Chindia's Century...
There is lot of excitement generated on the eve of the 4 day visit of Chinese President Hu Jintao to India. The reasons are not difficult to guess.
Both are growing at fast pace and emerging as economic superpowers, albeit China is far ahead of India in terms of infrastructure, agriculture, manufacturing, foreign trade, while India scores over in terms of service industry, relatively large English- speaking population and long term 'demogarphic' advantage. The success of these two economies will determine not only the success in eliminating world poverty but also the growth rate of the world economy as a whole.
Both are scouring earth in serach of natural resources to keep growth process alive, in the process creating new political alignments. Many view both these countries as competitors.
But one thing is sure: these are going to be the stars of this century, reminding one of the history, when India and China were the largest economies on the planet.

1 Comments:
Well, let's hope there isn't a war awaiting them.
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