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3 Reasons India Isn’t the ‘Next China’ Can India turbocharge its economic growth, even surpass China? Wharton’s Dean Geoffrey Garrett has two reasons the answer could be yes, one for maybe. Indian Prime Minister Narendra Modi I was in Delhi and Mumbai in October to meet with great  Wharton alumni  in India. After spending quite a bit of time in Beijing around the launch of the  Penn Wharton China Center , I had been thinking about the economic trajectories of the world’s two most populous countries. The bulls say India is “the next China,” a country of more than a billion people with the potential of growing at 10 percent a year for a long period. Odds are they are right—if not today, then within a decade or so. But even if India  is  the next China in terms of growth, India is a very different country than China on three fundamental dimensions. 1. India has demography on its side, whereas China faces serious demographic demons. China is going to be the first co...

The plan to boycott Chinese imports is neither practical nor is it in the Indian national interest. There has been many nationalist calls for boycotting Chinese goods as a retaliation against China for blocking India’s bid at the UN to designate Jaish-e-Mohammed chief Masood Azhar as a terrorist, following the Uri attacks and the subsequent surgical strikes carried out by the Indian army. Presumably, India is tired and frustrated of China tacitly supporting Pakistan and thus, the clarion call is for consumers to boycott all Chinese products en masse, so as to hurt the Chinese economy, especially at a time when it is reeling. This has obtained mass support from not only the ordinary citizens, but is being backed by influential MPs and others from the political class. Such a move is neither practically feasible in order to obtain the desired result, nor will it be in our national interest to do so. Let us examine the feasibility angle first. India is the biggest importer of Chinese consu...

For the first time since the Kargil intrusions of 1999, Indian territory is in the hands of foreign soldiers. Starting in the third week of April, more than 5,000 Chinese soldiers of the People’s Liberation Army (PLA) have intruded into five points in Ladakh – four along the Galwan River, and one near the Pangong Lake. While patrol intrusions from both sides are routine in areas where the Line of Actual Control (LAC) – the de facto border between India and China – is disputed, the LAC in the Galwan Valley corresponds to China’s official claim line. That means that, in sending thousands of PLA troops three-to-four kilometres into the Galwan Valley, China has violated its own claim line and occupied territory that Beijing itself has traditionally acknowledged to be Indian. This is not shaping up like a routing patrol confrontation, or even a temporary occupation of disputed territory of the kind that took place in Depsang in 2013, or in Chumar in 2014. This time the PLA soldiers are digg...

Chinese Apps: Government Denies Passing Order to Ban TikTok, CamScanner, Others From Google Play, App Store The viral fake message lists 14 Chinese-original apps to be restricted by Google Play and App Store in India. HIGHLIGHTS Apps such as TikTok, Clash of Kings listed in the message PIB Fact Check called the message as fake on Twitter Viral message comes amid rising anti-China sentiments in India. The government on Friday refuted a viral message claiming that the Ministry of Electronics & IT (Meity) had put restrictions on several "Chinese applications" in India. The message has been doing rounds of the Internet, claiming that the National Informatics Centre (NIC) that comes under the Meity, has asked Apple and Google to restrict Chinese-origin apps on Google Play and App Store with "immediate effect." The alleged list of Chinese-origin apps in the viral fake message included TikTok, Clash of Kings, Game of Sultans, Vigo Video, and more. In a  twe...

Quantity-driven China beats India in the technology knowhow race China is nipping at the heels of the US, the world leader in science and technology. It has already caught up in quantity, though it is still some way behind in quality. If you had compared India and  China  in the late 1980s, there would not have been much difference in their  science and technology  capabilities. In the early 1990s, China had started moving ahead, but the two countries were not too far apart in their preparations for the 21st century industries. But in the 1990s, China invested heavily in  education  and research and started moving ahead very quickly. It has continued this thrust ever since. Now the two are poles apart in science and technology infrastructure. China is nipping at the heels of the US, the world leader in science and technology. It has already caught up in quantity, though it is still some way behind in quality. India and China have brought differe...

Apple's new iPhone SE is $300 or 22874 rupees cheaper than the baseline iPhone 11. Here's exactly what you get by spending almost double. As the sequel to Apple's 2016  sleeper-hit  iPhone  of the same name , the new  iPhone SE  starts at $399, £419 or AU$749. With that price tag, the phone aims to court budget-minded users who may not be able to splurge on $1,000 handsets like the  iPhone 11 Pro  or  Galaxy S20 . While that does mean some cuts in hardware (the phone has a smaller 4.7-inch display and a single rear camera, for example) the iPhone SE does include some modern fixings, such as the same A13 processor as the iPhone 11 phones.   iPhone SE 2020 The new budget iPhone champ With a four-year gap between the new iPhone SE and the older one, Apple brought many upgrades. That includes wireless charging, better camera specs and water resistance. (Unfortunately, for wired headphone users, the new iPhone SE doesn't ha...