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It is simply a lack of economic growth. China has had high economic growth rates, usually over 8% a year, since 1979, when it liberalized its economy. India li
by IndianAstronaut 12y ago
It is simply a lack of economic growth. China has had high economic growth rates, usually over 8% a year, since 1979, when it liberalized its economy.
India liberalized its economy in 1992 during a crisis of payments. Since then it has had modest growth rates, around 6%. Many reforms are heavily constrained by its democratic government.
- sumedh 12y agoI would say culture plays a bigger role, we have excess food grains rotting in government warehouses yet lot of Indians die due to starvation. We simply do not care about our fellow Indians.
- IndianAstronaut 12y agoThis isn't an issue of who cares for who. I don't think any country is going to vary that much in who cares for others. China is the place where a 2 year old girl was run over and no one stopped to help.
- sumedh 12y agoAhh yes the typical Indian attitude of look at the other guy who is worse than me.