Posted on: 05-11-03 11:45:42
This was published sometime back, check it out.
http://www.foreignpolicy.com/story/story.php?storyID=13774&PHPSESSID=4f72948854859ea87feb9974fa45e6bd" target="_blank">http://www.foreignpolicy.com/story/story.php?storyID=13774&PHPSESSID=4f72948854859ea87feb9974fa45e6bd
Shibu
The article seems to be well balanced and having in depth study of both approaches.
Even after opening its walls since last two decades, even today we wonder how can we get all those stuff in just $1? If we get at $1 then in china its manufacturing cost might be 10 cents, so say Rs. 3.
This is not possible without exploitation or without government interventions.
On the other hand we have seen India. Though we have problems, the way we allow people to grow businesswise, it seems that we are ready for becoming superpower.
Notably the article was written by one Chinese and one India - it has to be balanced, but interestingly it has praised India more.
Let us see when can we beome superpower?
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A Proud Indian Canadian
As If our prime minister is replying this question:
http://news.ft.com/servlet/ContentServer?pagename=FT.com/StoryFT/FullStory&c=StoryFT&cid=1066565678810
I like following words from him:
Quote:
We have sought to implement our economic liberalisation with public accountability and a social conscience. This makes our reforms more enduring and stable. Our approach is vindicated by the fact that among the countries which liberalised their economies in the early 1990s, India alone moved to a higher growth trajectory without an interim period of recession
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A Proud Indian Canadian
This is eyeopener from Narayana Murthy
http://ushome.rediff.com/money/2003/nov/07murthy.htm
Quote:
N R Narayana Murthy, Chairman, Infosys Technologies, said on Friday that China would overtake India in the software sector in next five years only if "we did nothing."
He also lauded China's leap forward in the economic and social sectors.
"I believe that if India did nothing to consolidate its position and go into the next orbit, probably -- in about five years -- China would overtake us," Murthy said in Beijing on the sidelines of the World Economic Forum China Business Summit 2003.
"But then, this is one area where I find that there is a sense of confidence in India, there is a sense of openness to learn from China and to compete with China," Murthy, who also chaired an interactive session on 'Technology and Communications: Building the knowledge economy in China,' said.
Since there is a sense of confidence and sense of openness among India's software industry, Murthy said he believed that Indian companies would continue to create their own competitive advantages over China which is attempting to overtake India in the software sector.
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A Proud Indian Canadian
