Sunday, August 7, 2011
Is the indian economy capable of becoming the largest economy of the world????????? ?
i mean finance people & capitalists say that india is destined to overtake the chinese & US economy after 2050.besides indian GDP which is below china will gradually rise to become the fastest growing economy in the world in the future.unlike communist china which mostly relies on trade &selling small scale goods like toys,batteries,chocolates and earns its GDP, INDIA has the foundation for a STRONG economic sector in IT &engineering.china has a large contribution in world trade & has a good FDI ,india's is insignificant,still india is very near to china& is the second fastest economy,what if india boost its FDI,it can easily overtake china.both the countries have a large work force & eql population problems.besides india is suffering from povery & illiteracy.i am sure the growing economy in india can overtake all these & infrastructure related problems.china has got a disadvantage in communism & its internal problems are bound to make it disintegrate,riots etc,besides china imports FDI illegally frm taiwan & korea.in the future china will look like a factory producing small scale goods & india like the technologiacl lab producing large scale manufacturing goods.china to me is a fragile superpower.
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