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Many Indian politicians learned the exact opposite lesson from the 90s to 2000s when China's economy far outgrew India's despite the supposed geographical, labo
by akiselev 6y ago
Many Indian politicians learned the exact opposite lesson from the 90s to 2000s when China's economy far outgrew India's despite the supposed geographical, labor, and education similarities between the two (i.e. see the debate from a western perspective in [1][2][3]).
The idea that democracy and free markets help with economic growth simply didn't pan out for India w.r.t. its neighbor and biggest rival. As far as Modi is concerned, why keep trying something that doesn't work? Especially when the alternative is self serving.
[1] https://foreignpolicy.com/2003/07/01/can-india-overtake-china/ https://foreignpolicy.com/2003/07/01/can-india-overtake-chin...
[2] https://foreignpolicy.com/2009/10/06/india-plays-catch-up/ https://foreignpolicy.com/2009/10/06/india-plays-catch-up/
[3] https://foreignpolicy.com/2012/07/05/think-again-indias-rise/ https://foreignpolicy.com/2012/07/05/think-again-indias-rise...
- baybal2 6y agoOne needs to be heavily inebriated to call India a market economy even today, after 3 decades of supposed economic "liberalisation." I myself is in the process of scouting an opening for a satellite office in India now. The progress India made towards freer markets since a decade ago is this ->_<- much. Best to compare it with Bloc of late eighties, early nineties.
- sumedh 6y agoDidnt China open up to the world before India, so they had a headstart.