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I keep reading that our competitor is China. Kamal Nath, the honourable Montek Singh and others in every meeting keep repeating India's success stories. But they never really bother to look into the challenges faced by the small industries. We all know that small industries (SMEs as a sector) happens to be the backbone of the economy, but what are the authorities doing to help them? Nothing I would say. I have a supplier in Kanpur, who is unable to meet any deadlines. Every time I call him he says the delivery of the consignment will be delayed. The reason — power shortage. Infrastructure in any form in the country is still the same as it was decades back.
Interestingly, the market here in the North-eastern part of the country is flooded with cheap Chinese goods. Both the state and the central govts know about this menace but are doing nothing. And they expect us to do well. Unless we have a proper infrastructure I think we should not talk about competing with any nation.
Free Member, Joined :02/02/2007
No of Topics Posted : 122
Reply/Comments : 16
Well what you mentioned is right in most senses but still I still see a ray of light in the sense that India certainly has the potential to be a competitor to China. India is the largest Manufacturing base after China & no doubt the 2nd position holder always looks at the top position holder as his competitor & vice versa. Also if you look today all major countries of West i.e. USA, EU & far east giants work towards building good relations with India as they understand good relations with India is key to good & quality products & their desire is testimony to the fact that India is very well poised on the global front. Its noteworthy for policy makers to see that India's relations with each of these giants on all fronts is maintained in the manner so that it does not affect any other front with any adversity. If you look at the above than I feel India's foreign Policy is a success as well & if worked properly can make India what we all want it to be. I feel its matter of application & good calculative steps on behalf of Indian think tank- hope they reading.
Free Member, Joined :12/24/2002
No of Topics Posted : 3
Reply/Comments : 3
I beg to differ with your views. No one will deny that infrastructure remains the biggest single obstacle. Erratic electricity supplies, poor roads, and grid locked seaports and airports while contending with government policies hold back domestic demand for goods in many sectors. I will also give you certain stats: With the exception of telecommunications, the cost of most infrastructure services is 50-100 percent higher than in China, with Indian manufacturers paying twice as much for electricity and three times as much for rail freight. The gap is widening, too. China spends seven times as much as India on infrastructure. India’s cash-strapped state and central governments are unlikely to be able to develop infrastructure up to Chinese standards any time soon, especially as politicians prefer to spray their limited resources at voters in the form of subsidies rather than invest in construction projects with a longer pay-back. Even on supply front India is facing so many problems.
Free Member, Joined :02/02/2007
No of Topics Posted : 122
Reply/Comments : 16
One of the smartest thing they do is import raw material add value to it and export finished products.Government has put export taxes on lot of raw materials while India exports a lot of raw material.If u study India exports to China u will see how much raw material we send them.
Who is smarter China or India?
Free Member, Joined :11/15/2001
No of Topics Posted : 1
Reply/Comments : 8
Some facts before we talk about competition.
China has foreign exchange reserves of 1 trillion $ India has 200 billion.
India export was 120 billion this year next year target 160 billion.
China exports per month is over 90 billion,in may 2007 it was 94 billion.
Where is the competition
Free Member, Joined :01/18/2002
No of Topics Posted : 0
Reply/Comments : 6
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