India vs. China: Whose Economy Is Better?

What U have wriiten is very important : We should not be USA, China or Pakistan centric. India is India - we are to go with our own mission. Yes, we are to change for better where necessary. Equally : we do not quarrel with our neighbour/s on all flimsy issue/s.

India's Base is very Strong.. currently you can see a slow progress than China but it is going to be steady and going to be in same pace for many coming years..wont surpirse if India passes China in near future cheers :) -

Jim Chanos, the man who gained notoriety by calling Chinese economy Dubai times 1,000, is at it again. He has argued in a recent speech that a bubble is building in China's financial system that could derail the global economic recovery. "China is the engine of growth that will hopefully pull us out of the morass that we find ourselves in. But the closer you look at that engine, the more you begin to see that it may throw a piston rod soon," Chanos is believed to have said. While he cautions that he doesn't expect a crash in China anytime soon, he is seeing classic pockets of overheating and overindulgence and has no doubt that there is a credit driven property bubble going on in China right now.

If what Chanos is arguing turns out to be right and if the bursting of property bubble does indeed affect other parts of the Chinese economy then the global economy would indeed be in big trouble what with the US also looking increasingly wobbly. However, if the Chinese authorities do manage to cool down their economy without any big trouble, then the dragon nation could certainly emerge as one of the most attractive investment destinations.

Please read my post infavour of India

Since at the beginning it was not clear where we vote it was in YES or NO form...Devi Also mentioned this..... 

Very correctly put Mr. Malhotra. Couldnt have done better even after researching on such an interesting topic :))

By 2012, You all watch India on the top.

Those who argue against India. China doing better, should know the stability factor too.Wait & watch when China's bubble brust.

Following points clearly emerge from the debate:

1. China's economy is better developed

2. Indian leaders are not doing enough to outpace China.

My question is : How important it is for India to become no. 1 economic super power in the world and how important it is for us to outpace China?  My answer is that it is not so important at all!!

Well - I am not saying that we should not improve.  I am not saying that we should continue to play second fiddle.  I am not saying that we should not grow economically.  All that I am saying is that our policies should not be China centric.  We should neither be US or Pakistan centric.  We much look at our own people - inclusive growth!

It is india which first called for inclusive growth.  And India is doing well.  There is numerous issues which need to be tackled on priority.  In fact, our performance is not at all above average in perhaps six out of ten issues across most areas of human activity.  But it is India and not China which is the apple of the world's eye. 

I see lot of positives politically, economically, inclusivity, technologically and on human development.  My assessment is one of hope for India and not gloom.  After all, we are known for stability and not for aggression. 

I for one, would give a thumbs up for India!!

India vs. China: Whose Economy Is Better?

Rahul, you need to indicate which side members will support ...INDIA OR CHINA. Please modify. Thanks.

India has all the potential to become world’s economic super power, but what is preventing it from reaching the top position is its population density and economic policies. China represents almost 20% of world population of 6.7 billion (2008) and India about 17% (2008). By 2040, India's population is expected to be 1.52 billion; that same year, China's will be 1.45 billion and India will become the world's most populous country. The one point programme of political parties in India is to gain power and remain in power by hook or crook. The so called development programmes are not for real development but aimed at winning elections by maintain the gap between the rich and the poor. If we allow the population to grow at the current level of 1.6% we will become world’s super power by  2040 in terms of population and world’s largest exporter of educated slaves.

If you go on performance side right now, of course the chinese economy is better. However, on basics, we have excellent economic system, but because of lack of consensus ad idem amongst constituent factors of the indian economy we are not performing well.

We also need to become compatible in accordance with the trends of world economy and we must also have qualitative penetration in the world market.. but our authorities are not caring in this direction...

Our system personnel has become follower and our people has lost the concept of leadership and planning based on accurate forecasting... in our country most of the people now have excellent mind to handle the money but they have no expertise in generating options for the money... that  side really require to care for and update ourselves accordingly...

We must note, the chinese are communists and they first prefer to generate and not to handle....