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We sent an email to: Please click on the link inside the email to complete your registrationThis service is temporary unavailable due to system maintenance,cheap toms. Please try again later.The username entered is already associated withanother account. Please enter a different usernameThe email address you have entered is already in use.Please re-enter the email address. By Paul BeckettThere is much self-congratulation in India over how well the country survived the financial crisis, how it is rivaling China in economic growth, and how vibrant domestic demand has sustained it while other nations battle over exports.Essar group chairman Shashi Ruia at a function of the Global Investors Meet in the southern Indian city of Bangalore in June. Shashi Ruia, chairman of Essar Group, the oil-to-outsourcing conglomerate, is rarely seen on the public stage. But he delivered a refreshing balloon pop to, well, basically all of the above when he stood before the Hindustan Times Leadership Summit in New Delhi Friday.India will only become a truly global country—and reap the rewards of globalization—when it is able to sell its own goods in the world marketplace, as opposed to just buying up companies worldwide.It is not enough to produce and sell in India, he said, because the Indian market alone won t be enough to sustain India’s growth; we need to reach out to other markets. He noted that China is now the dominant foreign player in the U.S., the Nafta trade region, Australia and Japan—places east of its eastern border.India’s opportunity to mimic that lies in the Middle East,tomsoutletsalecheap.com, Africa, Europe and Russia where India has to go to occupy its rightful place,tomsoutletsalecheap.com, Mr. Ruia said.But to get there, Indian entrepreneurship won’t be enough—the nation needs to become a leader in manufacturing and infrastructure, two areas where it can learn from China.He then rattled off a series of annualized comparisons that should be essential reading for anyone who believes India and China belong in the same class of emerging economies. Here they are:India makes 65 million tons of steel, China makes 650 million.China makes 11 million cars a year. India makes two million.India-U.S. trade totals $50 billion. China-U.S. trade totals $450 billion.Mr. Ruia found a positive spin: It just reflects the potential for India’s growth. But he also complained of a lack of national vision needed for the industrialization that India requires. We need a national commitment, national management, a national resolve, a national strategy, a national belief we could do it, he said.Unspoken was the suggestion that China has all these—and, for now, is leaving India in the dust. Add a Comment Error message Name We welcome thoughtful comments from readers. Please comply with our guidelines. Our blogs do not require the use of your real name. Comment Comments (5 of 13) View all Co Related articles:

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