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China and India are not in the same league
By Boris Sullivan - Fri, Jan 27th, 2012
By Boris Sullivan - Fri, Jan 27th, 2012
Analysts often compare India and China as two rivals that represent Asias rise. But T.N. Ninan, editorial director of Business Standard, throws cold water on the notion of Chindia, arguing that the two countries are not in the same league.
The two economies were of similar size in 1978, both approaching $150 billion, but India has fallen behind: Chinas GDP of nearly $7 trillion is four times that of India; Chinas exports are six times those of India; Chinas literacy rate is 94 percent compared to Indias 74 percent; Chinas life expectancy is 73, Indias is 64. Ninan does not delve into reasons, other than mentioning Indias delay in enacting reforms and failure to build leaders at all levels of government.
Two other comparisons come to mind: With system of governance, India as a democracy and China as communist; with demographics, Chinas population is relatively steady since 1980 while Indias nearly doubled. YaleGlobal