Dragon &Elephant: China races with India

No topic hotter than the raising of China and India, and with both courtiers, with each has over 1 billion people and huge pool of talented engineers and students pose to be the No. 1 economy in the world, but at the end of the day, between China and India, who will get there first?

Yesterday, The question is tried to be answered by Pieter Bottelier, SAIS senior adjunct professor of China Studies, SAIS of John Hopkins University in Washington DC. "India's Economic Progress and Prospects: Perspectives from China's Experience"

Compared to China,

1.India has a democracy, rule of law and people enjoy greater freedom. However female education is much lower
2. India has limited infrastructure to start with, the nation has no reliable electricity supply, and no big cities in India meet international logistic standards. All Multi-Nation Corps have to build their own systems out of the current ones.
3. India has more private companies, better corporate governance. Both India and China has a state dominated banking system.

India, China's Relationship with the U.S.
Sino-US trade is much larger, due to bigger Foreign Direct Trade to China from the U.S.

Access to Capital:
Indians enjoy easier access to capital, Chinese rely more on personal savings.

In Conclusion,

India is on a way to something every significant, however, the sustainability is not assured, five factors will decide:
1. manufacture sector, currently the ratio in GDP is too low.
2. Agriculture
2. Infrastructure
4. National saving has to raise
5. greater political consensus