Re: Can India overtake China is coming years?
the point is, as the thread title says, can indian economy take over China, it is not about the point that yes there are some areas to cover…
letts ee, as you have mentioned in one of your replies, 1) System 2) University 3) Industry
these three are the foundation stone for any economy to grow and for the analyst to predict the growth in next 20 odd years… do we see “Nice” system in place where anyone having ability can grow??? or atleast if such kind of system in the process to being implemented?
2ndly, the education standards, and we do not need to know that the Asian education have got some of the lowest standards in the world, the kind of education provided may produce somebody who can read and write but certainly not someone who can think..
3rd, this is the corner stone, the frist two provide the infrastructure for this, Industry is driven by researh and development which comes from the above two… what is there Indian Industry is producing for the world, even the shampoo and soap used is from Lever Brothers or from P&G or some other international brand, the local brand either consumed by the very low income locals or exported forthe use of some Indians staying abroad…( it was just an example), in short there is nothing or very few items India produces which are essential for global consumption…
the whole point is, with lack of these basis, where do you go??? are you living in Economic Bubble where Emirate of UAE, Dubai used to live in ???