Those four articles

A few days back I read an article at Rediff, that said China won the economic battle over India at Davos. Having read more China Vs India reviews by various experts, where while comparing the neighbours most of them put China ahead (Except for hardcore patriotic Indi-economists or Francois Gautier or Thomas Freidman of NY times) I was surprised to find these 4 recently written articles forwarded thru one of my friend which talks hightly of India. Just thought of sharing with others. And the important thing to be noted is it did'nt come out from predicted set of Authors.

Article 1.

Written by Professor Yasheng Huang of MIT Sloan School of Management, who himself is of Chinese origin writes on China, in an article titled, "China could learnfrom India's slow and quiet rise" in the FINANCIAL TIMES. Click on the title link to read the complete article.

I personally liked the following quotes on this article as this also vindicates my stand that Privatisation does increase the efficiency.

***India's GDP growth rate at 7-8 per cent is more impressive than than China's9-10 per cent because India is achieving this result with just half of China'slevel of domestic investment in new factories and equipment, and only 10 percent of China's foreign direct investment. The evidence is as clear as ever:China's growth stems from massive accumulation of resources, while India'sgrowth comes from increasing efficiency.***

***An economic litmus test is not whether a country can attract a lot of FDIbut whether it has a business environment that nurtures entrepreneurship,supports healthy competition and is relatively free of heavy handedpolitical intervention. In this regard, India has done a better job thanChina. From India emerged a group of world-class companies ranging fromInfosys in software, Ranbaxy in pharmaceuticals, Bajaj Auto in automobilecomponents and Mahindra in car assembly. This did not happen by accident.***

Article 2.

In an article titled, "In India-China Race My Money Is on India" in BLOOMBERG.COM dated January 30, 2006, columnist William Pesek Jr. writes more or less similar to Article #1. But one point is debatable when he says

***Economists are also noticing that India'seconomy is looking less like those in East Asia and more like those in the West.***

Well IMHO India I think is still not yet at the height of capitalism as seen on West forvarious reasons. And I believe our economy is unique and we are somewhere between captialism and socialism now, probably leaning towards capitalism.

To read the complete article click here.

Article 3.

Third, an article by Salil Tripathi in THE GUARDIAN dated January 27, 2006titled "Merging Markets."

I personally liked the referece to Nobel laureate Amartya Sen's - "The Argumentative Indian"

For more on his article click here.

Article 4.

Anand Giridharadas in THE INTERNATIONAL HERALD TRIBUNE dated January 26, 2006, titled, "China vs. India: A battle of ideas.".

Quality not up to the standards of previous 3 articles. It's more of an Patriotic Indian viewleaning towards India. Visit here to read more of this article.

And finally The Action.

All said and done, enough of predictions for now. Here comes the Action part. An ambitious Anti-poverty drive from the Government of India. Hope it succeeds. Good luck India!!!