From The Telegraph – Calcutta:
Comparisons of India’s economic growth with China’s have become the order of the day. Even the prime minister, Manmohan Singh, recently compared the state of India’s economy, especially banking, with that of China’s, pointing out that India’s financial system has been better in some respects. What matters, however, are the actual results in respect of growth. Manufacturing in China has definitely outpaced that in India in the recent period. It is instructive to look into aspects of the growth of manufacturing in China versus that in India. R. Nagraj, an economist of considerable standing, has contributed yet another piece on this subject in the May 21 issue of the Economic and Political Weekly. The paper was presented at a conference in China held by the China Development Institute.
