May
3
Rajiv Lall, Managing Director and Chief Executive Officer, Infrastructure Development Finance Company (IDFC), was the opening keynote speaker at the India Business Conference 2008. The India-China economy comparison is inevitable in any business conference. As the head of IDFC, Lall talked about India’s infrastructure issues by comparing it to China’s.
Note: I haven’t had the time to figure out how to insert a table within Wordpress, therefore I created an img. Please click thru the img to see full table text.
Indian government finances 50% of its infrastructure projects. Therefore, India is not as highly levered as China where the govt only invests 16% from the budget and 54% is funded by debt from banks and private sector. However, India has very high subsidies and inefficient distribution system and hence loss-making operations. For e.g. 45% of the total power distributed is lost due to theft (illegal tapping of power lines).
In India, only 44% villages have power. Farmers enjoy subsidies, and power is delivered for free to villages. On the other hand, 99% of China’s villages are powered. Rural taxes are often higher than those in urban areas.
Said Lall, India’s biggest challenge - Leadership. Enough said!
Comments
I want to know the time difference of India and chinna to know the the time of starting of OLYMPICS 2008
As you wrote: Law No, Order Yes. Another way to say it is that there is no democracy in China. It is a totalitarian regime. When Indian workers protest, generally the authorities listen. Fundamental Rights do have a value in India. In China, when people protest, they get shot down. The citizens down there have no right against the Govt. Got the big idea, buddy?
diffrence in india&china