Friday, January 2, 2009

India Over China as the Next Rising Power

I've always thought democratic, and property rights respecting India was poised to be the biggest challenger to the USA as the #1 economic power in the world.

China with its flimsy autocratic government, and disastrous male vs. female demographic will not hold up.

The ballgame is over for Japan with a national debt of 180% to GDP. It is going to be a third world country. (Debts are a bad thing, take note USA.)

Here's an article from the New York Times about the rise of India:

The global financial crisis has definitely affected India’s growth, and it will be down to perhaps 7 percent this year from 8.7 percent in 2007. According to my friend, China is hurting even more. What really perplexes the Chinese, he said, is that scores of nations have engaged in the same sorts of economic reforms as India, so why is it that it’s the Indian economy that has become the developing world’s second best? The speed with which India is creating world-class companies is also a shock to the Chinese, whose corporate structure is based on state-owned and foreign companies.


  1. India`s corruption level will act as a long term brake on their progress. They also have a slave class the untouchables, that no one talks about.
    Even today, people still have to make bribes just to get a telephone hook up.

  2. Yeah, no doubt there is a lot of work to do. But with a billion odd people and increasing educated and middle class, I can't see it going anywhere but up.

  3. This comment has been removed by a blog administrator.

  4. This comment has been removed by a blog administrator.