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If India's manufacturing sector grew at 8% compounded for the next 30 years and China's stayed the same, India's still would not be as big. That alone reflects the scale of the challenge India faces.
India's economic rise leads to honest questions about how it fell behind China in the first place. It's strange relationship with the Soviet Union, colonial legacy, manufacturing challenges and past policies have all played a role.
India's demographic dividend is more time sensitive than most people think. Yes, it has advantages but the window and manner to capitalise upon them is
not permanent or straight forward.
#india #economy #indiaeconomy #china
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2024/07/20
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