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
China got the ball rolling before India, and then economies of scale took over. Back when globalization was in full push, everyone wanted to offshore manufacturing, and China became the primary destination for a number of reasons, not least of which was the Chinese government heavily stepping in and making offshoring to it cheap and easy. The West then spent 30 years helping China build their industry because it was cheaper, and thus it got cheaper and cheaper to continue manufacturing in China; economies of scale are very important, and once China got the infrastructure set up for massive manufacturing, no other country could keep up. By the time India opened up and was ready to accept more Western investment, China was too far ahead.
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