really the excuse? Instead we should be focusing on rampant corruption and extortion and red tape as the real problem. The fact of the matter is that China has patience for neither whilst all those thrive in India.

Social reform in China is not implemented in China due to the so called one-child policy. It is better implemented because there is no patience in that country for red tape and corruption. India, I have pointed out, seems to implement corruption and red tape as an official government policy.

Finally it is the mindset and the psyche of dealing with Indians as compared to Chinese in business. Indians in business generally work on "Indian time". The prices negotiated changes overnight. Goods are rarely if ever delivered on time. Chinese on the other hand project more professionalism in business. If they promise to have a shipment delivered at 9am on 12 Sept 2011, you can bet your bottom dollar that it will be at the port of destination at that time on that date. Again, red tape in doing business in India is frustrating as compared with the free flow of doing business in China.

I don't think that India should be attempting an economical pissing contest with China for the next 50 years at least. Instead, India should be watching and learning from its neighbor. In Hinduism we are told to shut up and learn when the guru speaks or preaches. Perhaps India should regard China as its economical guru for now and instead of comparing itself with China, it should learn from the Chinese how to do things properly

 

[Kyusuibu Honbu]

Actually India is far away behind, may be 20-25 years or even more!
China is already a super power which has veto power in UN, India should try to gain that status if they actually want to be super power state, question is it possible in next decade?

You are confusing b/w the terms Great power and Superpower.

 

[Skyline]

You are confusing b/w the terms Great power and Superpower.

wiki says:
A superpower is a state with a dominant position in the international system which has the ability to influence events and its own interests and project power on a worldwide scale to protect those interests. A superpower is traditionally considered to be a step higher than a great power.

 

[blood]

Actually India is far away behind, may be 20-25 years or even more!
China is already a super power which has veto power in UN, India should try to gain that status if they actually want to be super power state, question is it possible in next decade?

what crap , countries like japan and germany are not veto powers but they still enjoy super power status , in that case lanka will never be seen as a super power , no one would want a small island nation to become a veto power.......

 

[kaykay]

If you really want to know then you can google abit.

Superpower - Wikipedia, the free encyclopedia

 

[Chinese-Dragon]

wiki says:
A superpower is a state with a dominant position in the international system which has the ability to influence events and its own interests and project power on a worldwide scale to protect those interests. A superpower is traditionally considered to be a step higher than a great power.

My friend, China currently has very low/limited power projection. We don't even have a blue water navy.

In realistic terms, we are nowhere close to being a superpower.

 

[TrMhMt]

China is a superpower ??

Yeah superpower of modern slaves of western companies !!!

 

[below_freezing]

The fact of the matter is that every word uttered by Mr Sen in this interview makes sense. It may hurt my fellow Indian sentiment and ego but the reality is that we should not be regarding China as a competitor but rather as a benchmark to follow. If Indian lay economists persist in their mistaken belief that China is our competitor then the sad impact of that will be similar to a chess hobby player challenging a chess grandmaster.

China has a 10-15 year advantage to economic open market trade. In that time India persisted with its failed socialist, nationalisation red-taped, closed market policies. The pace of development (socially) is way too slow in India. If people do not see the benefits of market reforms at grassroot levels, then those economic reforms mean little advantage to the country. Democracy maybe a stumbling block to India as compared to China's one-party policy since economic policies maybe short term and not long term strategies. But then again, India has been run by Congress for quite awhile now so is democracy really the excuse? Instead we should be focusing on rampant corruption and extortion and red tape as the real problem. The fact of the matter is that China has patience for neither whilst all those thrive in India.

Social reform in China is not implemented in China due to the so called one-child policy. It is better implemented because there is no patience in that country for red tape and corruption. India, I have pointed out, seems to implement corruption and red tape as an official government policy.

Finally it is the mindset and the psyche of dealing with Indians as compared to Chinese in business. Indians in business generally work on "Indian time". The prices negotiated changes overnight. Goods are rarely if ever delivered on time. Chinese on the other hand project more professionalism in business. If they promise to have a shipment delivered at 9am on 12 Sept 2011, you can bet your bottom dollar that it will be at the port of destination at that time on that date. Again, red tape in doing business in India is frustrating as compared with the free flow of doing business in China.

I don't think that India should be attempting an economical pissing contest with China for the next 50 years at least. Instead, India should be watching and learning from its neighbor. In Hinduism we are told to shut up and learn when the guru speaks or preaches. Perhaps India should regard China as its economical guru for now and instead of comparing itself with China, it should learn from the Chinese how to do things properly

I think you are still missing the point. Even when China was poorer than India in GDP/capita terms, literacy, infant mortality, mean years of schooling, average IQ, malnutrition, etc. were all superior to India. Why? India's lifespan TODAY, is what China's lifespan was in 1978. India's youth literacy TODAY, is far lower than China's youth literacy rate in 1980.

http://earthtrends.wri.org/pdf_library/country_profiles/pop_cou_156.pdf

China youth literacy 1980: 90%

Literacy in India - Wikipedia, the free encyclopedia

India youth literacy 2001: 82%.
Adult literacy rate 2010: 74%

This goes beyond economics. This reflects on the basic values of society. China in 1980 was undoubtably far poorer than India in 2001. Yet why was the youth literacy rate far higher than in India? This is not about poverty. This is about society.

 

[below_freezing]

China is a superpower ??

Yeah superpower of modern slaves of western companies !!!

FDI into China accounts for less than 1% of GDP. Not one of China's top companies is anything near Western owned. We have a free and independent foreign policy, that doesn't involve military coups by top generals, unlike a certain country that keeps getting rejected from the EU because they're browns that think they're whites.

---------- Post added at 04:52 PM ---------- Previous post was at 04:51 PM ----------

My friend, China currently has very low/limited power projection. We don't even have a blue water navy.

In realistic terms, we are nowhere close to being a superpower.

Power is projected on the tip of ICBMs.

 

[Kyusuibu Honbu]

I think you are still missing the point. Even when China was poorer than India in GDP/capita terms, literacy, infant mortality, mean years of schooling, average IQ, malnutrition, etc. were all superior to India. Why? India's lifespan TODAY, is what China's lifespan was in 1978. India's youth literacy TODAY, is far lower than China's youth literacy rate in 1980.

http://earthtrends.wri.org/pdf_library/country_profiles/pop_cou_156.pdf

China youth literacy 1980: 90%

Literacy in India - Wikipedia, the free encyclopedia

India youth literacy 2001: 82%.
Adult literacy rate 2010: 74%

This goes beyond economics. This reflects on the basic values of society. China in 1980 was undoubtably far poorer than India in 2001. Yet why was the youth literacy rate far higher than in India? This is not about poverty. This is about society.

TODAY is Thursday September 08,2011 not 2001

 

[below_freezing]

TODAY is Thursday September 08,2011 not 2001

Sorry, I can't find info for 2011. In 2007, it was higher at 87%.

Literacy Scenario in India

Regardless, it is still disgraceful for 21st century India to be behind 1980's China in living standards.

I am asking legitimate questions. Obviously, 21st century India is far richer than 1980's China. But why the disparity?