Australia's largest stock trading and investment forum Australia's #1 stock forum

India is a 3rd world country while China is a 2nd world country...

First 25 Last

Share
Profile

Follow
moorookamick

7,501 Posts.

165

22/06/14

07:31

Post #: 13555823
Share

Originally posted by ash kumar ↑

To Ralf 5

I read article embedded in the link. New gov in India led by Mr Modi has multiple problems on hand. Over and above, India does not have much money. Majority of the money goes overseas to service the debt. Therefore, comparing India with China is wrong. India has 310 billion dollar foreign reserve whereas China has 3.3 trillion dollar foreign reserve.

Also, India has medium quality iron ore reserve where as china has none.

Another point which is very important is democracy which has been the part of India is stopping radical growth in infrastructure development. Any step for major road infrastructure development are blocked by local people, local smaller political parties for their vested interest. So is not the case in China.

Expand

India is a 3rd world country while China is a 2nd world country
mm
1 Upvote

Reply

Top Stories

GRL

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

DUI

Panic, paranoia, and gangland politics: HotCopper users react to Dubber's missing $26M

PYC

Scientific conference spotlights PYC's work on blindness disease treatment

BTH

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

SIG

Dale Gillham's weekly wrap: Sigma-Chemist Warehouse merger creates pharma powerhouse

HotCopper Highlights: Your most watched stocks for Week 47, 2024

MIN

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

Week 47 Wrap: HotCopper users' most watched; Brent lifts on Putin's scary letter; RFK dents CSL

WC8

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

LPE

Sales growth pushes Lovisa's fortunes (and shares) upwards

There are more pages in this discussion • 20 more messages in this thread...

First 25 Last