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I was listening to this debate on India vs China. Professor Dr. Kishore Mahbubani posed this question (watch from 17:21).

Let us see the following graph:

India has a population comparable to China. But, the size of its GDP is much lower. Also, India's wealth gap is horrible.

Why couldn't India grow its economy as fast as China did?

Note: I am interested in 1978 and onward as Deng Xiao Ping's economic reform came around this time.

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  • $\begingroup$ It is as you say, greater inequality and less state management has held India back. $\endgroup$
    – Steve
    Jun 27, 2020 at 1:08
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    $\begingroup$ Some references: China's Lessons for India (2017), China and India: A Tale of Two Economies (2006), India's and China's Recent Experience with Reform and Growth (2005). $\endgroup$
    – user18
    Jun 29, 2020 at 4:27

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