Will India Pass China as Best Growing Economy?

Posted by: Bruce Einhorn on February 10, 2009

Talk about a tarnished prize. According to this Economic Times story (the ET is a content partner of BusinessWeek), India may soon pass China to become the fastest-growing major economy. “India may pip export-dependent China,” the ET writes, “and emerge as the fastest growing nation among all large economies.” To which we should all respond: Big deal. If India does pass China, the change will be largely a reflection of how seriously the global crisis is hammering the Chinese economy – not any sign of Indian strength. Indeed, consider the other ET story that is running along with the India-China one on BusinessWeek’s Asia Channel today: “GDP Growth in India Falls to 7.1%” And that 7.1% number is misleading. As the ET reporter points out, “this is almost 2 percentage points below previous fiscal’s growth of 9% despite two rounds of fiscal stimulus packages announced by the center.”

Not a pretty picture. But according to the ET, the Indian government “has become hyper-active to achieve at least a 6.5% growth in Q4 to register a win over China.” Why? Here’s the ET’s explanation, presumably representing the view of Indian bureaucrats: “If India achieves a better growth rate than China even for one quarter, the message will go across to the world and help India in wooing foreign capital, waiting to chase growth stories.” Really? All it will take is one quarter of anemic growth in India beating slightly-more-anemic growth in China for investors to forgive India all its infrastructure problems? The bureaucrats in New Delhi need to get out more.

Meanwhile, back on Planet Earth, the Chinese government is planning on spending almost $600 billion in stimulus spending, versus just a few billion in India. And investors in Shanghai have pushed up shares 24% so far this year, compared to a flat market in Mumbai. China certainly has a ton of trouble ahead as it tries to rebuild its economy, but now is certainly not the time for anybody in India to start celebrating.

Reader Comments

jcage

February 10, 2009 3:23 AM

Here we go again India vs China or China vs India!
Don't fall for his trap! Bruce got a history of writing this type of topic and it is getting old long time ago! He need to generate viewership really bad by any mean necessary!

Veeren

February 10, 2009 3:57 PM

while reading all the past "Bruce Einhorn" articles i have found prejudice towards India for some reason and he always ends up comparing the 2 countries of India and China.
Why doesn't Bruce do some creative writing rather than just commenting upon some other articles. Leave the commenting and commentaries to us the reader, we don't need frog-in-the-well interpretations of some so called authors.

Pranay Manocha

February 10, 2009 4:11 PM

Well, as an Indian I think it is indeed a big deal for India to surpass China in its growth figures even if it is for one quarter. Symbolism is important not just to Indians, but to all Asians - including the Chinese (which you as regional editor are probably quite familiar with).

A single quarter where India outperforms China will go a long way to influence those Indian-origin (and perhaps other Asian?) investors abroad (and there are plenty) that a little more faith from them could see India (and their investments) soaring in the future.

I do not see why your Planet Earth must comprise blind faith in stimulus spending figures and an utter devotion to China. I think the India story, being one of the few positive stories in these times deserves more respect and attention than you choose to give to it.

There are several pieces you could read, but I recommend this one at the New York Times: "How India Avoided a Crisis" by Joe Nocera.
http://www.nytimes.com/2008/12/20/business/20nocera.html

On your endnote, I do not think anyone in India is celebrating right now, but they want to. The relative absence of a credit crunch there means one good story and everyone's purses might just open.

Dhilipp

February 10, 2009 4:46 PM

My, my. What bitterness. Bruce, you need to go to India some time. No one there is under any illusion about the infrastructure or about China being a bigger, stronger economy. It is all a matter of making a statement. That, hey we aren't in that bad a shape as the key growth benchmark, China. Please invest in us. Thats all. A statement, like China made with its Olympics.

abhishek

February 10, 2009 5:24 PM

as an indian who is familiar with the environment in india, i tend to agree with this author. In my personal opinion, the great India Inc. story has been one of the biggest myths to be written up by the media and India itself. India is growing sure, but in comparision to China and most Asian countries, it has long way to go to become anything close to a super power.

Jeff

February 10, 2009 6:19 PM

Bruce you sld have known better, what do you expect anyway? You been blogging for quite some time and seen way too many comments from the Indian at root level. The same mentality more or less reflect their elite and upper level class Indian. Oh btw I like your sarcasm, let see what our friends from the other continent got to say about this.

Jack

February 10, 2009 6:34 PM

this article makes alot of sense, great writer.

much better than this, http://www.businessweek.com/globalbiz/content/feb2009/gb2009029_663058.htm

Kaushal

February 10, 2009 9:29 PM

wow.. i didn't know anyone could write on Business week. This looks like an article from yr 10 kid who hates India.

P.G.Gopal

February 10, 2009 10:24 PM

Excuse me Mr. Einhorn, what you are spouting is arrant one sided nonsense. The real story is India's capacity of getting a more than healthy growth, in the face of the worst economic crisis in post depression economic history. And, possibly over-taking China, at least for one quarter.
Doing all this after an attack of unprecedented ferocity from Pakistan and
open threats and attacks from home grown Naxalites, from Al Qaeda and terrorists of all stripes.Mr Einhorn is obviously trying to sell copy, but is skirting facts to tell a one sided story.
Gopal

Achimus

February 11, 2009 12:53 AM

Bruce, I have been followed your India VS China stories for long time now. Most Indian know India is far behind China. Thats the realty. And I doubt if they are ashamed our insecure about this fact.

In 2006 you would have attracted hundreds of comments from hyperventilating jingoistic indians. Not any more!!

May be they have all left for a website which promotes China + India Stories.

Grow up..

Tag Pillay

February 11, 2009 5:53 AM

Exports from exporting economies are and should not be of prime importance because they do not generate middle classe jobs, domestically. All exporting nations favor their imperialists addicted Government structure. Although India suffers from one family post colonialist(Cia/KGB/Vatican) rule, it's domestic consumption & retailing is, like the U.S. a mighty driving force while on the other hand China still has to address and eventually undo its military structure & institutions, currency manipulations, free press society and model(manipulated) economy.

MotherIndia

February 11, 2009 8:32 AM

This is the most anti India's comment from BW so far. What did India to BW to deserve such treatment. Mind you, India is the world largest democracy with independent judiciaries. BW is the mouthpiece of China propaganda dept.

Prithvi

February 11, 2009 12:28 PM

seriously .. some of the points made by the author is actually true.. but style of presenting it so pathetic that i cant believe this is work of someone whose content can be featured in BW..may be my impression in BW being a professionally run organization was wrong..

abc

February 11, 2009 12:37 PM

Its good, we understand these snakes, trying, playing dividend rule. In reality, we shold tell them dollar and euro is just piece of paper and not needed in trade. Asia has enough of everythn including culture and civility, we dont need to buy anything fo these snakes.

bora

February 11, 2009 1:55 PM

Indian claimed growth makes little sense by the world standard, since they've a closed economy and too much protection. Most of their products are not up to the world market standard, just like Soviet Union. They can claim all they want but when the door opens up, most their economy simply collapses, same as the Soviet.

For example, when India can't compete with Chinese, they banned Chinese toy import. When world is flooded with nettops, Indian invented $10 "laptop". The growth figure by this kind of practice is simply misleading. Most of produced are junks anyway.

harry

February 11, 2009 6:43 PM

poor bruce,
He's getting trashed by Indians who don't like the China, India comparisons. Why? Because such comparisons always naturally coming up on top and reminds Indians how far they are behind, and how they have a lot of catching up to do. If Bruce really wants rave reviews of his articles from Indians he should do comparisons between India and it's failed state neighbors: i.e Afghanistan, Pakistan Bangladesh. That way Indians will feel better and sing bruces praises.

Objective-reader

February 11, 2009 10:08 PM

Bruce Einhorn, while I generally do not like any India vs China comparisons, I think what you wrote here hits the nail on the head. My question is then why does Businessweek has to degrade its own standard by carrying all these stupid nationalist "India is best" articles on your website???

AJ

February 11, 2009 11:20 PM

American should be grateful what Indians have contributed to American scientific and technological supremacy. As the biggest democracy, India is the American’s nature ally. In addition, Millions of Indian engineers, scientists and doctors play vital roles in American economy. Some examples are:
36% of NASA scientists Indians,
48% PHD are Indians,
38% of Microsoft engineers are Indians
33% Silicon Valley hi-tech companies are started by Indians
Computer Pentium CPU is invented by Indian
Microsoft Window is written by Indians
Oracle is written by Indians
Indians are by far the richest, most highly educated, and most successful ethnic group in US. Without Indian contribution, American is no longer a science/technology superpower.

Achimus

February 11, 2009 11:43 PM

@Harry,

A comparison between India and china no longer makes an Indian ashamed or insecure. An extension to this logic is, that a comparison between India and its failed neighboour states does not neccessarily lead to hubris and euphoria.

China will continue to be ahead of india in many spheres for many many decades, even hundreds of years.

But when you are talking about a nation that is over 5000 years old these decades and centuries of penury and poverty pale into insignificance.

China, another country with thousands of years of history and heritage, should know this better.

I am just hoping that Mao's cultural revolution was not as complete as it is made out to be.

Ankit

February 12, 2009 1:07 AM

India-China economy has always bought a lot of discussion.Given the ailing economy of China owing to its high dependence on exports to US is worrying.Infact,with US economy in tatters,make me wonder if India will surpass China as the Asian PowerHouse

Prakash

February 12, 2009 4:56 AM

That was a wonderful response to a miserable post.

@Achimus

February 12, 2009 6:18 PM

You need to retake your history 101. India never had a continuous civilization of 5000 years. It was a bunch of smaller tribes. Just because a religion united 1 billion people together, doesn't mean it's been a unified entity through history.

Jos

February 14, 2009 3:36 PM

I am not a big fan of China's autocracy. But whenever I've heard about some Indian bragging "we are the the biggest democracy in the world, therefore blahblah", I feel I want to throw up.

I travelled to India recently for 5 days' short trip and never will I do it again. Give me a break with that nasty castle system, will you? Largest democracy? Don't kid yourselves. It is the largest humanitarian disaster happening on this planet! I felt as if I were on some sort of UN Relief mission.

One quarter of decent growth (as it should be for any other developing country) will change foreign investors' entire investment strategy? You think the very investors are somehow mostly 8th graders? Keep that dream for yourselves. I think Bruce at least got this right.

Achimus

February 14, 2009 8:57 PM

@ @achimus

It is sad that history today has more to do with opinion than facts. The reality is Indian have more to say about their history than others.

But then, this is about the future.

I think you have misinterpertated my post. You have assumed the meaning to be - 'Indian have had a long and illustrious history, and only because of this they will have a strong an prosperous future'.

All I mean to say is - this will be another small chapter in a long history of India.

@achimus, If you are chinese, You should be very proud. If you are an Indian, Your are a disgrace.

Atal

February 14, 2009 9:17 PM

'Retake History 101', Using Indian numeral to make Indians look bad. Ironic but typical.

LK

February 16, 2009 11:46 PM

Am I the only Chinese who read this article? Or in general this kind of articles?

Barking dogs don't bite. Stop bragging and do something real.

Brezenski

February 17, 2009 12:22 PM

I think that we can't forget Brazil' economy that grows fast and strong, India and China is not suporting the economic crisis as Brazil are.

Arthur

February 21, 2009 2:29 PM

I don't enjoy Bruce's articles which often stir emotional comments, but I dislike much more those emotional comments, most of which look to be from those of Indian origin, and most of which reflect their immature ways of thinking. I came to notice Indians bragging their growth since around 2000, and over the last 9 years, China's lead over India has expanded, not shrunk, exponentially. I also abhor those who not only bark at the author instantly after they read the article, but also bite on whoever the author happen to have said something seemingly in favor. My two cents.

Parijat

February 23, 2009 11:58 PM

Jos , You must be given a Nobel for your intelligence..... I have been born and brought up in india as a Hindu ..and i could not understand the complexities of the Caste System , but you seem to have become an expert in Just 5 days...!...Grow up idiot...Time to shed your Greeko - Roman foolish attitude and ...BTW we indians however poor try to live within our means not like you people who take loans and show off.

Tan

March 2, 2009 9:01 PM

India are just a British "invention". There wasn't any India before the British came. The so called "5,000 years of Indian Civilization" is just a fallacy.

Allice

March 4, 2009 3:19 PM

If people go visit both India and China. The answer will be very clear. Indian won't be able to pass China forever! There's no way to compare at all.

achimus

March 4, 2009 9:54 PM

@Tan

5000 yrs of indian Civilization may turn out to ba fallacy. The debate is on.
On one end of the spectrum you haveleft leaning Indian historian who water down the achievements of India. And on the other end you have right wing nationalist who exaggerate india's accomplishments. Throw into this mix a few western historian who switch thier position depending on where thier grant is coming.

But the fact is there is a DEBATE!!

Looks like your little red book has exhaustively covered the 'fallacies of Indian history'.

Allice

March 5, 2009 11:10 AM

I won't even account India as Asia. Which part does Indian people look like Asian then? Ha

garbage

March 7, 2009 11:54 AM

more garbage form the eye on asia staff. why don't these insecure white men do something useful instead of writing about their "opinions". it's just garbage.

i'm writing to BW and telling them to cancel my subscription because if these are their staff then the quality of their magazine can't be too good.

garbage writers

and so many of my comments have been censored by the writer.

Worried Reader

March 9, 2009 2:16 PM

Challenges of 21st Century:
1) Explosive population, largely from develoing countries such as India and Sub-Sahara countries.
2) Air and Water Pollution, everywhere from Asia to North America. Water pollution is especially sickening in River Ganges.
3) Global Warming, this is an entension of problem #2.
4) Pollution in Weblogs. Often there are many people of Indian origin finger-pointing, bragging, bigmouthing. They don't like "Slumdog M.". What can you say?

Arthur

March 14, 2009 4:33 PM

It is just natural for people to be proud of their own cultures, their own histories, and their own achievements. Such pride is often viewed by others as something positive and encouraging as long as the person who expresses it at least respects, or preferably checks, the facts from the perspective of others' cultures, histories and achievements. I often find it astonishing to hear or to read the comments from some of the Indian friends who can just so easily ignore and/or exaggerate facts, and they often casually come to a conclusion as if that would give rise to the instant pleasure without them being in the need to verify and validate them. This kind of habit, which I am not sure how pervasive it is among the population there, is actually harmful to India's continued growth. I wish to see a prosperous India with majority of its people out of poverty, but that is the future India that only its people could build with hard work instead of empty talk.

I remember last year reading an Indian blog of conversations on comparison between India and China. One person mentioned his trip to China a couple of years before and described how far ahead China is of India as he witnessed it himself; the other instantly wrote something like: "it should be much close now given India's fast growth". How? A well known fact is China has been consistently growing faster than India over the last 20-30 years, even though India is also growing fast at the same time. Logically that kind of casual conclusion just does not make any sense. I also recently heard from an Indian folk talking about India being already the top nation in space exploration. I was speechless, and everybody was politely smiling. Fortunately that was just the lunch conversation. How could he not know that Russia, US and China being the only three nations to send men into space, how could he not know that China just completed a successful space walk, and Japan and China launched their moon orbiting satellite one year before India? How could he not know, especially if he is so interested in space topic?

Indian For China

March 16, 2009 1:10 AM

Most western media shops have a anti China bais and a pro India slant.

Is it working. NO! Its unlikely that the West will be ever be able to pit Indians against the Chinese. This is not a dogfight. Please give us some respect.

Indians and Chineses can think for themselves.

Most China related stories allude to the misconception that The Chinese ascendency of the Chinese is bad for the world.

deo

May 21, 2009 7:30 AM

development in china is just superficial..for evry development they pay this huge price...making toys that are hazardous to kids, bulding infrastrusture by destroying thousands of village and taking home from poors, being the leading greenhouse gas producer, polluting environment to the core...India is not a communist country..it's a democratic nation achieves evrythng with public's welfare in mind so it might take longer but the best way to do it...

Silent reader

June 1, 2009 1:00 PM

I liked the article and all the responses. Being an Indian (non financial background)I totaly agree with quite a few responders, that india has a potential to do well in future but having said that, currently India is in no where comparable to China. It has a long way to go. I belive if most indians care to belive in the power of deeds more than words than this dream of being "The powerhouse of asia" is reacheable. This article - http://indiaeconomywatch.blogspot.com/ is quite an intresting one...

don't just be rude while comenting an article

July 7, 2009 6:59 PM

nothing is impossible if you try it hard..doesn't matter if your an indian or a chinese...just want to say 50yrs ago from now on, some western people didn't even about india being a country and look now, it's 2009 and not only the western people but the whole world know about india. from inside they know that indians are hard-working people but they just don't want themselves to be ashamed so they just say bad things and even curse to the indian people and the funny thing is indian people are don't even bother in their stupid conversation and IGNORE THEM. some people surely are jealous about indians who are capable of everything...not saying that chinese people suck..but from looking at the past..india in the present rocks.

well look at china, it was kinda rich in the past and still the same in the present..meaning india is getting better and better as the time is passing and china is like constantly in their past position..so china and the usa( who thinks they're better than everyone after the worldwar2) should simply watch out for india( who is developing it without saying THE INDIA like "the" USA does.
between my name is luke from england.

Bikiran Bordoloi

August 7, 2009 9:41 AM

India and China have both strong and weak points.When we compare the two countries we generally compare their present growth rate,in which China is leading.At present China is in a better condition.But if we look India atleast 40 to 50 years in future it will be in a better condition.Because in a recent survey it was found that China will have more old age people compared to India.So at that time India will have more advantage than China.China will have to feed more old age people due to their long lives.India will have more human resources in the form of youth which will play a pivotal role in the development process.

Jessica

August 8, 2009 8:14 AM


The size of the stock markets in my opinion depends on how much capital formation takes place through them. In US, stock markets play a major role in IPOs and capital formation whereas in China and other countries stock markets are primarily used for speculation and not much for capital formation. Most of the financing in these countries takes place through banks. I maybe wrong but this is my analysis.

Regards,
Jessica
jessica@ 4xindia.com

Nave R.

September 10, 2009 10:27 AM

I don't know why this debate always comes up - India Vs. China. Just flip through history and you will be amazed that India and China have been the best and the biggest friends the world has ever seen (until 1962). I am an Indian and have been to Malaysia and have quite a few chinese friends there. No one consider India as a threat or as their enemy. In fact, they were all frank in admitting their religious roots to India (through Buddhism). From classics like "Journey to the West" to Guan Yin to Bodhidharma, India's influence has been deep-rooted in China. Unlike others, India never forced its religion Buddhism upon the common population of China. The following quote by the former Chinese ambassador to US "India conquered and dominated China culturally for two thousand years without ever having to send a single soldier across her border (mostly through Buddhism)". Let's stop all this animosity and let's prevent another Cold War from brewing. Hail India China friendship.

Freedom lover

September 12, 2009 6:40 AM

After travelling all over China, I could only come with one conclusion.

Tremendous material progress, but all a bit soulless.

Look if someone were to take my right to have my religion, I do not care even if I get a billion pounds. So does China give me the right to have a religion, and also gives me the choice to be a non believer? NOOOOOOOO... not by a long shot.

It is trying to create a new God in the name of Mao, yet we all know that Mao is synonmous with the atrocities of the Cultural revolution and cannot ever be called a Buddha or a Christ.

I would love my country to have a history and its historical buildings. CHina in its stupidity has destroyed most of its histry as it was abhorrent to the communist party.

Well... what would Delhi be without its heritage? Can India's Taj Mahal or its Ajanta caves, the sun temple at Konark ever be pulled down to make way for another steel and glass structure? NO way!

So India scores here too.

If you cannot pray freely to your religious beliefs, cannot elect your representatives, cannot bark freely in public, cannot preserve your history no amount of extra steel production can give you a claim for a better life...

C. H. Ng

September 14, 2009 11:02 PM

@Freedom Lover

How long and since when you have started travelling "all over" China?
China is a very big country, bigger than India but smaller than Russia. I really doubt you, a foreigner, can & have the time to travel much the whole of China or even your country.

If you really did, I am very surprised to hear you saying that China has destroyed much of her historical heritages. You must be blind or ignorant to have miss seeing the Great Wall & Forbidden Palace in Beijing to name just a few. You must be blinder still if you can missed seeing the temples, churches and mosques in most major towns & cities. I agreed if you will to say there are not as many as maybe in your country but to say that the Chinese people are not allowed to pray or practise freely to their religious beliefs, are nothing but packs of lies & misinformation. Please be more precise in your comment.

Btw you may be righteous in your belief or whatsoever, but I am sure there are a billion people out there (including me) who will gladly wish to have a million pound or US$ (no need to say a billion pounds) in exchange for our rights to our religious beliefs. And btw too, I doubt most Chinese nor the government are trying to make Mao as God; but there is no doubt most of them chase wealth as their #1 priority.

NB: I am a Chinese but not from China and I do travelled to there frequently in many places but YET to dare to claim to have been all over the country.

C. H. Ng

September 15, 2009 9:45 PM

Hello Mr or Ms Freedom Lover, how long and since when you have been travelling all over China? I doubt you really did travelled that far or else how can you be so blind to miss seeing all those historical heritages such as the Great Wall, Forbidden Palace, Tulou (the only Hakka style buildings in the world)etc etc to name just a few?

I think you must be blinder still to miss seeing all the temples, mosques & other places of worship where the Chinese government never stop the worshippers from praying there.

And talking about creating Mao as a God like figure in China, I think it's rubbish as the Chinese people more a kind of "worshipping wealth" or chasing wealth as their #1 priority in life. Last but not least, you don't need to talk about forsaking a billion pound for your rights to your religion freedom, as I can bet with you there are billion people out there who would gladly forsake such rights to have just a million pound or USD!!

freedom lover

September 16, 2009 2:16 AM

Thank N G for your comments. I guess you are right that they are probably a billon people in the world willing to forsake their religious beliefs for a million dollars.

But then that still leaves five billion people who are NOT willing to let go of freedom...

Is'nt it?

You must remember that Christ was willing to be crucified for his beliefs. And Buddha suffered and saw suffering all his life. Yet...

For them the right to follow their beliefs was paramount.

I myself am a non beleiver most of the time. But in times of trouble I have always found solace in Hinduism or for that matter Christianity and Buddha. ( My wife is a buddhist)

My Chinese friends, and there are many are at times puzzled why a an orchesterated hysteria against India is being unleashed by the CHinese governement. Is it the fear that tomorrow the Chinese people too would want democracy as is prevalent in India and so many other countries? or is it the fear that in these times of recession an enemy has to be created so that the people do not turn their wrath against the government?

I wish China well. I have fond memories of my CHinese friends, sitting with them and dining late and exchanging jokes and laughing. Maybe more cultural exchanges could make things better between the two nations.

As China sheds its communism, it is possible that it would give more freedoms to its people. Yet how would we remember the 35 million killed in the culural revolution? Just cogs who were needed to create the econmy of today?

C'mon the Chinese system leaves too much unanswered. Why are they afraid of the Dalai Lama for instance. Is it the fear that a single person like the Dalai Lama can create a relgious yupsurge in China and make it re=discover its religious past. Or the lies it has hidden in Tibet?

If there was complete freedom and constsnt questioning by the press and the people, that alone constitutes real progress...

Myabe I sound a bit old fashioned, whihc by the way I am not. I only wish China well in finding what real progress and freedom means.

jcage

September 16, 2009 1:59 PM

The Dalai Lama will have his kindom in India when India split into twenty pieces.
Dalai Lama has a big follower in India and all the Buddhist in India follow the Dalai Lama teaching. I guess that the Dalai Lama is building his force for the time being and wait for India to fall into chao and it will happen in the near future!
India was keeping Dalai Lama as a future pawn to control Tibet but it could backfire in which Dalai Lama and his follower get a piece of the future desintegrating Indias!
Don't forget the India took Tawang and Sikkim from the Dalai Lama and I am sure that he want them back as well!
There is a lot of separatist in India that the Western press conspicuosly remain quiet like the ULFA, Kashmir liberation, Khalistan movement, Naxal, Tamil Nadu and more! It would take time for India to break up but the crack is already obvious!
Free India from the tyranny of the upper caste! Let India split into a 100 of free nations that are free of the upper caste tyranny.

freedom lover

September 22, 2009 6:57 AM

I have been following this debate with a bit of smile. Commentators from India and China happen to be equally patriotic, slugging for their countries.

Some like Jcage end up being abusive...

Only an idiot would want any of the countries to collapse.

At another level democracy has to be promoted and admired. Any country with huge stockpile of nuclear weapons and not being transparent in its intentions is a danger to the rest of us. We all know the imbalance the world had to face when Germany turned Nazi.

Therefore it is imperitive every country, militarily strong or weak should be a democracy...

So let us say cheers to our ability to bark and crib and shout and dance. No bigger development than this...

MK

October 14, 2009 6:17 AM

@ AJ.

This is true. If you ask the number of scientist, engineers, programmers, doctors in the USA it is really mind staggering. The main reason is because Indians know English well. Isn't that obvious? See, the Japanese are smarter yet they don't contribute the numbers.

You want to know why? Due to language barrier, the smarts develop their own country instead of working for others. Due to that sole reason above Japan is one of the largest economy of the world.

freedomlover

October 27, 2009 2:19 AM

Hey! I still await a response from my Chinese friends.

To recap, the story is somewhat like this.

The river Brahamaputra is the lifeline of North East India and al most 70 % of the water resource of Bangladesh. There are reports that China is about to build huge dams at it source in Tibet and then divert it to its northern areas.

This would lead to huge escalated tensions between the two countries and would also be against international river flow laws and precedents.

I hope the decision makers in China are wise and would not do anything which disturbs the equilibrium of the environment. It would be an environment catastrophe and a humantarian disaster; The HImalayas could dry out and the world would be warmer, if we were to tap the icy glaciars. It would lead to a huge international climate change....

This would damage relations between the two countries for ever and potentially starve Bangladesh of all water.

C'mon Chinese friends... let us save the world. Let us inform your govenrment not to do anything which destroys the mountains and the sea ....

Jim

October 30, 2009 3:33 AM

I think the Indians should change their mentality. They seem to be very happy because they are good pets of the white. They feel superior because the Chinese are not.

I wonder where this mentality is gonna lead them... Maybe even better slaves?

Rishi Muni

November 29, 2009 4:19 AM

Freedom lover said on September 12, 2009 06:40 AM
“After travelling all over China, I could only come with one conclusion.
Tremendous material progress, but all a bit soulless.
I would love my country to have a history and its historical buildings. CHina in its stupidity has destroyed most of its histry as it was abhorrent to the communist party.
Well... what would Delhi be without its heritage? Can India's Taj Mahal or its Ajanta caves, the sun temple at Konark ever be pulled down to make way for another steel and glass structure? NO way!”

China has more World heritage sites than India. China has 38 while India has 27.
http://whc.unesco.org/en/list
None of the Chinese monument are marked red while Manas Wildlife sanctuary in India is in danger. Save your own heritage first before commenting on China.
And the India government is not doing a good job of protecting the heritage sites anyways. I say so as I am concerned, the behaviour of desis piss me off but I want to see the beautiful heritage of India preserved. Apparently the British had done a better job of preserving them, hell it the British who rediscovered half the monuments in India for example Ajanta and Ellora was rediscovered by the some English guy named Smith. The Muslims destroyed Hindu monuments and the Hindus destroyed Buddhist monuments.

Amish

January 20, 2010 8:27 AM

Can't we just all get along. Didn't your mother ever tell you never to ruin a relationship with the neighbor, because you have to come home and see that person every day. How awful life would be if you can't get along with your neighbor. China and India are neighbors and no man has ever accomplished anything by ruining a relationship with the neighbor. I am an indian and have many friends who are chinese, pakistani, whites, blacks, mexicans, middle eastern and they are all wonderful and caring people. Life should be about helping one another and making this a better world a safer place. " The changes you want to see in this world begins with you" ---- Ghandi
Economy is important for providing the basic needs for the people, but often we forget the human factor. See the world through the eyes of a child or an elderly person and you will find how wonderful life really is. If china has a growing economy, that is great, wouldn't you be happy if your neighbor's house is 10 times bigger than yours, because now that will only drive the price of your home up, who wouldn't want that!!! India benefits a great deal from chinese growth. A rich dad can make millions, and a poor dad can barely make a living, but let me tell you something, no father ever loves their children any less b/c one live in a better economy. I think everyone on this forum needs to meditate atleast for 10- minutes. As long as you have something to eat every day and you are not in pain, be blessed and be happy to be alive. Learn to find joy in life rather than finding words to insult each other. It is Bruce's job to write and he is good at what he does, he is making a living. Focus your energy on what is important to you rather than getting all hyped up about what someone else thinks. Peace to the world.

Michael_UK10

January 21, 2010 6:53 PM

Bruce Einhorn on February 10@

Here we go again with illogical, irrational rants by our old boy Bruce.

This incompetent, unprofessional, underachiever continues with his rants
vis a vis India Vs China.

Rather than this comparative analysis, Bruce must be forced to comment on the decline of American and Western capitalistic model, its defragmented family structure, incompetent,lazy and unproductive work force, third rate educational levels and bankrupt companies.

Need I say more.

shubham

February 6, 2010 3:32 PM

i think india can beat china but not in near future

C. H. Ng

February 9, 2010 10:51 PM

I thought this blog/issue is long over & yet it's now being brought out again. Since it's out again, I might as well say my last piece before I go on a long leave for the coming Chinese New Year.

All these misunderstandings are caused by the western's wrong perception & fear of a rising China. For decades, the corridor of power lies with the western powers. The sudden emergence of another power which don't speak the same language & share a same culture bewildered them with anxiety & fear.

Being a Chinese but English educated from young, I can understand both sides of view. So to all westeners (and other nationality as well), kindly allow me to present my view.

In a traditional Chinese family, these 2 cultures are very important - fidelity & obedience. Most parents expect these 2 things from their children. Children are taught to be seen, not heard & to be fidel to their parents. Likewise in China central government (family), the leaders (parents) want the citizens (children)to loyal (fidel) to the Communist party w/o any form of dissent (obedience).

Western cultures are totally different.
Parents don't rule their family so strictly (democratic) & tend to let their children do whatever they like (freedom of speech).

So from the above point of view, both cultures don't see eye-to-eye & tend to think their own set of cultures are the best which is akin to religions. In actual fact, ALL cultures have both their merits as well as faults. None can truly claims to be better or the best.

Having long dominated the rest of the world, western powers are understandably apprehensive of having to share power with someone who doesn't share the same culture & speak the same language. Thus they tried to stem her growing power by all sorts of means such as creating dissidence among the different ethnic groups in China hoping to break her up like what they have done to Russia & the Eastern European bloc. Another favorite form is arming unfriendly neighbouring countries such as Taiwan, Japan, India etc to encircle her. Last but not least, the usage of internet to try to modernise the young Chinese minds that democracy is the best solution for their country. But the real fact is that the westerners hope to use democracy to break China.

The Chinese central government knows very well western powers' intention & is trying her best to prevent such thing form happening. But the question here is that whether you, an ordinary western man in the street, know what your government is trying to do or you totally knew & agreed with what they are doing?. As for the people of India (and any other country), do you know that your country is being used to contain China or you totally agreed that China needs to be contained?

Knowing and agreeding is one thing but unwittingly being used is totally another thing. You have your rights to know.

Gong Xi Fa Cai to everybody..!!

gdeep

February 10, 2010 5:59 AM

those sitting in the west want indians and chinese to fight so that they can be benefitted. it's all part of the negative propaganda...............when will we realize they want both the countries at war so that their growth slows down...!?!
AND WE(CHINESE AND INDIANS BOTH) ARE HAPPY TO ABUSE EACH OTHER.....i think the people in the west are winning.... :( so sad...!!!

C. H. Ng

February 10, 2010 9:48 PM

"Will India Pass China As Best Growing Economy?".....

Yes... I think so and I will agreed if the answer is to come from a 3rd party; not from any Indian here. No self respecting person should brag about his or her achievement; whatmore open boasting about what he or she hopes to achieve something which is still a long way to go. It's like I am telling everybody that my country, Malaysia, will be the 3rd largest economy in Asia within 30 years time. Would you believe it? Of cos you won't and so do us whenever those Indians here start opening their big mouths.

Harshal

April 19, 2010 5:13 PM

Those who don't believe, should know what Goldman Sachs' says.Those who just write what they think as per their limited knowledge, should read what the world's top most economic experts say about India. Goldman Sachs-''India’s economy would overtake France and Italy by 2020 and move ahead of Japan by 2035.''

BUT more important thing is that all the experts who are sitting in the US,strongly believe that the future of the world lies in the 'BRIC' countries and BRIC nations are pushing the US(with its other western companions) out of the global spotlight-in every aspect.

What else?

Bhaskar Datt Mishra

August 17, 2010 8:17 PM

India needs to do alot-off work to fulfill the gap between economic growth and poverty. When many reserch and annalisis shows India's economy is growing fast as it ever thought and is competing with China on lavel's of development and infrastructure. On the other hand China has commented that India is very far from us.

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Bloomberg Businessweek’s team of Asia reporters brings you the latest insights on business, politics, technology and culture from some of the world’s biggest and fastest-growing economies.

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