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Next few decades would be interesting. China definitely had the upper hand in industrialisation with little to no opposition to its policies and infrastructure
by shubhamjain 9y ago
Next few decades would be interesting. China definitely had the upper hand in industrialisation with little to no opposition to its policies and infrastructure infrastructure projects. It still has it. But, it seems they have firm belief in tightening their rein. India, on the other hand, while at least a decade behind, is a less restrictive system by design. If it takes few steps right, India could be a less frightening alternative for future investments.
- cannonedhamster 9y agoHeck if India could fix it's power issues and network peering issues they'd catch up pretty darned quick.
- sremani 9y agoIndia is a fragmented country and Modi has to win another term impressively to get any kind of "true" reforms. Even if he succeeds, its the South and West leading the economy and Hindi heartland playing catch-up in spite of being political and population center. India will develop unevenly Gujarat, Maharashtra, TN, AP will forge ahead. The interior will have lesser impressive growth. As long as India periphery is culturally diverse from Hindi core, India is not going to get anywhere. It will grow and medium pace and will make it to middle income in 2040, but nothing stellar.
- dgaaaaaaaaaa 9y ago> As long as India periphery is culturally diverse from Hindi core, India is not going to get anywhere. Could you elaborate on why that might be?
- likelynew 9y agoThat was a racist comment. He/She was referring to Hindi belt, which contains UP, Bihar, MP, the capital Delhi and likes. Many of the regions are poorest in India. This is commonly referred to as core of India.
- sremani 9y agoDo you whine about every comment you disagree with as racism. Go look at the maps of other countries, you will see a pattern that coasts are richer than hinterland. Maligning another person's integrity with ease shows your character, or lack there of.
- likelynew 9y agoWhat? That was really not the point. The GP's point was 'As long as India periphery is culturally diverse from Hindi core, India is not going to get anywhere', which is kind of opposite of what you are saying. Also see 'India will develop unevenly Gujarat, Maharashtra, TN, AP will forge ahead' which shows kind of unhappiness from development of some areas.
- adventured 9y agoI'd love to see India be what China could have been, in terms of being a more liberal, accessible economy. More welcoming to outsiders. Their long-term growth prospects will indeed catch up to or surpass China if they can manage that.