India and China : Co-operation in the service sector – focus on education
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OPPORTUNITIES in Service Sector emphasis on Education Geeta Prasad
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HIGHLIGHTS OF INDIA
Second most populous nation
Most populous democracy
Huge potential as an educational destination
Rupee Vs $ makes it affordable destination for study , holiday, medical tourism, investments.
English speaking population
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Top trading products with China at present
Iron Ore
Cotton
Other ores
Non ferrous
Linoleum
Gems and Jewelery
Machinery and Instruments
Ferro Alloys
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Common aspects between India & China
Big population
Stress on urbanization
Focus on development of infrastructure
Improvement in Education sector
Co-operation with top universities
Better standard of living for common man
Attracting foreign students
Creating more jobs in the service sector
More bilateral trade between two countries as India has trade deficit
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Advantages India possesses
India possesses 800,000 square kilometres more usable arable land than China
India also has 10 times the natural fresh water resources.
This has huge implications for the agriculture and textile industries.
If India manages these resources properly, it will begin to emerge as a highly competitive player in these global markets.
Increased demand for Indian agriculture will lift hundreds of millions of Indian farmers out of poverty and into meaningful consumption and wealth creation models
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English speaking population which is good for service sector
Established IT sector
Good Engineering and Management Institutes
Global Outlook
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Outcome :
Currently 70,000 kilometres of highway (express routes) pales against China’s million kilometres. India has plans however to develop and invest significant amounts into building a national highway system.
Purchase power parity is much lower in India
Cottage industry is still encouraged Vs mechanized production
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ADVANTAGES CHINA HAS
Lesser gest
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