It is increasingly believed that few years down the line from now, India will overtake China to become the most populous country in the world. Two things that distinctly differentiate China from India are the massive build up of infrastructure and introduction of reforms in vital sectors of economy. In quite contrast, the state of infrastructure in India is pathetic, lopsided and reforms initiated in the early nineties have slowed down considerably. There is a complete lack of political will and almost always the political expediency takes the better of economic priorities. While India should make conscious efforts towards building infrastructure in a consistent and balanced manner through the Public Private Partnership model by ensuring adequate funding, it should also lay relentless focus on human resources management and development as it forms an intellectual capital for development. This is a big and an automatic advantage available for India to utilise and tap the opportunities and convert them to growth and welfare of the country and its people. India should also simultaneously intensify the reforms process suited to its local needs to reap the fruits arising out of it.
Srinivasan Umashankar, Nagpur
The dragon needs balance
Apropos of the edit ‘China Reboot’ (FE, November, 11), China needs to transition from being an export-led economy to a consumption-oriented one. Will the outcome of the current Plenum help China to strike a balance between current policies and much-needed reforms?
NR Nagarajan, Sivakasi