Question

Difference between sourcing from china and india

Answer 1

To better understand what India is and what it is not, lets compare it to China. First, forget the hype about both China and India. Keep in mind that despite all the talk of China or India’s rising status, both China and India are still desperately poor countries with large disparities in incomes across each country. In China nearly half of the country's labor force remains in agriculture (about 60 percent in India). Also, despite all the talk about Indian software engineers and Nobel laureates and Chinese engineering whizzes, India has the largest number of illiterate people in the world and China also is burdened with a large number of rural poorly educated who will offer continued challenges for economic development. (India’s illiteracy rate is nearly 40 percent and China’s is nearly 10 percent according to World Bank statistics.) Of the total of 2.3 billion people in these two countries, nearly 1.5 billion earn less than US$2 a day, according to World Bank calculations. The opportunities in both countries are substantial; the challenges are also large.

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