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GREAT SHIPS WANT DEEP WATER

GREAT SHIPS WANT DEEP WATER

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Published by shashi_patel

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Published by: shashi_patel on Dec 23, 2009
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12/23/2009

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23th dec 09A great ship asks deep waters.Reverse Causality... Today we ask any Indian they talk about growth in purview oinfrastructure Development and FDIs came in country.But,1980s india has edge over china in infrastructure , china had noneglittering infrastructure.According Economist ANGUS MADDISONIn 1989 india had a longer network of paved road 1.4Mn Kms compared tochina had 0.862 Mn Kms and railway network of 60000 kms in india andchina had 46000 kms,in terms of qualified good railway system sayelectrified only 1700kms compared to india 5345kms Today, gap between india and china about economic performance is beingnarrowed substantially bu t in 1980s there was no questions that put outsuperior performance GDP per capita average more than 8% in china inreal & compare to in india only 3%(Hindu rate of growth) , thus if we lookat these countries in 80s there is no evidence that the country with aninfrastructure had edge to necessarily grow faster .we can see that many world class infrastructure built in china during last20 years when its growth rate is close to 10%.so we can say growth is the main reason who leads us towards thegrowth not viseversa ,same story can be with FDIs in 1980s china attracted vely little FDI but itwas able to grow fast After about 15 years Foreign investors beingconvinced about CHINESE growth ..and begun to pour money into country.So FDIs is not reason for china’s growth.It is about to huge investment in human capital. The direction whichdeliberately neglected by politicians. There must have a capability todigest the growth by civilians, they must be realise the change. They must

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