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Hardly a day goes by without one coming across an article (be it online or print) on the India vs China growth phenomenon. The Western media seems to take great delight in comparing the two nations, with the Indian media reproducing the facts and figures blindly and with equal delight. A few observations:
- China always seems to find more sweet spots, be it GDP growth, construction, steel consumption etc.
- China is projected as an ever growing economy which India can never catch up to
- FIIs are scrambling to China like there was no tomorrow
In all probability, if India did grow at a much quicker pace than China, the same media would announce that “India is growing too quick for her own good!” and then go on to list a plethora of problems associated with rapid growth.
Update: 09 March 2005
Today’s newspaper had an article on Asia’s most corrupt countries. Predictably, India is more corrupt than China.
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