Differences between chinise and indian thinking??

India is surely not lacking in resources and the democratic system of governance in our country is far better suited to economic progress than a communist system which I personally feels stifles development. however we do need to make some changes in our approach towards business like modeling our SEZ( special economic zone) policy like that of China, that is fewer but larger SEZs like Shengzen instead of around 63 that are currently in our country. studies by noted economist Bimal Jalan point that corruption was responsible for the fact that our growth rate in some years was 6% instead of the 8% which was achievable. brain drain might be another factor responsible.

The difference between India and China is down to infrastructure. Without good roads you can't get your good to market. I read an article that said that most of India's rural agriculture produce simply doesn't get to the cities to be sold because of poor roads. If you look at the history of Europe and the USA, the economy leaps ahead only after there is a huge road-building program (in the USA this was done by Eisenhower, who spent a lot of tax money on it, and arguably this was the best use of tax money in US history as it is still helping the economy today). Once you sort out your infrastructure, you will probably leap ahead of China, as you are an open democracy where entrepreneurs can flourish, and property rights are respected. But in order for you to put the infrastructure in place, you need to pay your taxes. Your government is hindered by people not paying tax which means they can't afford to build the roads.

I think India is only just now starting to harness its human abilities and to have the cash to do that. Nobody could accuse India of being uncompetitive. India has begun to shake off the the massive burden of history. In the last decade or so a lot of progress has been made, and India is now a very credible economic force. There's a lot to be done yet, obviously, but there's also a lot of proof it can now be done. Also remember that China has been developing at a phenomenal speed, and that a lot of foreign capital and joint ventures have contributed to their success. India has had to deal with its own issues without that level of assistance, and certainly without that vast amount of capital being poured into the economy. A lot can be done by developing local products and technology. I think India should start developing its own products so it can compete and own its resources of technology, as well as industrial goods, services, etc. To do that, all you need to do is train the people. From what I've seen they won't need much persuading.