Lets play with little bit of statistics
India's per capita is US$440/yr, v/s China's $990 and USA's $32,000. At the present rate of growth the Chinese economy will be 10 times the size of India within 20 years time.
India has 17% of the world's population, but 0.6% of the world's trade & 1.4% of the world's GDP! 99.4% markets outside India! India must plan to become a resource base for the world.
Poverty Line per person, as per Govt., at US$ 75/yr, (Rs. 10 / day or Rs 3650 / year) as per World Bank, $1/day or $365/yr
Market Capitalization of 7000 Indian quoted companies at US$ 120 billion (only GE in USA, US$ 500 billion).
India's Free Reserves are US$51 billion vs. China + Hong Kong $312 billion. 99.4% of the world's market's are outside India. We must export more!
In 2000, Foreign Direct Investments [FDI] into India was US$ 2.5 billion v/s. US$ 105 billion into China + Hong Kong. Total FDI worldwide is US$ 1220 billion per year.
China's Literacy Rate is nearly 100% more than of India. In China, all children attend primary School for 9 years. For secondary education the attendance is about 89%. The Indian Govt.'s definition of literacy is if you can sign your name! Why?
Tourist visiting China are nearly 35 times more than India i.e. 87 v/s 2.5 million. Worldwide Tourism Industry is 7 times of I. T.! China has 10 air lines vs 3 in India. China is building 4 lac hotel rooms per year, India has a total of 6 lac hotel rooms.
If one visits Beijing or Shanghai, every thing looks "Neat & Clean". Bombay & New Delhi look like "Garbage Dumps"! Why?
In the Sydney Olympics, India was placed practically last, in 122 countries, with 1 medal; China was 3rd with 59 medals! Why?
China's World Trade is 7 times of India's. Can we pay for oil imports of US$16 billion/yr. when exports are US$42 billion/yr.?
Food grain production in China is about 410 million tons v/s 206 tons in India, although the cultivable land is half. Why?
India's share of world trade dropped from 3% in1947 to 0.6% in 2001, a negative growth of 500% in 54 years. Why?
Every year we have floods & droughts in certain parts of India. Does it mean that there is no solution to this problem?
India's birth rate is 300% more than China. We produce more than one Australia/yr.! We need to provide additional 10 million jobs / yr.! China has 13 million births per yr, India has 27 million! Life expectancy in China is 72 years vs 61 for India!
China - India comparison.. Steel production is 133 million tons vs 24 Cement 650 million tons vs 96 Crude oil 160 million tons vs 30 Coal 1300 million tons vs 300.. TV's installed 400 million vs 75 million Telephone lines 220 million vs 27.
- INFO courtesy - Joy Gangopadhyay
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