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Part-3
In April 2011 India released its National Security Index, which rated the country the world's fifth most powerful; after US, China, Japan and Russia.
Frankly and fairly, on any measure that includes population, the world's second most populous country comes out well. But the ranking by Indian experts, demonstrates a rapid increase in India's own sense of importance!
Shyam Saran, the former head of External Affairs Ministry is more sanguine:
" Not so long ago India evoked poverty and mysticism. Now the country's name is invoked as a kind of poster child of globalisation whose fast growth makes it a world leader. If the earlier was oversimplified, so is the current one !? "
China's business big shots include Zhang Yin, propelled there thanks to the Hong Kong stock market listing of her country, Nine Dragons Paper. She and her husband set up the business as recently as 1996, importing scrap paper from America , recycling it and selling it to China, mainly to retailers.
Her 72% stake in the firm made her over 4 billion USD and the riches self-made woman in the world.
If anything, Indian firms are even more aggressive on the world stage than their Chinese counterparts. Lakshmi Mittal, whose base in outside India, made his firm the biggest steel maker by taking over Europe's Arcelor, after a tough battle. His main rival is Tata Steel, a part of India's Tata business dynasty, which only recently made an audacious bid for Corus, the former British Steel.
India's richest resident Mukesh Ambani of Reliance Industries Ltd, is worth a staggering 20 billion plus. And both China and Indian firms have big global ambitions. They are not now, but may soon be household names.
So in a caution dimension, one cannot overlook the fact China and India are the second and fifth largest energy consumers in the world.
The Industrial revolutions of the past were dirty and polluting, and China and India are no different. Oil is expensive and China has plenty of coal, so a new coal fired power station is being opened every week !!? And they all use old, dirty and horrid technology. In China alone, coal related pollution is blamed for 400,000 premature deaths every year. Both countries are very capable of generating environmental problems.
Good night and God bless.
WOT!
A PURPLE BALL ?
Respectful dedication to regional peace and prosperity
In April 2011 India released its National Security Index, which rated the country the world's fifth most powerful; after US, China, Japan and Russia.
Frankly and fairly, on any measure that includes population, the world's second most populous country comes out well. But the ranking by Indian experts, demonstrates a rapid increase in India's own sense of importance!
Shyam Saran, the former head of External Affairs Ministry is more sanguine:
" Not so long ago India evoked poverty and mysticism. Now the country's name is invoked as a kind of poster child of globalisation whose fast growth makes it a world leader. If the earlier was oversimplified, so is the current one !? "
China's business big shots include Zhang Yin, propelled there thanks to the Hong Kong stock market listing of her country, Nine Dragons Paper. She and her husband set up the business as recently as 1996, importing scrap paper from America , recycling it and selling it to China, mainly to retailers.
Her 72% stake in the firm made her over 4 billion USD and the riches self-made woman in the world.
If anything, Indian firms are even more aggressive on the world stage than their Chinese counterparts. Lakshmi Mittal, whose base in outside India, made his firm the biggest steel maker by taking over Europe's Arcelor, after a tough battle. His main rival is Tata Steel, a part of India's Tata business dynasty, which only recently made an audacious bid for Corus, the former British Steel.
India's richest resident Mukesh Ambani of Reliance Industries Ltd, is worth a staggering 20 billion plus. And both China and Indian firms have big global ambitions. They are not now, but may soon be household names.
So in a caution dimension, one cannot overlook the fact China and India are the second and fifth largest energy consumers in the world.
The Industrial revolutions of the past were dirty and polluting, and China and India are no different. Oil is expensive and China has plenty of coal, so a new coal fired power station is being opened every week !!? And they all use old, dirty and horrid technology. In China alone, coal related pollution is blamed for 400,000 premature deaths every year. Both countries are very capable of generating environmental problems.
Good night and God bless.
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