Financial Daily from THE HINDU group of publications
Friday, Oct 24, 2003
Financial Daily from THE HINDU group of publications Friday, Oct 24, 2003 |
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Opinion
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Letters India and China
This is with reference to the article "Following the Mauritius command" (Business Line, October 22). The article raises many interesting questions on the characteristics of non-resident Indians, non resident Chinese and the entrepreneurship of resident Indian and Chinese business communities. Interestingly, the NRIs have contributed only marginally to India's FDI through the Mauritius route compared to the non-resident Chinese who do not have such sops.
Historically, China and India have many things in common such as being British colonies for long, conservative mindset and so on. Both have been controlled economies, predominantly agro-based with large population. But how is that India and China's strategies are so different in the international business arena? India seems to be inward looking while the Chinese are more outward looking. Also, India's appear to have less risk taking capability. A study of this aspect will be a very meaty area for researchers on global business strategies. In the final analysis, it is the people who matter. Governments can only allow the enterprise to freely play. Where then have failed the Indians failed and the Chinese succeeded? Venkataraman. G New Delhi
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