INDIA IS LEADING CHINA ONLY IN TERMS OF POPULATION.

India and china this are the worlds two fastest growing country, and it is estimating by 2050 this two country will be superpower.
china is largest country in terms of population , around 20 - 21 % population live in china. India is the second largest country in terms of population and around 17-18% worlds population live in India. so if we will combine both country around 40% worlds population live in this two country.
in 2007-08 India grew more than 9% p.a. and china grew around 13% p.a.
in 2007-08 the total GDP of china is more than 3.1 trillion USD and India's GDP was more than 1.3 trillion USD.

but many economist argue that India is leading china only in terms of population.
Indian population are growing more than 2% p.a. but at some extent china government has controlled on their population.

i would like to take one recent example.
we know about worli - bandra sea link in mumbai. it took around 15 years to construct this bridge. but china constructed 4-5 bridge within same period. even Indian government and Chinese government used same technology. but as we know this happened just because of political factor and we understand at what extent it influence.

some strong points of china-
1. china is the [b]fourth largest economy [/b]in terms of GDP.
2. one of the major thing is their technology. they produce goods on ecommies of scale and theorfor their cost of production is very less compare to other developing country. and clearly we can see their impact on Indian market.
3. due to largest population country , availability of [b]cheap labour.[/b]
4. majority labour come under [b]organised sector[/b].
5. china is one of the [b]leading country[/b] in terms of [b]foreign direct investment[/b].
6.[b]rich reserve[/b] of natural resource like coal and mine.
7. largest [b]consumer base[/b] country.
8. [b]favorable government policy[/b].
9. in India largest people can speak in English compare to any other country in the world , but now chines government has understood their importance and they are concentrating on this issue. it can harm Indian BPO sector.
10. [b]manufacturing sector[/b] is this back bone of chines economy.


some weakness point of India:

1. although India also have cheap labour but majority worker come under unorganized sector .
2. indian population is growing year by year but their economy , employment and other resources are not growing proportionally.
3. always deficit in balance of payment because around 35 % imports are crude oil. it affect the indian creditworthiness.
4. Indian current account is convertible but capital account is not convertible so this create some restriction for financial institutional investor (FII) if they want to invest in India. and this FII very importance for any country because it creates capital inflow in domestic country.
5. every year indian government spent around 4% of GDP's fund on education. government has started many programme like mid day meal scheme and serva sikhsha abhiyan, but if we talk about quality developing countries like sri lanka, bangladesh and thailand beat india.
6. much fund has borrowed from international organization like world bank and IMF.
7. government are not stable , every five year their is equal chance for BJP party and congress party. if new government come in central they will change some policies which affect the FII and foreign direct investment.
8. according to world bank in India around 60% of population spend less than 20 Rupees a day.
9.around 20 to 22% of India's population live below the poverty line.


but still India is able to grow more than 9% p.a. and it comes after china. it is expected that by 2050 India and china this two country will replace USA, UK < japan and other developed countries because in India 60 % of population are cone under age group 15 to 50 years but if we talk about china majority people come 65+ years age group like wise in japan majority people come 70+ age group and it is expected that by 2050 japan's population will shrink to 94 million compare to 127 million in 2007


Brijesh Mishra
brijeshmishra49@gmail.com