WILL INDIA EMULATE CHINA?
India Attracts Attention
Though China has attracted so much attention from investors because it has had the fastest growing economy – and the fastest growing cable market – in the world over the last ten years or more, India has also begun to look interesting, as the growth rate of the Indian economy over the last three years has surged ahead. Though growth rates in India are not quite as high as China’s, they are higher than in most other countries.
Both India and China have very large populations, and both countries have started from a position of having economies in which average incomes are low and basic agriculture is the dominant occupation. Comparisons between China and India are relevant, as many commentators suggest that India may be able in future to emulate the high and consistent economic growth that has been achieved by China. In view of the parallels between India and China, this article includes some comparisons between the two countries, where these comparisons provide insight into India’s potential for development.