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Sunday, April 10, 2005
Law and order
Gurcharan Das on India and China:
Read the full thing.
Ten years ago, I used to either admire or fear China. Now, I am more relaxed. Both our economies are among the world's fastest, and both are on the verge of solving their age-old economic problem. China's success is induced by the government whereas India's achievement is due to its private economy. For 25 years China has been growing at 8 per cent and India at 6 per cent; hence, China is now 20 years ahead, thanks to a purposive state that has reformed faster and invested in infrastructure. We may have 'law' but they have 'order'.
Read the full thing.
