30 October, 2005

What's to stop India and China?

India and China governments are loved by Economists around the world. The growth rate in GDP are high. India shows 7% growth YOY and China shows 9% growth for past three decades. This time, both goverments got brickbats from this Economist article. In India, Manmohan goverment is termed as puppet government, left aligned and non-reform oriented. In china, the new goverment's agenda on rural reform is a forced one. Banking sector is in bad state in china. Non-performable assets and defaulters rate in china comes to 50% in banking sector. while India has done commendable work in that field.


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