The Growth Debate - China & India

China and India are booming. Superficially it is easy to be impressed. It is noted that annual growth rates in Gross Domestic Product (GDP) have been sustained over the past few years at 8-10 per cent, sometimes even higher. Analyses of China and India point to the major investment in education that is turning out many thousands of top-class engineers and scientists annually. It seems that so many of our manufactured goods carry a "Made in China" label and that our call centre services are increasingly located in India.