This article is comparing China and India’s economy. Taking into account different data, it shows how India has recently being developing its economy not only in terms of quantity but also in quality and what is more, moving from products such as jewels to products related to engineering and petrochemical industries. Also the market where India sells its products in America and Europe has increased a lot. Despite the fact that China still sells five times more than India, the latter is improving in so many different areas that the former should be concerned with this situation.
This is a widely maintained topic that makes the world be alert to the situation. Regarding economy, China has always been superior compared to India; however, this might change some day. Probably not in terms of quantity, because still there is a huge gap that India should overcome to reach China, but it is possible in terms of the quality of economy. Also it is important to know, that when it comes to exporting products and markets, India has a interesting advantage which is the language, since most of the enterprises have no problems in communicating in English making trade easier for every country.
Source: The Economist; http://www.economist.com/node/21531527
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