Finance, Forex and Investments

India Vs. China economy question?

Economists and reports (newspapers) in general keep saying that in the long run India will become the worlds largest and fastest growing economy , and it will rise as a superpower even above china. Most of these economists and reports back this belief by saying that China will have a reduced workforce due to its "One family one child" policy, so the population/workforce will shrink and the already existent people will age and expire. But what makes people think Communist China will stick to this policy? I mean they possibly cant respect their communist values above the love they have for their nation? I don't understand what makes this policy so static? They'll obviously change the policy if the need to compete with India ever arises, correct? Why are economists so bent on making claims as if this policy would be certain for the next 20-40 years?

Public Comments

1. Actually, India will succeed because it will have the latecomer's advantage. http://www.google.com/#hl=en&sa=X&ei=RNydTYGwHua-0QGM3e29BA&ved=0CBMQBSgA&q=economics+latecomer+advantage&spell=1&bav=on.2,or.r_gc.r_pw.&fp=d8193e5b46b6707
2. 1 - Granted, China has a rather authoritarian government, but it's CAPITALIST. 2 - Even with the One-Child Policy in place the Chinese population continued to rise, so no pressure, the so-called "economists" are rather dim on real-life statistics, China can't possibly run out of people to power the industry. In fact, a booming population can pose more danger to the country that a shrinking one, imagine all the social problems caused by unemployment and a strained social service network that can't cope with the demand? 3 - The One-Child Policy is designed to last for one generation, and is coming to a close in this decade anyway. They have more foresight than you think.