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Overrating China Neglects India's Prospects

A. Gary Shilling, President GS & Co. | December 17, 2012

Touting China as global growth engine can prove to be a deception. ++ China has to transform its internationally oriented economy into a domestically directed one. ++ China’s governmental structure, its one-child policy, an aging population and rising wages are some of the Chinese flaws. ++ India offers much better conditions for foreign investment and global economic growth. ++ India's advantages also include a skilled and globally competitive workforce, good infrastructure and a more transparent governmental regime.

 

 
 
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