>>214262857
Do Indians actually believe this nonsense? The real reason is as
>>214263892 mentioned.
China used its huge population wisely after Deng's reforms, which was only possible due to its socialist state structure. It became the centre for industry almost by force, thanks to command economies having no overhead at risk of supply-demand miscalculation.
India didn't, because there was no chance India could do the same but with services instead. That's much harder to do because then you're directly competing with rich Western economies (who didn't and still don't care about industry).
And no, the License Raj didn't have much to do with it, because that was state capitalism too, just extremely bureaucratic.
>>214264153
>They'll probably be an entire firstie country by 2040 or so.
In terms of per capita matching the Western economies? No chance. Their economy as a whole will however outdo them individually, but they've got too many people still. They can't all live like Westerners.