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love how you say " just 5 years behind " ...
do you work for the Indian media ?
15 yrs ago it was 5 yrs behind !!
Well as far as economics is concerned, we should always compare our relative growth wrt China. This relative assessment tells us that we have to make many adjustments regarding our socioeconomic conditions to get boost in economic indicators.
Always compare with the best and try to reach them.
There are many thing sIndia is trying to emulate from China. Let me give few points.
1. India is investing heavily in Africa but is far behind China. So its good that we learned from them.
2. Indian govt. has made a new proposal to lure back Indian Scientists working in different countries back to India. China has been doing it successfully.
3. India is focusing more on technical education and trying to access new markets especially in ASEAN, Srilanka, Africa etc.
4. India has learned that Economy can be used as great diplomatic tool even for strategic benefits. We can see India emulating China in Afghanistan just like China did in Myanmar, Srilanka etc.
Gap of GDP growth is decreasing, China's GDP growth was once three times of India's.
If you talk about numbers then India is exactly 8 years behind China. China completed 2 trillon$ economy in 2004. India is close right now or maybe abover 2.2 trill. Lets wait for the official 2013 data.
But then if you talk about quality of life, infrastructure, high speed trains, manufacturing sector lol then I would say India is atleast 20 yrs behind. Accept it that Indian service led economy is a short term boom. It is ending.
New york times is a propoganda newspaper according to many Pakistanis and Chinese posters here.
@ India has definitely lost the race considering a shorter timeline of 2020.
Only India thought there was a raceI was not aware we were in a race
Only India thought there was a race
By steven rattner :As recently as 2006, when I first visited India and China, the economic race was on, with heavy bets being placed on which one would win the developing world sweepstakes.
India Is Losing the Race - NYTimes.com