GD/PI / #GD Topic

April 04, 2017 @ 01:15 PM

April 04, 2017 @ 01:15 PM

K. J. Somaiya Institute of Management Studies and Research, Mumbai

9 Easy Steps to register for SIMSR (Infographic)

Download Now

Can India catch up with China on economic growth?

Post MBA exam results, Group Discussion will be crucial for MBA admission so it is advised to read and practice with variety of topics. In following GD topic you will be getting some points with divergent views which you can pick up and develop.  Today, you will read GD topic:  
"Can India catch up with China on economic growth?"
Most of the countries look at China as the leader of developing countries since it is the world’s second largest economy, after the US. Numbers don’t lie and it is evident from the 2012 Gross Domestic Product (GDP) results that China’s figures have surpassed India’s numbers significantly. China recorded a GDP of Rs 45,451,000 crores (US$8.3 trillion) and India recorded a GDP of Rs 10,404,000 crores (US$1.9 trillion). Since China is way ahead of India in terms of economic growth, is there scope for India to catch up with China? 
Changes in corporate, economic and social conditions and policies on international and national levels provide evidence that there is indeed a possibility for India to catch up with China. In 2011, China increased its minimum wages by 20-30 percent to increase consumers’ incomes and their purchasing power. Hence, low-skilled manufacturing jobs are slowly moving away from China, into other developing countries, including India. 
One of the assets that India has and China doesn’t is the proportion of English speakers in the country. Many US and European companies are outsourcing back-office, legal and medical jobs to India to cut costs. At present, India earns Rs 378,603 crores (US$69 billion) annually, which is 25 percent of Indian exports. So, by enhancing the skills of the current workforce, there is a possibility that India can catch up with China on economic growth.
Although in certain aspects, India’s future is looking bright, in many others, it is looking bleak. According to the World Bank, enrolment in higher education courses is a strong indicator of economic growth. When the number of university graduates in a country increases, that country enjoys economic growth in the long run. China will soon reap the sweet rewards of its Rs 1,371,250 crore (US$250 billion) investment in education. Since 2000, China has been increasing the number of institutes of higher learning and over the years, it has increased the enrolment by five times. So, today, 26% of the youths in China are enrolled in institutes of higher learning, a significant difference as compared to 18% in India. Sadly, the Indian government is not investing enough in the education system, impeding the nation’s economic growth in the long run.
If the Indian government changes its education and investment policies, India might get the opportunity to catch up with China on economic growth. However, if things proceed in the same momentum as they are today, China will leave India far behind in the economic race. To reap success, it is important for a country to be forward-thinking and in this aspect, India has a lot to learn from its neighbour. 

Crucial Dates, You Should not Miss

Manav Rachna International Institute
of Research

Admissions Open for all MBA programme at Manav Rachna International Institute of
Research and Studies.
CII School of Logistics Amity University, Delhi and Mumbai
Admissions Open at CII School of Logistics Delhi and Mumbai campus, Apply Now!
GITAM School of International Business, Visakhapatnam
Admissions open for MBA programmes at GITAM. Application Deadline is February 20, 2018
Application Last Date for Online Submission - February 25, 2018
TAPMI, Manipal
Last date extended to 11 February, 2018. Apply Now.
BIMTECH, Greater Noida
Admissions open at BIMTECH, Greater Noida
ICFAI Business School
Admissions Open at ICFAI Business School Apply Now!
FORE School of Management
Apply for PGDM & PGDM-IB Programmes. Application Deadline is January 18, 2018.
MDI Murshidabad
Applications for PGPM 2018-20 at MDI Murshidabad are open
Last Date to Apply for MBA (Full Time) Programme at NIRMA is January 29, 2018
Institute of Public Enterprise, Hyderabad
Last Date to Apply for IPE, Hyderabad is 21st January, 2018
IMI New Delhi
Admissions Reopened for PGDM Last Date to Apply January 21, 2018
Application closes on February 12, 2018 for Executive PGDM at IMI
K J Somaiya Institute of Management Studies & Research, Mumbai
Last date for Application is 31st Jan, 2018
Application for PGDM 2018-20 at SDMIMD is open till February 28, 2018

Admission Open Now

Following Colleges are accepting applications.


Admissions open for 2018-20

PGDM, PGDM (HRM), PGDM(B & FS), Executive PGDM

Apply Online