align="left">One of the great topics of public discussion in recent decades among all economists, journalists, public policy enthusiasts and enlightened citizens is the rapid growth of China. India – China comparison is now the favourite pastime of economists. Both are emerging as major economic powers. China has been growing at 9 percent or more per annum, compared with India’s more modest 6 percent over the past two decades. This difference in growth means that Chinese economy doubles itself every 8 years, whereas it takes about 12 years for India!