A DAY FOR TWO NATIONS.

Today is a significant day for two developing economies in the world. There is much focus on the potential of the BRIC (Brazil, Russia, India, and China) countries.

India celebrates its 60th Republic day today, which coincides with the Chinese New Year. It is an important day for both Indians and the Chinese living world over. China looks forward to a promising new OX year, while India remembers this day as the adoption of its Constitution from the formerly ruling British Raj. Several issues of concern confront both India and China, which cannot be underestimated at any cost.

Political reforms within the Communist Party in China are intensifying. China’s ethnic minority regions will be particularly restless. Security issues in Tibet and ethnic Tibetan areas also pose a threat. The achievements won at the recent Olympics are also being reflected in “greener” objectives like reducing water consumption, recycling waste and controlling carbon emissions. It is later this year that China will send its first probe to Mars, with Russia’s help.

India is recently shaken, following the terrorist attacks in Mumbai. Black listing of major IT firms by the World Bank was a blow for the outsourcing business. The election season is expected to bring about positive changes and liberal reforms. Policy makers need to maintain broader commitment towards combating Terrorism, Illiteracy, Poverty and Corruption. I strongly believe that only by overcoming such social ills, can the nation be a safe and secure one. This in turn will positively impact on the 7% growth rate aimed at.

The journey of a 1000 miles starts today, with a single step, reminds a Chinese maxim.

(Picture Coutesy: http://www.pjlighthouse.com/wp-content/uploads/2007/04/karl_bang_oriental_art_02.jpg)