China has 200 lakh CR tax revenue (5 times more than us)
China has 2.2 million R&D workers (2.5 times more than us)
China's R&D budget was 420,000 CR last year (21 times more than us)
China slashed 361 bn $ dollars in taxes (Our Govt introduced GST)
China had 6440 deep tech companies, including 2510 funded companies having collectively raised $99.2B in venture capital money.
Meanwhile, India has just 3600 such companies who raised 1.6 billion last year.
It is a David vs double Goliath situation.
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