The state-run Chinese daily said India was "not even close" where China was five years ago in terms of economy.
Beijing, China:
Taking a dig at an American media report that India replaces China as next big frontier for the US tech companies, an article in state-run Chinese daily said India was "not even close" where China was five years ago.
"India lags behind China in the fields of manufacturing, logistics and infrastructure by more than five years. Apart from the hardware, the key actually lies in the integration and openness of markets and in this respect China is more accomplished than India," said an article in the Global Times.
Commenting on the New York Times report that "India replaces China as next big frontier for US tech companies" after meetings of Prime Minister Narendra Modi and Chinese President Xi Jinping with the executives of US tech companies during their recent visits to the US, the article today pointed to the inability of the BJP government to get the Goods and Services Tax (GST) legislation through the Parliament.
"For instance, the states of India all have set their own varied taxes and multiple payments have to be made when commodities circulate between states. Unifying the taxes of commodities and services has been called on for years, but this is always blocked in the parliament. Even Modi cannot overcome this. In this circumstance, it is hard to forge ahead with developing an Internet economy," it said.
Acknowledging India's potential as a digital player, the article said, "Undisputedly India has huge potential in terms of population and Internet use. But the development of the Internet economy doesn't solely depend on large population and it is not decided simply by factors like the number of mobile phones in use and Internet surfers."
India has 243 million Internet of which 35 million shopped online. In China, the numbers were 649 million users and 361 million online shoppers.
"To develop, the Internet economy cannot build castles in the air or take off regardless of a frail economic foundation. It depends on the maturity of the market economy and the development of other sectors like business, finance, logistics, transport, manufacturing, Internet infrastructure and public education," it added.
"India lags behind China in the fields of manufacturing, logistics and infrastructure by more than five years. Apart from the hardware, the key actually lies in the integration and openness of markets and in this respect China is more accomplished than India," said an article in the Global Times.
Commenting on the New York Times report that "India replaces China as next big frontier for US tech companies" after meetings of Prime Minister Narendra Modi and Chinese President Xi Jinping with the executives of US tech companies during their recent visits to the US, the article today pointed to the inability of the BJP government to get the Goods and Services Tax (GST) legislation through the Parliament.
"For instance, the states of India all have set their own varied taxes and multiple payments have to be made when commodities circulate between states. Unifying the taxes of commodities and services has been called on for years, but this is always blocked in the parliament. Even Modi cannot overcome this. In this circumstance, it is hard to forge ahead with developing an Internet economy," it said.
Acknowledging India's potential as a digital player, the article said, "Undisputedly India has huge potential in terms of population and Internet use. But the development of the Internet economy doesn't solely depend on large population and it is not decided simply by factors like the number of mobile phones in use and Internet surfers."
India has 243 million Internet of which 35 million shopped online. In China, the numbers were 649 million users and 361 million online shoppers.
"To develop, the Internet economy cannot build castles in the air or take off regardless of a frail economic foundation. It depends on the maturity of the market economy and the development of other sectors like business, finance, logistics, transport, manufacturing, Internet infrastructure and public education," it added.
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