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Strategies & Market Trends : India Coffee House -- Ignore unavailable to you. Want to Upgrade?

To: JPR who wrote (8119)	10/11/1999 9:12:00 PM
From: sea_biscuit	Read Replies (1) \| Respond to of 12475

"India has a long way to go before catching up with China" rediff.com Excerpts [numbering and emphases mine] : According to the World Development Report 1999-2000 of the World Bank, China's gross national product was US $ 929 billion in 1998. China's economy is more than twice the size of the Indian economy (GNP: $421 billion). China's purchasing power parity (adjusted per capita income) of $ 3,220 per annum is much higher than India?s $ 1,770. Moreover, in China, 91 per cent of the adult male population and 75 per cent of the adult female population is literate against 67 per cent of males and 39 per cent of females in India. Regretably, half a century after both of the world?s most populous nations entered the global development race, on almost every index of national development, China is leagues ahead of India. (1) Percentage of population below national poverty line: China six per cent, India 35 per cent; (2) per capita commercial energy (kg of oil equivalent) use: China 902, India 476; (3) merchandise exports (1997): China $183 billion, India $ 33 billion; (4) foreign direct investment (1997): China $44 billion, India $3.3 billion; (5) gross international reserves (1998): China $ 153 billion, India $ 31 billion. ... Yet the pathetic living conditions and lifestyles of the great majority of the people of India -- (1) 84 per cent of the population does not have access to sanitation facilities; (2) 150 million people do not have access to safe water; (3) 53 per cent of children under the age of five suffer malnutrition -- also indicate that post-Independence India may well be a sham democracy and that the personal and electoral freedom its people enjoy are illusory. The fundamental prerequisite of an effective democracy is that its people should have the living conditions which enable them to enjoy the personal freedoms which the system confers upon citizens.