Next Super Country Is India, Not China?

The Gdp in China was only the 2/3 of the Gdp in India in 1978, but now it is 70%~80% higher than India, so many habitancy say China makes magic economy, but India doesn't. But the others adopt opposite opinion.

1. Comparing the two countries, it is not spoton only consider the economic improvement in the past ten years or twenty years. In fact, agreeing to the consequent on the community and economy from financial development, India has more potential developing space than China. The thrifty improvement in China while the last ten years are generally depends on the cheap labor force. They supply manufacturing commerce and linked assistance to other countries, like making shoes, clothes, toys and so on. So the behalf is limited. So China should heighten its technology power as well as its assistance commerce to get more profit, otherwise, it is not easy for China to surpasses India.

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2. Finance and securities commerce in India is more advanced than it in China and the economic law in India provides more chances to entrepreneur. In China, 99% young habitancy work for others. But the situation in India is much better. So how to heighten Finance and securities commerce is very crucial for China at this moment.

3. Global capital is flow direct to India actively. In today's global economic situation, cheap labor is not so competitive. The country's law is the key factor. Other countries think India has more free system, which is free on news, laws and more democratic. So they are more likely to invest in India than in China.

In fact, as I know, China has improved a lot on economy and technology. More and more foreigners know China and would like to invest in China after the Olympic Games and world expo.

Next Super Country Is India, Not China?

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