Comfort of GDP Against Social Insecurity

In 2006, the GDP per capita of USA was 8, China stood at 131 and India was at
160 just one rank above Pakistan. In 2009, the highest GDP was USA, China
occupied third position and India stood at 11position. In 2010, USA retains its
first position, China moved up to to second and India remained at 11
position.
China and India jointly account for 2.4 billion people, which is roughly 40
percent of the total population of the world. It has been reported that India's
GDP (PPP) is four trillion whereas China's GDP (PPP) is ten trillion. It is also
predicted that GDP India and GDP China will witness an overwhelming growth that
will transcend the G7 countries, that includes United States of America, Canada,
France, Germany, Italy, Japan, and United Kingdom. It is assumed that by the
year 2050, both India GDP and China GDP will witness a gigantic growth. The
current GDP of China is USD two trillion which is predicted to reach USD 48.6
trillion by 2050. On the other hand, India's current GDP is USD one trillion,
which will become USD 27 trillion by that time.
The rapid growth is attributed to the reforms in these two countries, China
since 1970's and India since 1990s. China's growth has resulted from the rapid
rise in the manufacturing of high-tech goods in the country under the
large-scale high-tech manufacturing foreign firms. The infrastructural
development in China has also been higher than that of India. In general, China
spends much more in its infrastructural facilities than India. India's strength
is identified in its robust public sector financial institutions. Both countries
benefitted from export earnings in IT and FDI mainly from overseas non
residents.
The extraordinary upscale of GDP China and GDP India attracted attention and
admiration of the world and it provided a strong boost for their respective
national self esteem and confidence. But the picture of overall national health
indicator is sadly dimmed by the social sector poor delivery in both countries.
China's education program, health policy, wage structure and civil service
reforms in a big way have provided the desired support base for a focus planning
and implementation. India's social sector policy and implementation strategy is
however weakened terribly by the stark absence of civil service reforms which
can assist in public policy for a much better focus approach. This has resulted
in inadequate budget planning and outcome manifested in poor delivery of
services leaving India a home of the most illiterate, poorest, and largest
number of unemployment in the world.
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