IT IS NOW FOOLISH TO COMPARE INDIA TO CHINA. RATHER, IT WOULD BE MORE SENSIBLE TO LEARN A LESSON OR TWO FROM THE CHINESE!
Recently, in terms of Gross Domestic Product (GDP), China toppled Japan to secure the second position globally, after US. In fact, China was very close to achieving this feat the last year itself, but fell short at the last moment. As per reports, if China keeps growing at its current pace, then by 2025, it should topple the US to become the largest economy of the world. Who could have imagined that an economy, which was languishing till about three decades back, has put itself in such formidable position? What is even more amazing is the fact that at a point in time when the world economy is still recovering from the global recession, China kept on growing. The growth has been such that in 2005, it first overtook Britain and France; then in 2007, it surpassed Germany to secure the position of the third largest economy of the world. It is not that the growth did not bring in iniquitous distribution of wealth; but then, at the same time, China has managed to pull out a staggering 600 million people out of poverty – a record which no other country has achieved so far.
Going by media reports, it doesn’t seem that many experts are appreciative of the Chinese growth. In fact even now, most in the developed world still cannot fathom the fact that China can be a serious contender in the new economic order. Much of this is owing to the fact that irrespective of its number 2 position, China still remains a developing country, as its current per capita is still 10 times lesser of that of Japan. But then, what most miss out on is the fact that China is in no hurry to prove itself. China has moved step by step in terms of consolidating its position. They have never bothered about the criticisms that they faced on humanitarian issues, or the kind of global cynicism that they faced by keeping their currency purposefully undervalued. Their objective has been very clear – which gets reflected in the manner in which they have planned every step. From the very beginning, China has been extremely scientific and systematic in its approach. And more than that, the growth has come out of great sacrifice collectively made by the Chinese citizens. China has systematically moved people into manufacturing and today China manufactures almost half of the global produce. Thus today, a Walmart retains the topmost position in the Fortune list by selling goods that are being made in China. And all this has not come in a day. It has been an outcome of years of planning. China today boasts of an investment which is a mind numbing 40% of GDP! Even at its peak, the US managed around 18%. Even countries like ours are managing 18%. Additionally, the Chinese investment mobilization has been far more prudent than any other country’s efforts. They have systematically invested in infrastructure, which not only created jobs, but also helped in creating a world class environment for trade. But then, their biggest credit has been in terms of the investments that they made in education. As per reports in 1998, around 3 million students were undertaking Chinese higher education; this increased to around 8 million in a matter of just 4 years. And investments have just not been in higher education – starting from English training, to vocational training to the investments that they made in science and technology. Such has been the outcome that their investments in education alone add up to almost 6% to their growth; and this would be sustained over a period of time. Today, China produces patents, the number of which is only second to the US! Not just this, they received severe criticism from all quarters when they pro-actively went ahead with their engagement with Iran. They did so not just with Iran to but with Sudan as well, for they knew that energy security is key to their dominance in global trade.
In order to have a better understanding of what the Chinese have achieved in the last two decades, one needs to compare it with India. The Indian economy, which used to be almost 80% of that of Chinese economy as recent as two decades back, now remains a menial 25%! While the Chinese feel underachieved at a staggering $4 trillion plus economy, we celebrated our $1 trillion mark! While sometime back there, China created history by hosting the greatest sporting spectacle, Olympics, we all know what we are doing to the Commonwealth games! Increasingly, any comparison between India and China is getting banal! It is not that we do not have our own advantages, but the Chinese have gone far ahead and are increasingly going farther. If reports are to be believed, we too would reach the number 2 position economically by 2040; but that too, if we keep growing between 8 to 9% year on year, which in itself is a huge challenge. It is now foolish to compare India to China; rather, it is more sensible to learn a lesson or two from the Chinese. Not just for growth, but more for the sake of those 300 million who have been languishing in poverty!
Going by media reports, it doesn’t seem that many experts are appreciative of the Chinese growth. In fact even now, most in the developed world still cannot fathom the fact that China can be a serious contender in the new economic order. Much of this is owing to the fact that irrespective of its number 2 position, China still remains a developing country, as its current per capita is still 10 times lesser of that of Japan. But then, what most miss out on is the fact that China is in no hurry to prove itself. China has moved step by step in terms of consolidating its position. They have never bothered about the criticisms that they faced on humanitarian issues, or the kind of global cynicism that they faced by keeping their currency purposefully undervalued. Their objective has been very clear – which gets reflected in the manner in which they have planned every step. From the very beginning, China has been extremely scientific and systematic in its approach. And more than that, the growth has come out of great sacrifice collectively made by the Chinese citizens. China has systematically moved people into manufacturing and today China manufactures almost half of the global produce. Thus today, a Walmart retains the topmost position in the Fortune list by selling goods that are being made in China. And all this has not come in a day. It has been an outcome of years of planning. China today boasts of an investment which is a mind numbing 40% of GDP! Even at its peak, the US managed around 18%. Even countries like ours are managing 18%. Additionally, the Chinese investment mobilization has been far more prudent than any other country’s efforts. They have systematically invested in infrastructure, which not only created jobs, but also helped in creating a world class environment for trade. But then, their biggest credit has been in terms of the investments that they made in education. As per reports in 1998, around 3 million students were undertaking Chinese higher education; this increased to around 8 million in a matter of just 4 years. And investments have just not been in higher education – starting from English training, to vocational training to the investments that they made in science and technology. Such has been the outcome that their investments in education alone add up to almost 6% to their growth; and this would be sustained over a period of time. Today, China produces patents, the number of which is only second to the US! Not just this, they received severe criticism from all quarters when they pro-actively went ahead with their engagement with Iran. They did so not just with Iran to but with Sudan as well, for they knew that energy security is key to their dominance in global trade.
In order to have a better understanding of what the Chinese have achieved in the last two decades, one needs to compare it with India. The Indian economy, which used to be almost 80% of that of Chinese economy as recent as two decades back, now remains a menial 25%! While the Chinese feel underachieved at a staggering $4 trillion plus economy, we celebrated our $1 trillion mark! While sometime back there, China created history by hosting the greatest sporting spectacle, Olympics, we all know what we are doing to the Commonwealth games! Increasingly, any comparison between India and China is getting banal! It is not that we do not have our own advantages, but the Chinese have gone far ahead and are increasingly going farther. If reports are to be believed, we too would reach the number 2 position economically by 2040; but that too, if we keep growing between 8 to 9% year on year, which in itself is a huge challenge. It is now foolish to compare India to China; rather, it is more sensible to learn a lesson or two from the Chinese. Not just for growth, but more for the sake of those 300 million who have been languishing in poverty!
Comments
Thanks for using the appropriate proverb:
"If you criticize. You have no time to love."
I agree.
And in addition I would say
to make things better analyse rather than criticize.
Showing original position of our country...!!
When we r fight for castism , reservation,
than how we can grow like china..!!
Watch out for my book, "Varun's Theory". A revolution has begun to happen.
It also has my autobiography in the last chapter and my love story too.
Please see the cover image in my blog, http://eyevarun.blogspot.com
Released Globally.
Publisher: Raider Publishing International
Here’s a short synopsis of my book too:
A battered young man since childhood (highly oppressed and suppressed in home), fighting with his life, begins his journey to save himself as his condition deteriorates to such a state that till known things about homeopathy were not sufficient to cure him. So no homeopath could help him. Fortunately having interest in homeopathy since childhood he knew that it’s the only science that could cure him.
He takes his case in his own hands as the only and last option and begins his journey to save himself. By Guru and/or God’s grace he finds a grand new theory that explains homeopathy to the core. A theory which explains every facet of homeopathy, gives solid scientific foundation to homeopathy for the very first time, accepts the right things in homeopathy by proving it right, rejects the wrong ones by proving them wrong, as many things in homeopathy till now has only question marks than answers. His theory answers every unanswered question about homeopathy and opens the gates for many new things and many such new things are there in the book too.
The book also has his autobiography as well as his love story in the last chapter to make it worthwhile reading to all than only homeopaths.
More so the book is paced as a mystery movie or story wherein you involve your own mind in every scene to unearth the mystery underneath. Also it is written in a language that even persons not from homeopathy or scientific background are able to understand it, thus providing all the curiosity and interest to everyone.
The book also provides a major missing link to explore universe further, so lot of fodder for scientists of particle physics as well apart from other physicians and scientists.
Here’s some initial interest towards my book...
Please have a look at the links below.
http://www.abchomeopathy.com/forum2.php/229310
http://forums.hpathy.com/forum_posts.asp?TID=11638
Just to let you know that fourth page has begun on the first link and second in the second link too. I’m telling you this as the links to further pages are written in very small font on far down and right.
Here are the respective links to those forums otherwise where you can see my thread with the heading, “Watch out for my book (on Homeopathy)”.
http://www.abchomeopathy.com/forums.php
http://forums.hpathy.com/forum_topics.asp?FID=16
Please see more and initial comments in my blogs.
I appeal to Prof Arindam Chaudhuri and all to tell about my book to all and also especially to Prof Arindam Chadhuri to please write about it in his newspaper too.
I'm looking for support from Indian community so that such big discoveries find their real worth and also that I can get away from my highly oppressive and suppressive family soon and can begin my real life with my girlfriend.
Varun
http://eyevarun.spaces.live.com
http://eyevarun.blogspot.com
http://eyevarun.wordress.com
http://twitter.com/eyevarun
http://facebook.com/eyevarun
But it is also important to diagnose the Indian system. A stable govt. ( single party ) at the center can achive much more than a set of horses pulling the cart in 10 directions.
PPP can help India develop its infrastructure at a much faster rate.
Laerning by doing mistakes will take the Indian route to a higher non-linear growth curve, but risk taking is required by the politicians.
Strong leadership is required and a more involved approach is required by the corporates to develop India, by maybe having a High Performance CEO made a Honorory minister in all govts, regardless of party.
Naarebaazi se desh nahi chalta. Concrete growth requires concrete action, planning and execution skills.
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honestly i have no complaints about what has been said in the article except one problem that i identify.
China underwent historical transformation that killed millions of its people in the cultural revolution and even today suppresses numerous human rights and freedom across its territory; and maintains political prison camps and prisoners; enforces iron discipline bordering on human rights violations to achieve ehat it has achieved....
are you saying sir that we need to go down the same path??