Below is a really nice comparison of India and China. Where we stand in terms of population, income, industry and many other.
China started their family planning policy in 1970, India in 1952
In 2001 our birth rate was nearly 3 times more than China. 27 births per 1000 as against 8.8 for China! India is adding 18 million people per year, against 9 million per year in China. Total addition to population is a function of total births minus total deaths.
India’s per capita earning is US$440 per year against US$990 per year in China
As per the World Bank, the poverty line definition is US$1 per person per day or US$365/person/year, for underdeveloped countries like India, China etc. As per the official data from both governments, China has 3% population below the poverty line, compared to India’s 26 to 29%! Only better governance can help.
China attracts 87 million tourists per year (this is expected to reach 90 million in 2002) against 2.5 million per year to India.
The international Tourism Industry is [7 times the size of I.T. or software] about, US$3700 billion per year. India, in spite of its old history and 21 cultures and languages, seems to have ‘missed the bus’, in Tourism. Tourism is a very big employment generator. It is estimated that every one tourist generates 2 to 4 jobs. Tourism promotes International trade and understanding.
How will we provide additional 10 million jobs per year?
The Public Sector and State/Central Government, which is already overstaffed, has a total of 18.7 million employees, therefore offers very little scope for new employment. We have to look outside the government for new employment. The unorganized sector and the SME’s (SSI is not SME) offer the maximum scope for employment, like in all other countries of the world, including China. SME’s account for nearly 75% of employment and 80% of trainees!
The Government can only facilitate jobs; they cannot provide jobs for the 300 million partly or fully unemployed in India!
At 10 million jobs per year it will take us 30 years to remove unemployment, at 5 million jobs for year it will take us 60 years! The present Indian ‘mind set’ will require rethinking and reorganization of the existing perceptions about Public Sector enterprises, and the actual role they are supposed to play! Only efficient organizations can deliver results and growth. Only better governance and efficient administration can deliver results!
In Foreign Direct investment, FDI, China + Hong Kong received US$106 billion last year [US$70billion from NRC's] vs US$3.6 billion [US$0.2b from NRI's] for India! Only better Governance can attract FDI and Tourists. In exports, China is nearly +700% of India
Taking the exports of Hong Kong + Macau into account, China’s exports would be +1000% of India! China’s GDP is 50% in manufacturing or $ 650 billion per year. India’s GDP is 25% in manufacturing or $110 billion per year. China’s manufacturing base is nearly 6 times of India’s.
[Click here to read more comparison]