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Topic : CHINA'S REAL GROWTH OF ECONOMY
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Industry : Investment BankingFunctional Area : India(Markets)
Activity:  368 views;  last activity : 07 06 2010 20:18:09 +0000
Competition at present scenario is a natural statement for all. But if we will go in deep study then we will find out that competition is major factor for growth. Presence of Competition in India is now on top. But what do you think that is it sufficient that we will compete within country for ever why usually we change our way or control our speed to com-petite with rest of world(mainly developed). Figures shows that The growth rate of Industries in china is more than India whereas both countries are developing. population of both countries are too high. Yeah but in population matter India chasing china and hopefully we will win in the race. Is it the real competition? In short, India facing major problem within the country rather than facing too much competition with any other country in terms of Industries.. Give your suggestions that Indians are facing too much competition within in India or rest of countries.
 
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More Competition within India Vs Competition with other countries
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Namrata & Greeshma Good written!

You are right but please try to understand the concept behind my statement. I am asking question of problems in India still pending since our independence. And i want to tell here that if we are thinking that with those problem(faced by more than 35% of total population) we will become a develop country only to com-petite with developed countries then it is not possible. If we manupulate the Inflation data or GDP data or any other report for just to make Govt again then sorry i don't think so that we will grow in true manner... Thats why i am saying that if we competite regularly with internal problems then what would be the result......It is just my personal thinking please don't take it as personal....  


By Vipin Bhasin, Private Equity/Hedge Fund/VC-Manager, Indian Investment Co.  05 12 2010 11:16:12 +0000
 
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Of course competition is a way to growth.....

According to me competing with other countries will helps us grow better. Because India is still a developing country and if it competes wit a developed country it can become more stronger and powerful. 

So we should start competing with other countries in all aspects like technology, infrastructure, innovation, etc.....   


By Namrata Pathak, Accounts Manager, American Express  05 12 2010 09:08:31 +0000
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yes competition is way to growth and also comparison helps to start our way to achieve what we dream about. Many time i heard don't compete with others by many idols but i think with comparison we can start at least......
By Manmath Patil, Marketing executive  | 06 30 2010 18:21:45 +0000
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Yes competition is only way to Grow...but depends on the way. I think every body in this world is unique and have the things which no one else have. If you dont have common things then what you can have competition for? Better to have competition with yourself. Make better yourself than you were yesterday. For competition with some one there is only two ways...first- improve yourself and let help others also to the same. second- no need to do anything , just make some one to have regress. you will get progress itself. I think very few people like first option. If one of my indian brother regressing and i am feeling that i got progress to seeing him,,,that is not progress that is illusion which can lead us to go down. So Competition is good thing but have it to improve yourself not to show others that you are more than them. Once each of us will improve ourself,, then no need to count days to see our country as a developed country.. already we will be developed. Good luck friends.
By Dr.Jitendra Kumar, MD, Dy. Manager Claims & Network  | 06 30 2010 16:04:42 +0000
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Yes I agree, Competition is a way to growth to certain extent with other countries. But competition should come from with in the country and we should not much bother about other countries' growth otherwise we will end up in enmity over each others growth for eg, India & China. We should compare our present growth with our past growth and make it better than the past. This kind of growth is healthy to our nation.


By Arun Kumar K, Security/ Equity Research Analyst, Thomson Reuters  | 06 30 2010 09:52:39 +0000
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obviously where there is a competition they give birth new techniques to reduce cost and give better quality or rate which ever u want.
By BHARAT KUMAR ANYAW, Construction-Construction Management, SARVODAYA GROUP  | 05 15 2010 14:36:26 +0000
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Mr. baalu i am using your wording itself "UNLIKE CHINA OUR INDUSTRIALISTS AND BUSINESS PEOPLE HAVE TO CROSS SO MANY IMPEDIMENTS,RED TAPISM,LASS GOVT SUPPORT ETC.THEY WILL HAVE TO BE APPRECIATED FOR THEIR DETERMINATION TO ACHIEVE IN SPITE OF ALL THESE ODDS."

You are also agree that we(our industrialists) facing more problems within India than rest of world in terms of competition. otherwise china are far away(back) from India in terms of growth


By Vipin Bhasin, Private Equity/Hedge Fund/VC-Manager, Indian Investment Co.  | 05 15 2010 14:04:21 +0000
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When we grow together , but i will more- that is competition . But as i feel, nowadays the definition is different - push someone and take his place. But this only your growth not for your nation. I know what is the strength fo India. We have the best but still we are trying to be better only.
By Dr.Jitendra Kumar, MD, Dy. Manager Claims & Network  | 05 13 2010 06:00:18 +0000
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Competition is a pre requisite for growth of a country else monopolositic conditions will prevail and it results into concentartion of wealth in few hands thereby no overall growth.. See what India was doing till 1991 and the result is in front of us that we are way behind our global counterparts. 

China strenthened its manufacturing base thru small industries, big ventures  and then now jumping into Service sector but in India we followed reverse way i.e. we went into service segment like BPO first and it is the time we should strengthen our Manufacturing base. Politicains should come out of their petty interests and infuse measures for overll growth of the manufacturing sector. Thsi way we can compete with international manuf.

Believe me if this happens , India will leave  China behind as my experience shows that even in Europe, USA and Africa peopel wants to shift their sourcing to India.

Cheers if leaders of this nation walke up to this call


By Deepak Davar, General Manager- Sales & Marketing, Videocon Industries  | 05 13 2010 04:01:33 +0000
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Hello Vipin, To get better quality, competition  is must. This you can find in everywhere. When you talk about growth, this we have already achieved to certain extent. still to achieve more, Government should simplify the rules so that we can have better growth in all sector.

K Rajagopalan. 


By k Rajagopalan, Area Manager, Amitex Polymers (P) Ltd.  | 05 12 2010 16:00:37 +0000
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Great vipin you are right, you are talking about internal problems i.e. high population, low income rate, corruption, political environment etc..... If we are competite with internal problems then it is difficult to competite with rest of countries. Like if we have pain in our body then even doctor can't operate the patient. First of all we will recover from internal problems.. 


By monika arora, Freelancer, ITES / BPO / Customer Service  | 05 12 2010 12:01:12 +0000
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No doubt India is growing with good rate but if we make com-petite analysis then we will get that china's growth rate is more than India in many sectors/industries except population growth rate. Even we see in last recession 2008 that Indian market much effected than Chinese. FIIs move to china at that time rather make more investment in India. It shows that growth of china is in very perfect manner(strong) than India. Maybe internal crisis, problems are the major factors for same. It means India facing too much competition within India than outside.......
By Vipin Bhasin, Private Equity/Hedge Fund/VC-Manager, Indian Investment Co.  | 05 11 2010 17:43:32 +0000
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with others countries as we would cover a large area to compete the large players to learn from the more scope to sucess
By aditi gupta, MBA/PGDM student, pimr,ips  | 05 15 2010 16:08:13 +0000
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THANK YOU NAMRATA. COMPETITION KEEPS ONE ON THE TOES AND KEEPS HIM ACTIVE.TO QUOTE MR.RATAN TATA, IN TODAY`S COMPETITIVE ENVIRONMENT EVEN IF YOU WANT TO STAY WHERE YOU ARE YOU HAVE TO KEEP ON RUNNING.MANY INDIAN ENTREPRENEURS HAVE STARTED THINKING GLOBAL AND ARE IN THE PROCESS OF MAKING THEIR PRESENCE FELT GLOBALLY.SUCH IS THE LEVEL OF THEIR CONFIDENCE AND QUALITY OF THEIR PRODUCTS AND SERVICES.AS IS BEING POINTED OUT IN THESE COLOUMS,WE MAY BE CLOSELY FOLLOWING CHINA BUT THE FACT REMAINS,UNLIKE CHINA OUR INDUSTRIALISTS AND BUSINESS PEOPLE HAVE TO CROSS SO MANY IMPEDIMENTS,RED TAPISM,LAX GOVT SUPPORT ETC.THEY WILL HAVE TO BE APPRECIATED FOR THEIR DETERMINATION TO ACHIEVE IN SPITE OF ALL THESE ODDS.


By s.baalu , Consultant, XYZ LTD  | 05 15 2010 11:45:40 +0000
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Yes without good competition there is no growth, competetition from other countries will give us better idea that where we stand and what improvement required
By Rajesh Kumar Thakur, Regional Sales & Marketing Manager, E G Gas Limited  | 05 13 2010 05:45:24 +0000
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While competition by itself generates growth, it is international competition that generates maximum growth potential for any profit minded organization.

The reason for this is that competition at international levels makes the business object - the product or service - compatible and consequently acceptable through internationally recognized standards.


By RAMESH KANDADAI, Principal Consultant, ARM Consultants  | 05 13 2010 03:54:39 +0000
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Yes, I prefer competition from within and from without.

 


By M. Prabhakar Rao, Author of "Mayhem Of The Miserables!", http://www.smashwords.com/books/view/52075  | 05 12 2010 15:17:53 +0000
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Yes. Competiition is a way for healthy growth of economy and advancement in greater knowledge of products. As a Marketing Pesonnel I enjoy working in the todays rat race market conditions. wheter is it match stick or Air carft ( Boeing and Airbus), cars and other consumer durables there is a lot to choose for the customer.Ultimately the quality cost and service are important whether it is from our country and over seas.One more eg. Japan after world war II were shattered but such a small country if u see in map one has to really learn how they became progrssive....


By T.L.BALACHANDRA , Marketing Manager, Kanoria Plaschem Limited  | 05 12 2010 14:25:35 +0000
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Yah competition is way to growth with other countries But the dirty politician involvement of our country is very bad. Through various quota system the sprit of the competition is going down wards. In want of power and vote bank all the talent of new generation is getting spoil. I que site of the new young star should be to wards for best research in new technology in various field. Present no body want to do hard work and they are always try to shift work load which is not good sine for power full India.

Subhash

 


By subhash.thorat , Audit Manager, Goverment  | 05 12 2010 14:06:07 +0000
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It's good that india is in a position where we think of compete with the rest of the world. I do agree that we have got the potential to go certain extent. But, out competencies remain focussed only on certain industries. The competition with diversified products and services, will help us grow economically stronger and place india where every indian would be proud to see. Thanks to the recent times where india has been seen a major conributor to the global growth. The young brains should strive towards to compete with the rest of the world and the govt should have the policies changed to encourage the same.
By Vijay Babu Palaniappan, Program Manager, Mahindra Satyam BSG  | 05 12 2010 12:41:07 +0000
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India is growing and competing at a faster pace these days. We have to compete with other countries to move ahead in the race to grow stronger.


By Greeshma Reddy, Regional Marketing Manager, eInflexion Pte Ltd  | 05 12 2010 09:38:40 +0000
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