Sunday, November 05, 2006
India may overtake China by 2010
India, now in a 'sweet spot' economically, is set to move on to double digit growth despite politics and populism and may be ahead of China's growth by 2010.
"The hype about India is real. Factors are in place to sustain 10 per cent plus growth..Investment at over 40 per cent of GDP this year is one of fastest jumps in history," renowned economist Surjit Bhalla said in his mid-term review of the economy.
When the correctives are applied, the poverty level at five per cent (for India) would be on par with that of China
IMO: On the face of it the idea sounds incredible, but yes, I would say India could overhaul China economically in a forseeable time. China does a lot of assembly work and that has caused some of its apparent growth, for example. But does India have the overall will to continually succeed materially. I think perhaps it does not and anyway it need not overhaul anyone but it has its own destiny.
"The hype about India is real. Factors are in place to sustain 10 per cent plus growth..Investment at over 40 per cent of GDP this year is one of fastest jumps in history," renowned economist Surjit Bhalla said in his mid-term review of the economy.
When the correctives are applied, the poverty level at five per cent (for India) would be on par with that of China
IMO: On the face of it the idea sounds incredible, but yes, I would say India could overhaul China economically in a forseeable time. China does a lot of assembly work and that has caused some of its apparent growth, for example. But does India have the overall will to continually succeed materially. I think perhaps it does not and anyway it need not overhaul anyone but it has its own destiny.
# posted by uv : 8:41 PM
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