Superpower?

Superpower?
By:Raghav Bahl
Published on 2010-10-28 by Penguin

Is India ready for superpower status or too far behind China to ever catch up? In his career as one of India's leading journalists and entrepreneurs, Raghav Bahl has often faced this question, and many others, from bewildered visitors: * Why are Indian regulations so weak and confusing? * Why is your foreign investment policy so restrictive? * How come your hotels are world class, but the roads leading to them are so potholed? * Why don't you lower your voice when you make fun of your politicians? * Why do you control the price of oil and cable TV? Clearly there's a huge difference in how India and its arch-rival China work on the ground. China is spectacularly effective in building infrastructure and is now reinvesting almost half its GDP. Meanwhile, India is still a |promising| economy: more than half its GDP is consumed by its billion-plus people, yet India has some unique advantages: Half its population is under twenty-five, giving it a strong demographic edge; 350 million Indians understand English, making it the largest English-speaking country in the world; and it's the world's largest democracy. In the race to superpower status, who is more likely to win: China's hare or India's tortoise? Bahl argues that the winner might not be determined by who is investing more and growing faster today but by something more intangible: who has superior innovative skills and more entrepreneurial savvy. He notes that China and India were both quick to recover from the financial crisis, but China's rebound was accompanied by huge debt and deflation, with weak demand. India's turnaround was sturdier, with lower debt and modest inflation. So India's GDP grew twice as fast as China's for a few quarters-the first time that had happened in nearly three decades. And in contrast to China's Yuan, which is pummeled for being artificially undervalued, India's rupee largely floats against world currencies. In the end, it might come down to one deciding factor: can India fix its governance before China repairs its politics? With insights into the two countries' histories, politics, economies and cultures, this is a well-written, fully documented, comprehensive account of the race to become the next global superpower. For anyone looking to understand China, India and the future of the world economy, this is the book to read.

This Book was ranked at 33 by Google Books for keyword new houses 36 of the worlds most spectacular home designs.

Book ID of Superpower?'s Books is Z327-AuEx20C, Book which was written byRaghav Bahlhave ETAG "zlH7kx4CYXM"

Book which was published by Penguin since 2010-10-28 have ISBNs, ISBN 13 Code is 9781101466056 and ISBN 10 Code is 1101466057

Reading Mode in Text Status is true and Reading Mode in Image Status is false

Book which have "272 Pages" is Printed at BOOK under CategoryBusiness and Economics

This Book was rated by Raters and have average rate at ""

This eBook Maturity (Adult Book) status is NOT_MATURE

Book was written in en

eBook Version Availability Status at PDF is falseand in ePub is true

Book Preview