Monday, July 2, 2012

India versus China

India is a democracy. It does not have a ponzi / mafia political party which focuses on looting the nation. Check out the number of billionaires in the Communist Party of China. Patents are relatively much safer in India. The press is free and vibrant. There is no "mad" overcapacity in anything like empty/ ghost buildings/ cities and the like. The Indian judiciary is slow but generally very fair. India does not have problems associated with the one child policy. Air pollution in Indian cities is probably lower. Most importantly- the fundamentals of the Indian economy in few ways are better than the Chinese. India does not control its currency artificially. There are fewer Indians trying to run out of India than Chinese trying to run out of China. Infact most Indians can take foreign currency outside the country upto a limit. But few Indians do it. Most Chinese will smuggle their moneys out buying fancy properties in Mayfair/ Kensington in London. India has a long way to go..... inspite of the government (if you know what I mean).

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