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Home > Business > PTI > Report

India becoming economic powerhouse: Peter Drucker

January 05, 2004 10:24 IST

Management guru Peter Drucker has said India is becoming an economic powerhouse very fast and its progress is far more impressive than that of China.

In an interview to Fortune magazine, he said, "India is becoming a powerhouse very fast. The medical school in New Delhi is now perhaps the best in the world. And the technical graduates of the Institute of Technology in Bangalore are as good as any in the world."

Also, India has 150 million people for whom English is their main language. So India is indeed becoming a knowledge centre, the 94-year-old management thinker said.

In contrast, he said, the greatest weakness of China is its incredibly small proportion of educated people. China has only 1.5 million college students, out of a total population of over 1.3 billion. If they had the American proportion, they would have 12 million or more in college.

In China, there is enormous undeveloped hinterland with excess rural population, but the likelihood of the absorption of rural workers into the cities without upheaval seems very dubious, he said.

"You don't have that problem in India because they have already done an amazing job of absorbing excess rural population into the cities. India's rural population has gone from 90 per cent to 54 per cent without any upheaval," he said.

Everybody says China has 8 per cent growth and India only 3 per cent, but that is a total misconception. "I think India's progress is far more impressive than China's," he said.

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Number of User Comments: 7

Sub: comment on drucker on india

Hi I believe whatever drucker has said, is based on some serious thinking on the part of this great management Guru. When he is saying ...

Posted by swatantra kumar

Sub: India growth

I think India is in the threshhold of a giant leap forward in the economic sphere.Perhaps we could do better by bridging the economic and ...

Posted by s v ramani

Sub: Nice to read Drucker's observation

Hi, It was nice to read that the great management expert, Peter Drucker considers India's progress high. His reference to the Institute of Technology in ...

Posted by R.Narasimhan

Sub: Message from Peter Drucker

I strongly support the views shared by Mr. Drecker. Soaring stock market,expanding manufacturing base,rich resource pool of english speaking people-it all indicates towards India taking ...

Posted by dinesh

Sub: Peter Drucker

I wonder: how many other 94 year olds do you trust to make sensible statements about the world - especially when this one has yet ...

Posted by Richard



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