I have selected this topic because i found this topic very 'controversial'. Now you will be thinking that why i said that it is a controversial topic??? right ???
okzzz let me answer, before starting writing about this topic i discussed about this topic to many people and i found a very interesting thing that most of the people was supporting China or they said that 'India economy can not beat china ever'.
so if you are one of them then you must read this blog! (agar India ko support kar rahe ho fir bhi padho =P)lets read the some reasons that why Indian economy overcome china's economy.
- India is the largest Democracy in the world. (The best reply to 'why India can beat China?)
- India has programs like 'Manrega' which provides 100% job guarantee. There is no such kind of program running in China which job guarantee to their people.
- India has 'Sarva Shiksha Abhiyaan' which provides free education to below 14 year age childrens.
- In India we know that we don't have cities like Shanghai (Infrastructure) but we have city like Gurgaon which is recognizing at international level rapidly.
- India has more English speakers than what China has.
- Chinese government just focus on the development of urban area (less focus on Rural area) and in India it is vice versa. (which is a good sign to progress)
- India has more than 65% of the population below age 35 years old. (means young nation) and in China condition is differ.
- Economic reform in China Started in 1978 and in India it is 1991 means 13 year later.(So we can't compare both countries growth rate at this time means India 2013 = China 2000).
India to outpace China by 2030: US intelligence report.
Economic growth in India beats China, Russia, Brazil: HSBC survey
i will add some more points further....
