Adding to your point, something I have thought about India: India really exploded after the development of new industries that basically moved too fast to fall

Adding to your point, something I have thought about India: India really exploded after the development of new industries that basically moved too fast to fall under the "License Raj" mentality that exists. Infosys, Wipro, TCS, Flipkart - these companies simply would not exist if they had to go through the struggles that other companies have to go through.