India vs China : How will these economies pan out?

June 05, 2010 — In an interview with CNBC-TV18, two Morgan Stanley Economists Qing Wang who tracks China and Chetan Ahya who tracks India, spoke about how they see these two economies pan out

Jim Rogers : I do not like to jump into things after shares have gone up a lot

Jim Rogers view on stimulus rollback

India should be one the most productive agricultural nations in the world says Jim Rogers , you got the land , you got the soil you got the weather , everything is right for India , and yet there are so many regulations that it is almost impossible for Indian farmers to produce , much less to compete with the rest of the world Jim Rogers added , you know as much as I know that thousands of Indian farmers commit suicide every year because they cannot make a living , and yet in India you should be putting Americans to shame with your agricultural production instead of setting there and having to import your food
I am not buying either (equities ) china or Sri Lanka at the moment in fact I am buying equities anywhere at the moment , there have not been such big run ups in shares all over the world ... and I am just setting and watching , normally when you have big booms over ten or twelve months periods it is time to set back and do something else , I do not like to jump into things after shares have gone up a lot : Jim Rogers explained

Jim Rogers on India vs China

What would take India to perform like China ?

Forbes India : "Some specific global lessons or examples that India can adopt from other countries such as China?"
Jim Rogers :"Open your borders to foreign capital and brains. For example, foreigners cannot enter retailing in India, but Wal-Mart etc. are all over China. Your politicians close down free commodity markets every time prices rise as if the markets were making the prices rise!

Farmers can own only very, very small farms so India cannot compete on the world stage, yet India should be one of the great agriculture nations of the world. "

Forbes India : "What will it take to get you to invest in India? "
Jim Rogers : "Some sense of 21st Century reality. Open the economy such as retailing, energy, agriculture, etc. Make the currency fully convertible. "

Read Full Interview

India Could Surpass China On GDP Growth in 4 Years ?

As the two biggest developing countries, China and India are developing their economies rapidly. They are also the main economic powers in Asia.
Recently India's newly-appointed chief economic advisor, Kaushik Basu, said at the Federation of Indian Chambers of Commerce and Industry meeting that the country could possibly surpass China's growth rate in four to five years. He also added that this growth scenario was "not an impossibility". The news caused Chinese internet users to discuss the economic development between China and India.

Charts Back India Over China

The long-term investment trend is definitely pointing toward Asia, but China may not be the best opportunity in the region while India could be a safer bet, Robin Griffiths, technical strategist at Cazenove Capital, told CNBC Monday.