China and India

.The vast disparity between the two nations ,be it the GDP,scales of production,the rate of household savings that fund growth ,the rate of inflation , percentage of unemployment , percentage below poverty line and more ,are vital parameters to reckon before we even contemplate to to cash in on perceived woes of China, In each of these we stand immensely outclassed .We are seeing our stocks dive even with our $5trln economy (PPP terms) on a mere sneeze from a $14 trln one !. The one area we could conceivably usurp the hold of China In the course of their current economic / monetary upheaval,,is manufacturing big,medium and small.But look at the comparative figures ,industry contribution to GDP is 44 % to 26; industrial growth 7.5 % to 1.9 ;exports $2.5 trln ( largely electrical and other machinery and we have none ) to our 350 bln .We do not possess the vast array export items they have and the massive base of MSMEs they possess ,that can quickly adjust to fluctuations in demand unlike large entities .That said , with all the plunge in price of inputs as oil and ore ,our steel makers are unable to profit as China's capacity at 882 MTPA simply dwarfs our 86 .Even a devalued rupee is of little help against the might of China.