Two Asian Giants
After the end of atrocious colonial regime, very few nations enable to mobilize their existing resources effectively towards a multifaceted progress. India and China aptly fit on this statement. The two ‘Asian Players’-India and China started their novice journey just six decades ago, now giving a tough competition to developed countries, including USA. In spite of lots of ups and downs, these two “Asians giants” moving toward the 21st century in their leading fashion.
GDP of China, India and US
Next generation’s economic opportunities may seen shaking news as high growth rate of India and China. China’s GDP growth rate is more than 10% while of India it is about 9% and that of USA is only 3%. These two are the fastest economies of the world, China has the ability to overtake US by 2020 while India may surpass by 2050 . The existing sole superpower USA may lose the seat of global guard; possible the two Asian giants emerged as bi-polar world. The economic transformation of the two “Asian Players” will naturally make a positive influence on the military power of these countries.
Power Purchasing Parity of India and China
According to World Bank Report, India has maintained the fourth place in world’s largest economies on the basis of Purchasing Power Parity (PPP) while China is just behind of USA, leaving behind Germany, France, England and Japan.
Services Sector
In terms of services growth rate, China (10.5 per cent) followed by India (8.9 per cent) are the two fastest growing economies in the top 12 countries. In the global crisis year of 2009, when most of the top 12 countries registered negative growth in services, only China(9.4 per cent), India (6.8 per cent), registered positive growth.
FDI and Internet Users
China and India has now become the 1st and 3rd largest user of Internet in the world. Information technology revolution in India and China has given a better global standing to these countries. As per World Prospectus Survey 2010-2012 by UNCTAD showed that China has 1st position in FDI destination while India overtook the United States to claim the 2nd spot.
Economic Blocs in Asian region
Like the European Union (EU), North American Free Trade Agreement (NAFTA), the African Union (AU), India and China have also formed trade blocs such as South Asian Association for Regional Cooperation (SAARC), South Asian Free Trade Agreement (SAFTA), Association of Southeast Asian Nations (ASEAN), Asia European Meeting (ASEM), Asia Pacific Economic Cooperation (APEC) and Shanghai Cooperation Organization (SCO). All these help in the free market economy.
Political system of India and China
The two giants have a saga of political stability and matured statesmanship. India being a successful democracy, has achieved milestones in eradication of poverty, minimizing illiteracy, health sector and others. China, the follower of communist ideology too maintains a stable and steady political framework. Both India and China have a stable and solid foundation, and both are, indeed, big power-in –the-making.
Defence Capability
In the defence sector, India and China have made a remarkable headway. The India—Pakistan wars of 1948, 1965, 1971, and the Kargil episode where India had not only defeated the enemy nation every time but also bewildered the world community with its military maneuverings and defence technological development. On the other hand, hegemonial growth of China’s military capability, which is visible in Taiwan and Tibet has surprised the world fraternity. The military and defense power of China can be challenged only by the USA.
Satellite Revolution
India has the third largest scientific and technical manpower in the world. Launching CARTOSAT series India can monitor missile launches by rival nations- Pakistan and China. India now the second country in Asia to have this facility after Japan. India and Russia are the only two countries of the world having supersonic cruise missile- BrahaMos. Both the countries are making new horizon for satellite making.
India, China and UN
India is playing a pivotal role in peacekeeping operations of the United Nations (UN). So far, India has joined for more than 40 peacekeeping operations to control and resolve conflicts. Till now, India has deputed 70,000 troops for peacekeeping since 1950 that’s highest by any country in the world. This strengthen the position of India for UN permanent seat. However, China is the permanent member of UN
India, China and Terrorism
India and China have faced an unprecedented rise in terrorism boldly and bravely. Both the Players have shown their abilities in handling of International terrorism. This show their capability in foolproof defence mechanism.
Manpower
India has more young population than any country in the world. India has more than 32 % under 14 population as compare to 23% of China. Well developed education system, skilled manpower power, effective literacy and high technological advancement in every field enable both the Asian Giants to have the status of super power sooner than later.
India and China- Two Asian Superpowers