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| Battle of the Giants by Jeremy at 12:07 pm EST, Mar 28, 2004 | |||
China is touted as the next economic and military superpower, but India may yet overtake it in the new global order. China's foreign investment inflow is running at $US53 billion a year, as against India's $US5 billion. India's average growth rate has been about 6 per cent, meaning its 1.1 billion people -- with half China's per capita income -- are falling behind their Chinese counterparts. Indian visitors to China are almost driven to despair ... India is plugged into Silicon Valley; China into the Wal-Mart. "It's the difference between hardware and software." | |||
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