India Will Not Be The Next China
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Published 2022-10-01
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Up until 1990 India was slightly richer than China on a per capita basis, but since then China's economy has grown far faster than India's. In this video we look at the structural issues in India's economy have thus far prevented it from achieving the same level of economic success as China.
The Economic Explained team uses Statista for conducting our research. Check out their YouTube channel: / @statistaofficial
0:00 - 1:50 Intro
1:51 - 2:38 Morning Brew
2:39 - 3:25 Washington consensus
3:26 - 5:53 Protectionism
5:54 - 7:45 Export competitiveness
7:46 - 10:18 Bureaucracy
10:19 - 13:38 Manufacturing sector
13:39 - 16:18 Technology
16:19 - 18:40 Service sector
18:41 - 22:22 Informal economy
22:23 Limitless potential
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All Comments (21)
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Being an Indian, I have seen times when electricity would come for 5 hours a day to now 24 hours a day. I am sure indian future will be bright.
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China has been built on infrastructure, investment and manufacturing; India has barely scratched the surface on all three
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As a Chinese, I am very happy to see India developing rapidly. Competition between multiple powers will bring great benefits to the living standards of ordinary people. I believe that people in developing countries can eventually live the lives of Europeans and Americans through hard work.
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As a 33 year old entrepreneur in India, I'm so excited and grateful for the chance to be young in 2023. It's an exciting time! Lovely to see the episode!
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Working in Silicon Valley, I know so many Indians who plan on returning home to found tech companies. I wonder what role this will play in India leap-frogging into a services economy. Good luck, India!
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India is the origin of Chinese Buddhism and has a splendid civilization. We look forward to India's rise. We are both countries with ancient civilizations and hope that the two countries can develop peacefully.
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India is not next China. India is India! It is unique and has many different potentials.
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I am Brazilian and I want to thank the support from Indians to Brazil on the World Cup and I wish this amazing country, which I have a couple of friends,a lot of success and prosperity 🇧🇷 🇮🇳
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As a Nigerian I feel really happy for India and jealous at the same time 😢. I am 24 and until now we don’t even have up to 5hr of electricity 😭
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China is never jealous of other country’s improvements. Jealousy is never in the Chinese blood. Congratulations to India’s competitive advancements. India 🇮🇳 💪👍 👏
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Few years back, I never thought whole India will be using 5G and high-speed Internet with such an ease. 🇮🇳
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I was from rural india ...during my childhood days saw electric power only for 4 hrs but now things changed n improved alot. We are getting electricity power 18-24 hrs a day. India improved alot in last 15-17 years.
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I am 24 , but i have seen India growing from scratch in front of eyes. Hope India will do progress always. 😊
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Here in India Large chunk of people don't want any changes, they only trust in the government-owned sector. According to them, privatization will make everything more expensive.
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I am a Chinese, I like Indian movies, and India has a well-developed software service industry, which I envy.
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I’ve met many Indians (one of the nicest people I know) and went there for work to give training a few years ago. I was surprised that in a few years they’ve developed so quickly. I wish them all the best. Go India!
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As an Armenian, I am thrilled to see India's economic growth and development! The progress in technology, infrastructure, and business is truly impressive. I am happy to see India on the right track. I'm looking forward to see more progress and growth in India. Keep up the great work!!!
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Trust me I’m just 25 … but I have seen India change so much in front of my eyes. But undoubtedly we have miles to go and a lot more ground to cover ..
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love ❤️ India 🇮🇳 from USA 🇺🇸 Namaste 🙏 🕉
