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I don't know how the economics work out at the moment, but India does have a couple benefits. A lot more people speak English well (like ten times as many), and
by nknight 15y ago
I don't know how the economics work out at the moment, but India does have a couple benefits. A lot more people speak English well (like ten times as many), and it's culturally more accessible to the west. They were under British rule until after World War II, and have in general a long history of closer ties to the western world.
It's also less politically sensitive in the US. Americans have a knee-jerk reaction to China that goes far beyond outsourcing and call center complaints. India is seen as an ally rather than a potential military threat.
- pdelgallego 15y agoIndia have even more good reasons: - India's domestic consumption accounts for 57% of the GPD. - India's housing bubble is not even close to what has been going on in China. - 650 million Indian's are estimated to live on $2 a day (100 millions in china). - India's population will overtake china's during the 2020's OTHO, India has other problems like endemic corruption, less investment in infrastructure, or terrible levels of inflation for example.
- nknight 15y agoFrom what I've seen, I'm not sure corruption is much less of a problem in China, I think it just manifests differently. Arguably an openly-corrupt society has advantages over a quietly-corrupt one.