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India Is Losing The Race

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Right here buddy...
 
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If Iran looks 1 place ahead of Pakistan, yes.

Iran is several places ahead of pakistan and doesnot feature in failed sate index like pakistan.
 
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India Is Losing The 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.

Many Westerners fervently hoped that a democratic country would triumph economically over an autocratic regime.

Now the contest is emphatically over. China has lunged into the 21st century, while India is still lurching toward it.

That’s evident not just in columns of dry statistics but in the rhythm and sensibility of each country. While China often seems to eradicate its past as it single-mindedly constructs its future, India nibbles more judiciously at its complex history.

Visits to crowded Indian urban centers unleash sensory assaults: colorful dress and lilting chatter provide a backdrop to every manner of commerce, from small shops to peddlers to beggars. That makes for engaging tourism, but not the fastest economic development. In contrast to China’s full-throated, monochromatic embrace of large-scale manufacturing, India more closely resembles a nation of shopkeepers.

To be sure, India has achieved enviable success in business services, like the glistening call centers in Bangalore and elsewhere. But in the global jousting for manufacturing jobs, India does not get its share.

Now, after years of rocketing growth, China’s gross domestic product per capita of $9,146 is more than twice India’s. And its economy grew by 7.7 percent in 2012, while India expanded at a (hardly shabby) 5.3 percent rate.
20rattner-ch-blog427.png

China’s investment rate of 48 percent of G.D.P. — a key metric for development — also exceeded India’s. At 36 percent, India’s number is robust, particularly in comparison with Western countries. But the impact of that spending can be hard to discern; on a recent 12-day visit to India, not many rupees appeared to have been lavished on Mumbai’s glorious Victoria Terminus, also known as Chhatrapati Shivaji Terminus, since it was constructed in the 1880s. Parts of Mumbai’s recently built financial district — Bandra Kurla Complex — already look aged, perhaps because of cheap construction or poor maintenance or both. It’s hardly a serious competitor to Shanghai’s shiny Pudong.

China has 16 subway systems to India’s 5. As China builds a superhighway to Tibet, Indian drivers battle potholed roads that they share with every manner of vehicle and live animal. India’s electrical grid is still largely government controlled, which helped contribute to a disastrous blackout last summer that affected more than 600 million people.

Yet Morgan Stanley stands resolutely behind its 2010 prediction that India will be growing faster than China by the middle of this decade.

It isn’t going to happen, India’s better demographics notwithstanding.

For one thing, many of India’s youths are unskilled and work as peddlers or not at all. For another, despite all the reforms instituted by India since its move away from socialism in 1991, much more would have to change. Corruption, inefficiency, restrictive trade practices and labor laws have to be addressed.

Democratic it may be, but India’s ability to govern is compromised by suffocating bureaucracy, regular arm-wrestling with states over prerogatives like taxation and deeply embedded property rights that make implementing China-scale development projects impossible. Unable to modernize its horribly congested cities, India’s population has remained more rural than China’s, further depressing growth.

“China” and “corruption” may be almost synonymous to many, but India was ranked even worse in corruption in Transparency International’s annual Corruption Perceptions Index. At its best, the Indian justice system — a British legacy — grinds exceptionally slowly.

To be sure, summary executions don’t occur in India, and its legal system is more transparent and rule-based than China’s. But a recent visit coincided with the tragic gang rape of a young Indian woman that led to her death; the government’s ham-handed initial response was to ban protesters from assembling and impound vans with tinted windows like the one in which she was abducted.

India’s rigid social structure limits intergenerational economic mobility and fosters acceptance of vast wealth disparities. In Mumbai, where more than half the population lives in slums often devoid of electricity or running water, Mukesh Ambani spent a reported $1 billion to construct a 27-story home in a residential neighborhood.

Don’t get me wrong — I am hardly advocating totalitarian government. But we need to recognize that success for developing countries is about more than free elections.

While India may not have the same “eye on the prize” so evident in China, it should finish a respectable second in the developing world sweepstakes. It just won’t beat China.
India Is Losing The Race - NYTimes.com

I like this kinds of threads started by Pakistanis ... goes on to show their inability to compete with India and then touting China as a better country than India ...which no doubt China is ... but whats the point guys... Mere dost ke abba tujh se zayada tagde hai... kya yahi sabit karne ki halat ho gayi hai Pakistan ki.
 
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says a country with 18 hours of loadshedding :lol: no railways, world class educational institutes and whose people come to india for medical treatment.

Pakistan has poverty rate increasing at alarming rate while in India its decreasing.
70% figure is straight from ur a$$. right?

look for yourself what have you done to the land of pures :lol:
The Percentage of Poor in Pakistan is 51 percent, reports an Oxford University Study | State of Pakistan

Daily Times - Leading News Resource of Pakistan

1/3 houses in India get no electricity

Air Indiangoing bankrupt, pilots fall asleep :D

Ur wrong buddy, ppl LEAVE India , not stay. Ur ppl are infesting other countries like vermin
 
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I thought being Pakistani...you would compare India with Pakistan.............

Loosing race to winner (China) is much better than losing race from to sub Sahara countries.......


India is nearer in size and population size to China.....not Pakistan....you ignorant poster.
 
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century old data..give me latest dude..i posted data of 2011 and not of 2001 when pakistani terrorists attacked twin tower

This is 2011 data, moron. Look at the data it says 2011 bar.

And btw don't make me talk about the time when Indian terrorists caused a plane to crash in Canada... U guys are vermin to other countries

Too bad the ppl that caused 911 were not Pakistani but the terrorists who caused a plane to crash in Canada were indians :p

The top 20 failed states on this index are:

Somalia
Chad
Sudan
Congo
Haiti
Zimbabwe
Afghanistan
Central African Republic
Iraq
Ivory Coast
Guinea
Pakistan
Yemen
Nigeria
Niger
Kenya
Burundi
Burma
Guinea-Bissau
Ethiopia

Pakistan ranks 12th on failed states index: Report – The Express Tribune

Even after having a booming economy in top 15 , if India has these problems , then condition in pakistan is going to be far more worser.

India has more poverty than all these states combined :P :D

http://www.guardian.co.uk/world/2010/jul/14/poverty-india-africa-oxford
 
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Bringing toilets and dignity to India's poor – Business 360 - CNN.com Blogs

60% of Indians don't have toilets so open defecate on the streets..

Btw a Pakistani would not have to shower for 2 months to look, smell, act like a Indian

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per capita income of pakistani cities such as Karachi, lahore and Islamabad ranges from 1200 USD to 1600 USD whereas Per capita income of Indian cities such as Delhi, Bombay , Goa , bangalore etc ranges from 3000 USD to 5000 USD...no comparison at all :lol:

in nominal term

As I said before, per capita has no meaning in India where 70% of people are poor.

Per capita is just GDP divided by population
 
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on topic. if India is losing the race ? then pakistan must have "lost" it befire the race itself. OR may be it wasn't a contestant at all
 
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on topic. if India is losing the race ? then pakistan must have "lost" it befire the race itself. OR may be it wasn't a contestant at all

No... There was no race between India & China.... China was way beyond India's league... Maybe 59-60 years ahead...
 
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No... There was no race between India & China.... China was way beyond India's league... Maybe 59-60 years ahead...


Agreed... may be India is 100 yrs behind China.... why are Pakistanis so happy..

Hum pit gaye koi gam nahi..Hindustaan toh hara hai... ye hai Pakistanis soch.
 
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