Author: bendent

India has more potential than china and they are really powerful [Copy link] 中文

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Post time 2005-6-4 17:13:29 |Display all floors


the reason is because thats what many indian ppl say

India's rise seen unstoppable, balancing China's might

By 2035, "I am confident that we would have provided a standard of living for our people comparable at least to what developed countries enjoy today," a buoyant Nath told his audience of largely American and Indian business leaders.

Its just interesting, when you compare this bravado with the more humble (and realistic!) predictions about China's future. In 30 years, I don't see it at all likely that China's average standard of living will be higher than that of "the developed countries today".

India's rise seen unstoppable, balancing China's might

WASHINGTON (AFP) - India's emergence as a political and economic power is unstoppable and could play a key neutralizing role over China's growing clout, according to experts and officials at a forum here.

"We no longer discuss the future of India: We say 'the future is India," Indian Commerce and Industry Minister Kamal Nath said at the conference organized by the US-India Business Council on Wednesday.

In 30 years, he predicted, India would "certainly have achieved" 100 percent literacy, become a developed country, enjoy the same fundamentals as the United States, and should have resolved the thorny Kashmir problem with Pakistan.

The one-day conference assessed the US-India relationship over the last three decades and debated what the next 30 years could hold for the partnership between the world's most populous and oldest democracies.

Nath cited India's potential as a key global foreign investor, saying Indian investments in Britain have already exceeeded British investments in India.

Indian investments in Australia have also outstripped Australian investment in India, he said.

"Even with China, with whom our trade a decade ago was just a billion dollars a year, it is now more than a billion dollars a month," he said.

By 2035, "I am confident that we would have provided a standard of living for our people comparable at least to what developed countries enjoy today," a buoyant Nath told his audience of largely American and Indian business leaders.

He said he would not like to compare India with China, saying comparisons were always "invidious," but quickly quoted a top executive of a Japanese multinational corporation as telling him during a recent Tokyo visit that Japanese investments in China had slowed down.

"It's very easy to get into China but we find it difficult to stay there and it is very difficult to get into India but very easy to stay there," he quoted the Japanese executive as saying.

Henry Kissinger, the influential ex-US Secretary of State, said India, with its nuclear arsenal and immense human resource potential, "will emerge as a great power" but was unlikely to be part of any US design to become a counterweight to China.

He said there would be "increasingly close cooperation" over the next decade between India and the United States, which has offered a multi-pronged

"strategic partnership" to make the Asian nation a global power.

Kissinger rejected any notion that the United States would use India as a counterweight to China, whose growing military, economic and political muscle has sparked concerns among some groups within the US administration.

"India will be concerned with its own security and independence and it will make its judgement on that basis. It should not be part of an American design to counterbalance China. And it won't be, anyway," Kissinger said.

"I'm known in the United States as a strong advocate and one of the originators of close relations with China. I believe that today, I am also a strong advocate of close relations with India," said the former national security adviser.

But Ashley Tellis of the Carnegie Endowment for International Peace said preserving a stable balance of power in Asia through strong states on China's periphery constituted "a critical US security interest," given China's rising power over the long term.

Japan and India, both of whom are vying permanent seats in the UN Security Council, will hedge against growing Chinese capabilities and "supporting them in this regard makes sense because it coheres with the global objectives of the United States," he said in a paper distributed at the conference.

Raghuram Rajan, the head of research at the International Monetary Fund, said India's emergence as a global power would depend on its capability of creating jobs for its youth -- a quarter of the population is below the age of 25 -- and overcoming its weak infrastructure and growing intra-country disparities.

With nuclear archrival Pakistan as its neighbour, Rajan asked whether India could continue to avoid regional conflicts in its quest for economic progress.

"India has avoided regional conflicts certainly since 1971. Is it possible that we are entering a new era where economic interaction papers over political concerns or is it possible regional antagonism could increase?."

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Post time 2005-6-5 18:10:55 |Display all floors


Hard Fact:


Literacy: definition: age 15 and over can read and write
total population: 90.9%
male: 95.1%
female: 86.5% (2002)


Literac: definition: age 15 and over can write name
total population: 59.5%
male: 70.2%
female: 48.3% (2003 est.)

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Post time 2005-6-6 16:26:03 |Display all floors

Wow! Mr. Bendent, India has serious capital outflow problem to Australia and Eng

....Wow, does that mean that the Indian Bureacracy got to work on "stopping" the capital outflow to India?

Whatever it is, India will definately develop at a faster pace now that China is facing "labour shortage" in its coastal region.

We have been observing, India and Pakistan has been liberalizing. Read this:-

Pakistan to reduce tariffs on polyester materials.
2nd June 2005
Jedi Agencies.

The Pakistan government is expected to reduce tariffs on Polyester staple fiber and filament. This is part of liberalization package expected to come in the June 6th budget by the finance minister.

At the moment, ICI and a smaller domestic producer has been charging premium prices much to the disadvantage to Pakistani spinner competing with competitive spinners in China, Taiwan, Vietnam, Indonesia and Malaysia.

The changes will increase the use of polyester in the Pakistani market now dominated with cotton spinning.


Master Yoda
Jedi Council

New Middle Kingdom.

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Post time 2005-6-7 16:51:21 |Display all floors

India still faces several challenges

India still faces several challenges
Country must battle demons before attracting foreign funds

BOMBAY, India, Oct. 24 ?In India, a country steeped in tradition with an economy poised to grow by 7 percent this year, several issues must still be resolved before it can move itself successfully into the future and draw direct foreign investment. Poverty tops the list.

"ABOUT 80 PERCENT of India's population lives on less than $2 a day," said The World Bank's Joelle Chasard.

The poor, with their many serious health problems, put pressure on an already-taxed infrastructure. And it's something of serious concern for any company interested in doing business in India.

Nowhere are the contrasts that define India more stark than in Mumbai, where in the shaddo of the affluent financial district you will also find one of Asia's largest slums and abject poverty. How India chooses to remedy that disparity will go a long way in determining its economic future.

Beyond poverty, there are major infrastructure issues. An outdated transportation system and a road network in desperate need of repair make it very difficult to move goods around, in turn driving up costs. And the power supply simply cannot keep up with demand.

"Most factories have to set up their own generating system," Chasard said.

But getting power is just half the battle. One must also navigate the bureaucracy — one that makes even China look good.

"To start a new business in India, one needs on average about ten permits," Chasard said. "By comparison, in China, one only needs six. As a result, one has calculated that on average it takes about 90 days for a business to set up in India.

And the reason so many barriers were put in place? Government protectionism.

"The government was in the business of running a business rather than running the government," said Vic Bhagat, senior vice president of GE India.

With the government striving first to employ people, not produce profits, productivity and competitiveness took a back seat. But an increasing amount of investment from abroad has forced a change in political priorities.

"Suddenly you got competition — and what happens with competition? Rates drop, quality improved, so the government had to improve the quality to stay competitive," Bhagat said.

But clearing the government's hurtles isn't the end of the game. After that, businesses enter another morass.

By most estimates, 90 percent of land titles in India are unclear, driving the cost of real estate to unimaginable heights.

"The real estate in Bombay is on a per capita basis more expensive than in Tokyo, Taipei and almost any other Asian city," said Shirish Sankhe, an analyst for McKinsey and Co.

"It has been a roller coaster ride," said Rajnikant Patel, cheif operating officer of the Bombay Stock Exchange.

"As we see now ... you see the capital market going up — the foregn direct investment, the interest of the foreign institutional investment over here has been tremendous."

According to The World Bank however, because the national deficit is 10 percent of the GDP, interests rates are incredibly high.

"The fiscal imbalance is really not necessarily seen as a source of immediate crisis as we have seen in other countries — Argentina, Russia — a few years ago," Chasard said.

Still, those high interest rats have deterred some foreign companies from investing.

Yet for others, benefits have outweighed the problems, and foreign entities have continued to flow into India.

"There is no quick buck to be made in India," Sankhe said. "The markets that are deregulated are extremely competitive. The local companies are very good so when you come to India, come for the long haul."

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