how is India, equally populated country to China, is nowhere near the economy level China (EVERYTHING is made in here) has achieved with its manpower.

Question

how is India, equally populated country to China, is nowhere near the economy level China (EVERYTHING is made in here) has achieved with its manpower.

In: Economics

Answer 1

China began modernizing/liberalizing it’s economy in the 1970s. India began modernizing/liberalizing its economy in the 1990s. In particular India suffered a lot in the 1970s and early 80s, which led China to overtake it at that time. China therefore has about a 20 year headstart on development.