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
The simple answer is that they’re less efficient with their labor.
As to why that is, it’s a variety of reasons from India being less friendly to outside industry to having a political structure that is slower to China just doing it first and getting first mover advantage to India specializing in more service related fields (eg customer service) instead of manufacturing.
Latest Answers