Sunday 11 November 2012

China and India - Apple and Orange


This week China got its new leader selected (read chosen). Though everybody is talking how challenging the
term will be for Mr. Xi, how it has become much better than India in a few years in terms of growth and how
Mr. Hu has made China the biggest Asian Economy, in my opinion it is never too challenging for a country like China. In a country which has a single leader and can impose any decision he or she takes without needing anyone's approval, it becomes lot easier than a country like India. People also talk about how China has moved so much faster than India and India can't even imagine to catch it with its problems like infrastructure, red tape, low human development indices etc. I really want to pose some questions to those people. One is how easy is it for a country like India to implement any decision which is floated by its ruling party, let alone the leader? Then,How can we be so sure about the red tapism in China? Recently the "Doing Business Report" said that India is even below many developing countries. In Human Development Index India has ranked low. I am not saying India has nothing to improve and it is at its best. My point is that India is an open country, more open than many democracies. Media is quite open and every information which anyone knows, ends up with everyone. From what I have heard and read, China blocks any information from internet which it thinks can threaten its economy (read, leaders) and the situation of people in China, especially in manufacturing sector is quite bad (remember, China is mostly manufacturing based economy). So, I don’t quite understand how China scores better than India on so many fronts keeping in mind the opaqueness its economy and people have. There are no doubt that there are multiple benefits of having a single leader but the benefits of democracy for its people at large cannot be argued.
Comparing India with China is like comparing apple with oranges. Though both are fruits and you can discuss which one will be better for which condition, it is difficult to compare the growth and people.

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