The great economic race!

 INDIA & CHINA – The Economic Race

China is a 15 trillion dollar economy, but why isn’t India?? 

Improfane Econ!

Factors:

1.Education:

China: China’s Academic Talent Search Programmes. The Best and the Brightest are identified - and fully sponsored for education. No Minorities or Majorities.

India:  69% Seats in Engineering Colleges and Medical Colleges are reserved based on Community and Caste.

The Best Talents find themselves abandoned by their Own Governments – Doesn’t matter if it’s Indira Gandhi or Rajiv Gandhi or MMS or Vajpayee or Narendra Modi.

In 2020 - In 8 States - only 0.9% of Doctors came from the Forward Castes and only 9.3% Engineers.

China: 80% of students who did their Masters abroad return home within 15 years to China to serve their Government Contracts in their respective fields.

They are offered many benefits - Fewer Taxes, More incentives, etc.

India: Less than 7% of Students return home to India after 15 years. Sure they’ll do all this flag-waving and chanting nonsense but ask them to come home and they will flee before you can say the word “Ghar Wapsi”.

 The reason is “there’s nothing for them in India”. Zero Opportunities except for a lot of wind and gas from various ministers “We will do this by 2020…..2030, etc”.

2.The Government & Entrepreneurship: 

China: Chinese government invests $ 70 Billion annually in Innovation and Technopreneurships - the result of which is a plethora of advanced patents in China from 2010.

India: India’s contribution: Negligible Tax Incentives, Negligible Benefits but enough talk to fill 10 newspapers for 10 years.

The result is most of our entrepreneurs are Hair Cutting Saloon owners rather than owners of Intellectual Technology or Property.

Our Government contributes Rs. 100 Crores for Entrepreneurs, but do you know how much the Government contributes to Horses for Army playing Polo for the Cavalry? Rs. 76 Crores a year.

3.Resource & Development:

China: The Total R & D Investment by China is a whopping - $ 317 Billion annually or nearly 2.15% of the GDP.

India: With good students straining to run away abroad - the researchers left are of mediocre quality in general.

India spends $ 26 Billion or 0.85% of the GDP on R & D which is around 1.59% of the Worlds R & D Budget. In 2015 - India spent $ 36 Billion and this has fallen sharply over the last 5 years.

Out of this 96.2% of the money is spent by Foreign Companies while only 3.8% is spent by Indian Companies.

China: They have begun investing heavily in Metallurgy and Titanium Alloy Processes and Carbon Fibre Processes.

These Industries generate employment for 36 Million Chinese combined.

India: 70 Years of Independence, British Legacy, Big Industries already available - Yet even to this day - we import almost 80% of our advanced armaments.

CONCLUSION:

• The Chinese are One Nation. We are a Divided Nation. They want China to achieve supremacy - we want our Community, our Caste, our Religion, and our State before focussing on our Country.

• China lies all the time about political things but is blatantly truthful about everything else. They never ever heap praises on mediocre talent, not even on top talent.

We praise the most mediocre of mediocre. We are the best at this. IIT Delhi develops a cure for cancer. Anand Mahindra develops a 7500-rupee Ventilator. Drone Pratap flew 600 Drones from Waste. 

That is why they are at 15 Trillion and we are at 2.87 Trillion despite at one point of time in 1931 - We were ahead of them and in 1957 we were almost on par with them and even in 1977- we were nearly 75% of their level compared to barely 17% today.

Blog by Samhith

Improfane India