Which economy do you forsee overtaking the growth in next 10 years ? lets focus on two things for now.
1. Bitcoin and Blockchain development's impact on future growth
2. Investment in Solar energy
Note - India has younger population average than China
1. Bitcoin and Blockchain development's impact on future growth
2. Investment in Solar energy
Note - India has younger population average than China
If you are calling it a Bitcoin war then We would probably will lose as miserably as we did in 1962. China is a blockchain and bitcoin heavyweight. The best ASIC miners are made by a Chinese company. It has some of the biggest and most influential mining pools.
Its way ahead in terms of the technical expertise with China based developers. For India and Indians, on the other hand, this is just another opportunity to get hold of some trickling down dollars like always.
There are no big players and no concerted effort that we know of in terms of development and general acceptance. People who do know about it choose to spam and scam others. The likes of Amit Bahrdwaj with his MLM schemes and Indians buying into Ripple and BCash because they think its cheap and will get them the next max returns.
Like in everything else, we have no developed ideology nor dissemnination as to what decentralization and economic effects of bitcoin are. We are only in it for the money due to enormous joblessness and I suppose its much better than selling pakodas as suggested by our Prime Minister. LOL..
Like in every other aspect of our society, we have NO IDEOLOGY whatsoever. There is nothing that we believe in. We are in it just for our personal survival and prosperity.
Those are the hard facts as I see it. I would love to be proven wrong by some warm-blooded Indian alpha male developer. But of course, the chances of those are as miniuscle as for the Starman to land onto Mars. (In fact, chances of the starman landing are probably more).
2. Investment in Solar Energy: Lets not even get started on this. We don't have the fab facilities to manufacture chips on a large scale. We import them from China and assemble them here to call it Made in India. Then we'll make huge outlays in form of government grants to establish Solar panels. The funds will move to state level bodies and the highest expense will be done on the Civil and Mechanical installation works. Govt officials in-charge of the projects will laugh away with millions in their accounts as has happened since independence with the Electricity, Irrigation, Food Chain storage, Health and Education projects.
Don't ever again try to compare India with China. India has had some notable achievements but we should really try to avoid trying to punch above our weight. I can always feel the Chinese poltiburo officials laughing when Indians compare Mumbai with Shanghai and China with India.
If we are not vigilant enough and don't stop focusing on the internal strife created by the ruling class(Hindu-Muslim, Brahman-Dalit, Kashmir-Babri), we'll soon be circled up by China and left behind. This demographic dividend will become the biggest nightmare. We all need to remove the focus from these divisive issues and start asking the government real questions rather than blindly supporting this demagoguery.
