Economist explains why India can never grow like China

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india dissapoints boths the optimists and the pessimists

About 15 years ago, I started a company in Xi’an, China. All the paperwork took about 3 hours. The local government even assigned a clerk to walk through the whole process. 3 hours later, I had the license, bank account, and office lease agreement. And the local government even ordered a company name plate as a gift.

Biggest difference between China and India is its beurocracy and governance efficiency where India is still nowhere close to China.

As an Indian, I already instinctively felt the lack of governance at local level but your video made it very clear

China attracts talent and exports industry products; India exports talent and imports industry products.

This is why this channel is way better than "Economics Explained".

Having traveled to China and India, I will say that I cannot see a reality where India undergoes the hyperbolic growth of China, ever. China is a communist country, like the presenter says, and this comes with good and bad things, but the best thing is when the government sets their mind to growth, the economy will grow. Look at photos of Shanghai from the 1990s to now and your jaw will drop. India on the other hand has a very complicated and sometimes backwards system. I've worked for companies that do business in India and every time we try to get basic paperwork done in the country it's like pulling teeth. Any time we are tasked with doing something in India, it's like passing a hot potato in the office, nobody wants to do it, because we all know it'll be overly complicated or we'll deal with an Indian government official whose priorities seem counter to the objectives of the country. I do think India will grow, but we're talking 40 years before India grows to the size of China, I think.

As an Indian, I agree! Please also throw in the huge problem of corruption and organized crime syndicates run by the politician themselves.

Bihar state alone may have contributed to half of India's GDP growth with the number of bridges collapsing and rebuilting.

I started an amazon business in Canada so I had to go to China to source the products. I booked a flight to shenzhen for a week. But I was done after the 2nd day. Efficiency there is like no other. ?You want something done and its already waiting for you.

Seemed many foreign scholars and analysts failed to highlight the critical success factor in China development miracle in the last 30 over years is the good and stable central government which orchestrated the country STEM education, HRM development, attracting FDI, industrialization road map, financial policies and ensure the execution at the local governments. China is able to overcome various hurdles in the execution of their program e.g. the land is essentially public owned. So, the land required for development would be easily accessible and the stakeholders are informed and relocated if necessary.

Take a look at the record of Chinese performance in the Physics olympiads. A yearly international competition of high school scholars. They have by far, attained the most gold medals in the history of the competition. In second place is Iran. The Chinese are in a league of their own.

Indian here. You pretty much hit the nail with your analysis. All the initiatives are often directed from the top and have not been effectively implemented at the grassroots level for a long time. Since Modi's tenure began, there has been a focus on infrastructure. But he failed to make any impact on Education and Health which is not helping. Despite 75 years of independence, our system remains top-heavy and even minor tasks like repairing a pothole in a rural road require approval from the state capital, which could be 500 kilometers away. The division among the populace is profound, making consensus perpetually unattainable. And on top of that there is corruption at every level. Despite this we are growing at a respectable rate. That itself is a miracle.

Lets wait for the Indian online army in the comments section.

Indian here. You are right on every level. The problems with my country cannot be blamed to just government, I believe an equal share of the blame is on judiciary. The courts are slow, weak, inefficient and skewed towards the powerful and prosperous sections of the society. Another BIG problem is no one takes any accountability here, everyone just keeps blaming each other like a circus. Until and unless we as a society starts acknowledging all our problems and start respecting rules, we will never be anywhere near China.

I am an Indian and i cannot change my peoples mindset it sucks man.its like showing a torch to blind person.

India's main competitor is not China. It's Vietnam, Mexico, Indonesia, etc.

Why India can never grow like China? Simple.. China is all action, India is all talk

In India people throw trash on streets and cry that politicians don't keep streets clean