The trade deficit between India and China actually is not that different from the trade deficits the chinese have with US, Brazil or Russia. But what makes worse for India is lack of mature infrastructure which directly effects the manufacturing potential. Corruption, govt interferance etc are present in china as well.So i dont think those are the main factors, although their effect will also be felt. India's achille's heel has always been infrastructure.The demand for goods and services are rising, the middle class is rising but the facilities remain the same. Its this inability to cope up with the rising demand which lead to the power outbreak last week.While china overspends on infrastructure to the point that some of them become loss making ventures and no one uses them, India is on the other extreme where the existing infrastructure is inadequate for the rising demand.
whatever pipedream the chinese are living in, with respect to infrstructure (which is what i was talking about), India does not need to 'close the gap' with china. The chinese are overdoing it with many of them becoming loss making ventures. Even if India does half of what china has done in infrastructure, it will have the desired effect .India's return on investment is more than china's with less wastage.
"China has a lot of potential too; when under Western leadership. Just ask Jackie Chan!"
Don't embarrass yourself, even when in western leadership India failed to achieve anything, truly shows how incompetent you guys are. Singapore, another perfect example of Chinese potential when giving the right ingredients to develop. China a communist government, with its citizens facing all the disadvantages still manage to surpass and live better than the "democratic" India. The day when China becomes democratic the world is ours.
First, that comment is not made by an Indian.
Second,You are using Singapore an example of Chinese potential, seriously lol ! Singapore has one of the largest concentrations of Indians as well ! Its like Indians using Maiuritius as an example of Indian potential or the Indian dispora in the west as an example. I dont understand why the chinese at the drop of the hat talk about 'potential'. Both Indian and Chinese have 'potenthial' (what ever it is supposed to mean).One only needs to look at their diasporas.
Singapore's success is because of the Chinese with a tiny portion to the indians...Lol, some stupid indians are taking credit where it's not due. if you want to take credit, you should try bangledish, pakistan, sri lanka....lol