Which is why China aluminum stock pots Factory the two countries are "not twins and not alike. The impressive growth is largely because of relatively high savings/investment rates, which will propel more people into the middle class, even when defined in the global framework. With the deft touch of an ace tour guide, he stays at each halt just long enough to retain the audience interest. It contains interesting insights drawn from anecdotes, such as the one concerning Supinder Singh, a messenger in Chandigarh who struck it rich by selling a part of his land at astronomical prices and invested in commodity trade on its upward march. India continued to hurry slowly."He believes that much the same that has been happening so far will continue, since there is still reluctance "to break the egg", which manifests itself as partial reform, "by stealth", as he describes it.

China, despite loss of momentum, remains the world’s factory and its largest exporter of manufactured goods. The concluding chapter, The Next Ten Years, is an entire section in itself, and rightly so, since it is the best in the book, containing the essence of Ninan thinking. If India today is the third-largest economy in purchasing parity prices (seventh in current nominal dollars), it is also home to the world’s largest numbers of poor, illiterate, sick and hungry people, malnourished and underweight children and pregnant and lactating women.. It has some tables, but they can be counted on one’s fingertips, and no charts.The blurb says, "Like the proverbial tortoise, (India) is now finally in a position to reach some of its long-sought-after goals having made steady progress for years. (M)any forecasts have been made about India’s time has come, only for the tide to ebb again.

Ninan explains that a major reason, if not the major one, for the Indian impressive economic numbers in the aggregate is its sheer size, which cuts both ways.. The author reminds us yet again that the Chinese economy today is five times larger than India’s reckoned in current dollars and its slowdown is evident only when compared to its last two decades of double-digit growth rates.N. It would also be a surprise that unlike volumes by even the best-known commentators, this is not a collection of previously published columns barely held together by a wispy notion of a motif.The book is data-rich but not data-burdened. And finally, the garrulous, often dysfunctional, liberal democracy is here to stay. Ninan begins by taking head on arguments he has termed elsewhere as premature triumphalism, that India will soon equal China if not outpace it. The confusion and resultant mistakes have meant that India is the last major poor country on earth.