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KDPGRAHI

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Member Since: 11/2007Last Seen: 11/25/2009

'India in no position to strike bargain with China'

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Take a look at some basics of the two economies. China's gross domestic product, adjusted to the purchasing power of its currency, was $5.33 trillion in 2005, the last year for which comparable data was available. This was more than double India's GDP of $2.34 trillion. China has 1.3 billion people compared to India's 1.12 billion, and the per capita GDP works out to $4,091 for China, way ahead of India's $2,126

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In every sphere China outdoes India. The only silver lining is the case of IT and so to say outsourcing, which will also be overturned in near future if one considers the pace of progress China has been engaged itself with in this regard. So is not it a wake up call for Indians? What is the main hurdle? Incapability in taking hard decisions due to so called democracy?

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  • 1 vote
Reply#1 - Sat Jan 12, 2008 9:36 AM EST
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