China vs. India

Father says...
 
 

>may be because of tibet issue.

Sorry, but the trend has been like that even before Tibet. There are
more reforms, more changes, more spending (at least by a factor of
ten) on Chinese infrastructure, and the Chinese economy is still
growing, and growing faster than India's.

>of late businessw is extremely >negative of China with articles
>suggesting that china is no longer >preferred destination for
>manufacturing due to rising cost and >companies are looking
>for cheaper alternatives like Vietnam and >India.

Right now VN has cheapest currency.

India has problems that India is not able to fix yet.

Growth in both countries is falling to lower rates and the renminbi
exchange rate is making it more expensive, the tax cut on foreign
companies coming in has been eliminated not long ago (some months), so
some of the changes in laws (also against poluters and other law-
breakers) are initiated by China. China seems to be a dynamic society,
adjusting to new things.

India seems to be frozen in time, not enough FDI coming in, etc.
Except for Tata going into cars and Mittal going into steel (but the
Mittals are living in England, not India). And, India is in trade
deficit, so it is not doing very well.

Then, I'm seeing all these advertisements for IT work going to Latin
America (not India), so with interest rates and inflation going up in
India, I'm happy if smart Indians get out of India and come to where
their life will be better...USA (or at least work where they get
better paid maybe at a US company in India in a modern city).

I read another article about how there is a lot of ethnic tension in
India between the cities and the farmers who are getting screwed by
all of this.

Of course, the USA has all of its own specific problems, too.