Indians were richer than Chinese

Rediff interviwed Michael Silverstein and Abheek Singhi, co-authors of The $10 Trillion Prize: Captivating the Newly Affluent in China and India Some of the amazing facts from the interview.

In China, there are 1.2 children per family, while it's more than three in India.

We really need to control our population more people need to educated about this problem.

Twenty-five years ago both countries had similar percentage of people who lived in rural areas, but China created new cities, invested in infrastructure and today more than 50 per cent Chinese live in urban areas, while only 30 per cent Indians live in urban areas.

Over the course of next 10-20 years, that number in India will be around 35-37 per cent, while in China it will be close to 70 per cent.

This is a big one, we need to better plan our cities and stop all the nonsense about immigrants from other states, for God sake we are all Indians. Also do a better job of getting more struggling rural people into urban areas.

About 80 per cent women in China are in workforce, while in India it's significantly lower, so that's a major difference.

First we need better protection for women, we all should be ashamed with all the rape cases showing up in the news. Secondly make it requirement to hire a good percentage of women in all companies especially for office work.

It will take four years for Ikea, a Swedish home products company, to open its first store in India - and that says a lot.

If a big conglomerate takes this long to set up shop in India. What hope do regular Indians have. All the necessary steps should be taken to improve the situation.

We should make it easier especially for Indians to get loans to setup shops etc. Much more need to done in this area.

Kind of mind boggling facts, hope our politicians and industry leaders know about these facts and are trying to improve the situation for a better India.

If only they had time left from scams and elections...

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