China’s Technological Success in Manufacturing

Amitava Banik, BE (E&C), PGDM (Insurance Business)

China has for some time now been holding a position of technological significance in the world. It is a great success story for a country that is still counted among the world’s developing nations. Memories of the time it had been associated with inferior quality products have all but vanished. China has not only been extremely successful in making its products the “new normal” all over the world, but with its investments in cutting edge technologies, infrastructure and skilled manpower, it has started to edge into the hi-tech zone.

It is generally accepted that countries develop in successive stages from an agricultural economy to industrial manufacturing and then to a service-based economy. All major world economies have traversed this path. The transformation in India on the contrary, has been from the agrarian economy to a service economy, virtually jumping over the manufacturing stage. One of the primary reasons put forward by economists for this bypassing of the manufacturing stage in India, is the lack of progress of primary education in the country. Continue reading “China’s Technological Success in Manufacturing”

Attracting International University Students: India & China

Ambassador (retd.) Kishan S RanaHonorary Fellow, Institute of Chinese Studies.

The Economist (19 March 2016) estimates that the global total of university students that go to foreign countries for studies is about 3.5 million, and estimates that the number may rise to 7 or 8 million by 2025. It also calculates the number of US students in foreign countries at 300,000, which could go up to 600,000 by 2020. China and India are two other major contributors to this form of ‘export’ of education services. China currently has about 500,000 that study in foreign countries, while India has sent out more than 300,000.

Continue reading “Attracting International University Students: India & China”