Why economic growth is slower in India when compared to China?
A few comparitive figures of both India -China India’s per capita earning is US$440 per year against US$990 per year in China As per the World Bank, the poverty line definition is US$1 per person per day or US$365/person/year, for underdeveloped countries like India, China etc. As per the official data from both governments, China has 3% population below the poverty line, compared to Indias around 50% . China attracts 87 million tourists per year against 2.5 million per year to India. The international Tourism Industry is [7 times the size of I.T. or software] about, US$3700 billion per year. India, in spite of its old history and 21 cultures and languages, seems to have missed the bus, in Tourism. Tourism is a very big employment generator. It is estimated that every one tourist generates 2 to 4 jobs. Tourism promotes International trade and understanding. In Foreign Direct investment, FDI, China received US$106 billion last year [US$70billion from NRC’s] vs US$3.6 billion [US$0.2b fr
