75th Founding Day Lecture Meeting on “India@2030” Know More

May 2010

India v. China — The roads not taken

By Raman Jokhakar
Tarunkumar G. Singhal
Chartered Accountants
Reading Time 1 mins
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China stimulated its economy with a huge burst of capital
investments while India chose to spend more on salaries and subsidies. The
numbers speak for themselves. In 2009, the Chinese government built or renovated
35 airports, threw open 4,640 km of highways, laid out 5,200 km of new rail
lines, upgraded 264,000 km of power lines and renovated 800,000 buildings for
good measure.

India continues to nurture a massive revenue deficit while it
cuts essential capex.

(Source : Quick Edit in Mint, dated 9-3-2010)

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