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Indian elite:India is too far behind China to ever catch
up?
Frank April 2 2017
in Waterloo, Canada
For great many years, Western has been
misjudging about India and China; they believe that democracy will
make India to prosperity; one-party dictatorship will make China to collapse,
but the facts have been developing far and far opposite the assertion.
It was just the populist democracy in killing
India.
Needless to say anything else, just the
superstition of viewing cattle as sacred and let them filled the streets in
casually running, casually urinating and defecating, with badly influencing
environmental hygiene and public transport.
Such a simple ignorance cannot stop, is India a
civilized human society?
In the economic development, India is as slow as
a Tortosie, but China is as fast as a Hare. India is too far behind China to
ever catch up?
Such view is from the Book The Amazing Race Between China's Hare and India's Tortoise.
The author is Indian entreprenour
Mr. Raghav Bahl who is founder and editor of Network18, India s largest
television news and business network which is home to CNN and CNBC in the
country and also publishes Forbes India. He has been instrumental in crafting
successful joint ventures with such media giants as NBC Universal, Viacom, Time
Warner and Forbes.
Bahl won the prestigious Sanskriti Award for
journalism in 1994, was hailed as a Global Leader of Tomorrow by the World
Economic Forum and selected by Ernst & Young as Entrepreneur of the Year
for Business Transformation in 2007.
The Amazing Race Between China's Hare and India's Tortoise is
his first book.
Only truly sober and rational man can make a
proper reasoning to reach a pragmatic judgment.
Please see how mentally handicapped of the
Indian legislator is: Shiv Sena MP Ravindra Gaikwad assaults Air India employee.
It was that democracy made a chance for such mentally handicapped to grab
policymaking position to form a government in hemiplegic.
The hope is not in democracy, but in
non-partisan dictatorship, the hope at let non-partisan professional social
elite as that of Mr. Raghav Bahl to form a national leadership.
The Amazing Race Between China's Hare and India's
Tortoise
by Raghav Bahl (Author)
About the Author: Raghav Bahl is founder
and editor of Network18, India s largest television news and business network
which is home to CNN and CNBC in the country and also publishes Forbes India.
He has been instrumental in crafting successful joint ventures with such media
giants as NBC Universal, Viacom, Time Warner and Forbes. Bahl won the
prestigious Sanskriti Award for journalism in 1994, was hailed as a Global
Leader of Tomorrow by the World Economic Forum and selected by Ernst &
Young as Entrepreneur of the Year for Business Transformation in 2007. This is
his first book. --This text refers to an alternate Hardcover edition.
https://www.amazon.com/Superpower-Amazing-Between-Chinas-Tortoise/dp/1591843960
Is
India ready for superpower status or too far behind China to ever catch
up?
In
his career as one of India's leading journalists and entrepreneurs, Raghav Bahl
has often faced this question, and many others, from bewildered visitors:
* Why are Indian regulations so weak and confusing?
* Why is your foreign investment policy so restrictive?
* How come your hotels are world class, but the roads leading to them are so
potholed?
* Why don't you lower your voice when you make fun of your politicians?
* Why do you control the price of oil and cable TV?
Clearly there's a huge difference in how India and its arch-rival China work on
the ground. China is spectacularly effective in building infrastructure and is
now reinvesting almost half its GDP. Meanwhile, India is still a
"promising" economy: more than half its GDP is consumed by its
billion-plus people, yet India has some unique advantages: Half its population
is under twenty-five, giving it a strong demographic edge; 350 million Indians
understand English, making it the largest English-speaking country in the
world; and it's the world's largest democracy.
In the race to superpower status, who is more likely to win: China's hare or
India's tortoise? Bahl argues that the winner might not be determined by who is
investing more and growing faster today but by something more intangible: who
has superior innovative skills and more entrepreneurial savvy.
He notes that China and India were both quick to recover from the financial
crisis, but China's rebound was accompanied by huge debt and deflation, with
weak demand. India's turnaround was sturdier, with lower debt and modest
inflation. So India's GDP grew twice as fast as China's for a few quarters-the
first time that had happened in nearly three decades. And in contrast to
China's Yuan, which is pummeled for being artificially undervalued, India's
rupee largely floats against world currencies. In the end, it might come down
to one deciding factor: can India fix its governance before China repairs its
politics?
With insights into the two countries' histories, politics, economies and
cultures, this is a well-written, fully documented, comprehensive account of
the race to become the next global superpower. For anyone looking to understand
China, India and the future of the world economy, this is the book to read.
Editorial Reviews
From Publishers
Weekly
Bahl, founder and managing director of India's
largest TV news network, compares the superpower prospects of India and China
in this meticulously researched but unevenly written study. Contrasting their
foreign and domestic policies, cultures, and geographies, Bahl measures their
potential for economic growth. Though China doubles its economy every eight
years and "spends billion every day to develop world class infrastructure,"
India has its own advantages: it is the world's largest democracy, 350 million
of its people speak English, half its population is under 25, and it boasts a
"robust judicial system." Furthermore, India impressed the world with
its resilience to the global economic crisis, rebounding with modest inflation,
while China experienced deflation and a huge debt. But Bahl warns that India's
dithering government could obstruct its potential, lamenting its failure to
improve India's crumbling infrastructure while China's "democratic
dictatorship" could stymie growth by discouraging innovation. Though the
book offers valuable insights into the motivations of the world's two most
populous countries, it could have been more tightly edited to eliminate repetition,
clichés, and some awkward--occasionally bombastic--phrasing ("India's
macroeconomics was beginning to allure"). (Nov.) (c)
Copyright ? Reed Business Information, a division of Reed Elsevier Inc. All
rights reserved.
From Booklist
While his book’s title is posed as a question,
Bahl, who credits himself with helping to bring such American media brands as
CNBC, CNN, MTV, and Forbes into India, is clearly arguing India’s case as a
superpower counterpart to its “non-identical twin,” China. Bahl openly admires
China’s white-hot pace of development and its seemingly unlimited financial
reserves, but he points to India’s resilient democratic institutions, its
relatively young population (median age: 25.3), and its fiscal prudence in
resisting the economic forces that ultimately devastated so many of the world’s
economies in September 2008. Bahl’s cheerleading for India can wear thin, and
he does not address such mitigating issues as India’s conflict with Pakistan
and the possible environmental damage of a more developed India. Still, his
book will clear up a lot of misperceptions about the nature of his country’s
socioeconomic path. --Alan Moores
Review
"A unique and gripping account of the
evolving geopolitics and the role of India and China in a transformational
shift."
-Anand Sharma, Minister of Commerce and Industry, Government of India
"Raghav Bahl's colorful, engaging book does his reader two invaluable
services: It moves well beyond conventional wisdom to provide an insider's view
of India's political complexities and reveals just how different China and
India truly are."
-Ian Bremmer, president, Eurasia Group, and author of The End of the
Free Market
"With great flair and a keen editor's eye, Raghav Bahl tackles the first
great question of the twenty-first century-who will lose the race to become the
world's next superpower?"
-David M. Smick, author of The World Is Curved: Hidden Dangers to the
Global Economy
Superpower? The Amazing Race Between China's Hare And
India's Tortoise by Raghav B
THE ARRIVAL of a new superpower changes
everything in history.
By DIANA RILEY
PUBLISHED: 00:00,
Sun, Nov 14, 2010
In the late 19th century, it was Germany which
challenged a world order where Britannia ruled the waves. Two world wars
followed. In the early 21st, we have reached a similar juncture.
The United States still has the guns but its
economic muscle is gone. What superpower will take its place?
Most commentators have put their money on China.
In this book, Bahl considers whether to bet on India instead.
The result is a clever and illuminating
comparison of the strengths and weaknesses of two emerging powers and their
radically different strategies of growth.
Until the 2008 world financial crisis, India's
potential was largely underrated. It got a "B+ grade", in Bahl's
words: "A good guy to have around the household but you wouldn't bet on
him".
Bahl becomes
optimistic about China's prospects
The crash of Lehman Brothers changed all that.
While the West ended up on life support, India barely sneezed. Sound banking
and IT services gave it immunity and vigour. The world started to take a more
generous view.
With his heavy mix of poker language and a
Chinese hare who is always "on steroids", Bahl will not win a
literary prize but then he does not need to.
An Indian media-mogul, he knows what he is
talking about and puts matters squarely. Rather than simply replacing one Asian
giant for another, he has done something more interesting. He gives us a health
check of all the vital organs of China and India. India has a strong base of
enterprising businessmen but is hampered by a "dysfunctional" state.
Slow trains are the result.
Meanwhile the Chinese state just gets things
done, putting super-fast, air-conditioned trains on the tracks. The
Commonwealth Games is no match for the Beijing Olympics.
Bahl becomes optimistic about China's prospects.
Democratic institutions, he concludes, are not half as crucial for growth as
many liberals think.
One attractive feature of the book is that it
resists a one-sizefits-all model. China, he argues, is investing on a scale
that could defy the standard model, a bit like "putting extra fuel into a
rocket".
Over time, pouring money into infrastructure
might trickle down to ordinary consumers.
Perhaps this is a bit too optimistic. There is
little sign that China is moving upstream producing high quality products.
Productivity remains low. Some experts even
think its double-digit growth figures are an illusion.
China is also now one of the most unequal
societies on earth.
One reason for the relative stability is that
most people remember the misery and terror of the cultural revolution under
Mao. Everything is better than that but what will happen once that painful
memory recedes into the past and new generations of Chinese experience low
wages, no health care and no pension while party bosses and speculators enrich
themselves?
In 1962 India and China were at war. Thirty
years later they signed a "no war pact". For now, relations are
relatively peaceful, but, as the author notes, the love-hate relationship has a
habit of swinging towards the hate side.
China looks down on India as soft and
uncivilised.
Meanwhile, India has not formally recognised
China's control of Tibet. China's huge thirst for materials and the ecological
repercussions of the Himalayas' shrinking glacier that affect both countries
create new flashpoints of potential conflict.
A century ago, the rise of Germany (not a full
democracy either) set in train a catastrophe that changed the course of modern
history: the First World War.
Whether China and India will both be able to
manage growth without aggression is the big test today.
Anyone concerned about the new world order our
children will inherit will find plenty to think about in this stimulating,
accessible book.
Frank Trentmann is Professor of History at
Birkbeck College, University of London.
Portfolio Penguin, ?20
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