People can argue until the cows come home, but for them,
predicting that India will be the next China or surpassing China is
just a fantasy cooked up by fertile minds. Several decades further down
the road may be a feasible fantasy, but then China could also not just
remain stagnant and by then already the No. 1 economic power in the
world with the BRICS global currency and settlement system well
entrenched for the rest of the world to adopt, free from impending
sanctions and subterfuge.
The Indians will think so that India
is the next China, and you better not throw spanners against their
castles in the air. The West will think so too, and they can flock to
India to help. Hopefully they do not flee from India when facing the
Indian system of predatory moves to take over their investments when
they succeed against local Indian ventures. The list of who and who that
got caught and clobbered in India are all top-notch investors from
various countries, like Apple, Foxconn, Xiaomi, BYD, DJI and now Samsung
and Netflix.
The Indian consumer market is too big to ignore
for most companies and they still want to be part of the Indian upcoming
miracle, despite the risks involved, hoping to harvest what they
experienced by emulating their ventures in China. But, on hindsight, it
will be a long bet, perhaps decades into the future for their dreams to
be fulfilled. There are so many obstacles to overcome today for India.
Massive
poverty eradication needs to be carried out first in order to produce
the consumers capable of having the buying power like those in China
today. This alone is a high mountain to climb, knowing that the mindset
of Indians is strongly resistant to change or even criticism. Just look
at the language issue in India alone, with no common language in place
to promote national policies and advancing agendas. China just did the
impossible by making Mandarin the common language adopted by all the 1.4
billion Chinese, with dialects still intact.
Infrastructure is
also lacking in India notwithstanding the Indian Government trying to
address this shortcoming. Without an adequate fast and efficient
transport system, manufacturing is going to face obstacles getting
supplies and moving finished goods out on time and according to
schedule. But like the high-speed rail, taking all the time in the world
to get it done is not a solution.
Skilled manpower for India to
move into manufacturing is still in short supply and training periods
are not just a matter of months. It takes years to reshape the education
policies of India that had been catering to the service sector, and a
game changer is really needed in order to turn out skilled engineers and
STEM graduates in large numbers instead.
Above all, the Indian
population is growing too fast for its economy to absorb the jobs needed
to lift people out of poverty. Nothing will work by putting the cart
before the horse. It may move backwards rather than forward.
Anonymous
6 comments:
The Indians would certainly not like bursting their balloon.
"Above all, the Indian population is growing too fast for its economy to absorb the jobs needed to lift people out of poverty." No worries, there are plenty of jobs in Sinkieland for the Indian to come & take up.
When is Modi going to recommend Singapore to be given the Nobel Prize for solving India's unemployment problem?
When Modi does that, CECA will be extended forever. Singapore can import all the people it needs to 20m or more. And more and more properties can be built and be sold. HDB flat can fetch $2m!
Our MRT system is already overloaded. Even during non-peak hours, trains are crowded. With 20 million population I think hanging on windows and sitting on top of trains may be allowed, LOL. So, do not worry. It is all mapped out.
Hi Anon 3.19
It's back to Cleoprata Saw's time aka Shrew and Screw Up ex CEO dresssed as Cleoptra Jones thinking she Empress.
Train 35 years old still in service ah?
35 damaged points and the maintenance crew sleeping ah?
Made so much profits and yet neglected maintenance?
As I said, these top brasses nothing happened, just auto pilots and napping.
When things happened they sebok here and there.
These Ministers of their respective ministries does not anticipate what's are incidents that are going to or be happening and have contingency plans to deal with them.
Just goes along and learn and cope and famous words We shall do better next time.
No eyes see.
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