COPING WITH CHINA

Based on a discussion at Doon University

 

Coping with china is one of the major issues for Indian economy. The question which arises is “Is it possible for India to cope up with china? If we compare the economies of both the countries, one can conclude the answer “NO”. India is amongst the fastest growing economy of the world, while china is growing with the “Accelerated Growth Rate”. Few say that the economy of china is “Artificial” while others comment on its development that it is a socialist country.

                If we compare the quality life of citizens for both countries, then according to me the life of Indians is much better than that of citizens of china. Although the HDI ranking of china is 81 while than that of India is much below which is 128.

                Political parties claim that India has a healthy relation with china. But sometimes “I wonder is it true”. China is going competition to every sector of Indian Economy. It is because of china that the small scale industries are getting closed down. In 2004 the major part of GDP was constituted by small-scale industries.

                China is making very friendly relation with our neighbor countries but not with us, this is the practical situation. If it is making good relation with Pakistan by building its airbase. China is making defense base in Nepal, Burma, Sri Lanka and Bangladesh. If we closely look to there move we can easily say that china wants to surround us from everywhere.

                India does not have defense strategy and it is ignoring the fact the china can attack. I think India has forgotten the attack of china in 1962, then prime minister Pt. Jawaharlal Nehru also claimed that we have very good relation with china.

                If we further look into the china we still remember the “Red Square Incident”, where around ten thousand people were crushed because they were protesting against the government. The country which is not taking care of its own citizens. Indian government expects that they would help them in the growth of the economy.

                The formal relation of both the countries is very strong, I agree of with this viewpoint but looking into the practical aspect I don’t agree. There is a famous saying that “China does not respect weak neighbors” and the history of china gives the example of this.

                Now if we talk about the comparison of the two economies then a famous economist of America has predicted that the GDP of china in 2040 would contribute to 40% of world GDP while that of India would be 17%. China is an Industrialised country wile India is agricultural country. China is considered as the global innovator, while has not innovated in last 2 decades. If we compare the Human Resource of both countries then the labour of both countries are cheap but the difference comes only that china has trained labour while India has unskilled labour.

                The problems faced by both countries are same poverty, population, illiterate dependency but still china is much ahead of India. It is of great concern that would it be possible for India to cope with china in the coming decade.