ulagam
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The P.M has acknowledged that we are in competition with China, in economy and that is a positive thing. China has certain advantages over us. They are a totalitarian country, and hence, they have an edge over us, in implementation of code of quality and other mandatory provisions. The quality of Chinese products are there for every body to see. They are even flooding Indian markets, legally or surreptitiously. Their productivity is on the higher side. India, is on the hand, relying on private enterprise. It is suffering from red-tapism and is still on the hang over from the pre-liberal regime of bureaucracy. But, we have a lot of knowledgeable and intelligent work force. We are exposed to the ideas from the developed countries. Whether we will over take China depends on several other factors in the future. Political and other international factors also have a lot of role to play. |
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analyst
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May be after five years
analyst
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jaggu
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As per the latest statistics Chinese exports are more than imports and they have huge surplus in trade.This they have achieved thro the past decade by building infrastructure,improving technology,thrust to tural econimy,raising the standard of living of common man,building up huge military and atomic pile>due to these factors they ar able to stand up and talk to US in equivalent terms.They have got Hongkong successfully back wit then.Foreign Institutionl Investors have invested in China more than double of what they have invested in India.Onthe othe hand we have day today tensions in borders,interference of politics in each and every sphere no respect for talent rather caste is more respected than talent>so it is highly impossible for India to overtake China in thisdecade |
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siddharth s
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china is at present more developed than India & the economies of both the countries are developing at similar rates.so at this point we forsee that india is not strong enough to overcome china but in 2050 indian economy will be the third strongest in world after chinese and american |
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No. |
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inquirer
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China has had a lead in integrating itself with Global economy earlier than India (from 1975 onwards). Further China's system allows blue collar regimentation of workers which has made it possible for it to dominate in export of goods. India on the other hand has a democracy and people cannot be really pushed to perform by force. Hence the advantage will remain with China as far as overall economy is concerned. India may have advantages in services sector but not sufficient to boost the economy like China. |
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ek ajnabee
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yes of course. maybe not sooner but surly later. if our goverment had become less corrupt we would have been up there a long time ago. times are getting better. indian government is becoming better.some of this is happeneing because of media coverage. india's economy is booming. 75 % of imports you see are from india in america. and jobs are being outsourced to india. i have read tons of articles these day where all you see is india rising. man we are reaching up there. we will be on top of the world in a while. |
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laji
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It will take some time.Average age of an Indian is much lower than an average Chinese or average American.When majority of Chinese are in their old age most Indians will still be comparatively Young and contributing to the economy. |
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samratmsil
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Unfortunately NO. China with its GDP 13 times more than India, FDI investments 20 times more and domestic savings approx 17 times more...is well ahead in the race of strong economy. The economy is a perfect example of state owned/government run enterprise economy. hybrid Communism at its best. The country opened up its economy a decade before India realized the same. Now US, Europe and scandinavian nations are struggling to cope up with dumping imports from china. You won't believe a small district in jiangen province manufactures 80% of the worls need for socks. Every household has a loom to manufacture socks. Thi si what makes china one of the foremost economic powers in the world. |
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CORINDFERCEM
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India can overtake China, but not in the foreseeable future. China's development as everyone will agree is phenomenal. China's basic commitment to quality of goods produced by them, their disciplined public life, the love of their country and the burning desire in them to make their country a highly developed nation have made them what they are today. In fact their economy is growing so fast that they are only second to U.S and Britain. The toys and electronic goods inter alia that are flooded in the market today are all from China. Their quality is admittedly good. It is this quality of commitment to the quality of goods they produce that makes the difference - any goods for that matter. Patriotism, high level of commitment to quality of whatever we do and social responsibility can certainly take us farther in our quest to reach he top of the world. Why not! |
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cvrk3
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fundamentally i do not consider it is fair to compare a open economy like India, where systems exists and are transparent to a partially open economy like china.
if investment by other countries is the yardstick of the race, then it is a long way for India to become china, as china can discriminate amongs the investors on case to case basis, wheras we have a uniform policy. |
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vikas kastya(vincent)
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yes ofcourse as india is becoming one of the No.1 country in the world but it will take some time don't know when because we have still lot of courroupt people in india as soon as the courruption is finished from our country we will be the greatest country in the world. |
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bw_r005t3r
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no chance |
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