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Do you agree with this take by Paul Graham?

Don't entirely agree- In the early 1980s, China and India had comparable GDP levels, both being predominantly agrarian economies with similar per capita incomes. However, China's GDP grew exponentially over the following decades due to a series of market-oriented reforms initiated in 1978 by Deng Xiaoping. In contrast, India's economic liberalization began later, in 1991, and while it has also experienced significant growth, it has not matched the pace or scale of China's economic transformation.

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News Discussion on

by AITookMyJob

Startup

Controversial: India will never overtake China or US

..unless either of the two mess up insanely bad We'll probably get to the #3 spot if things go well. But it seems impossible that we'll ever go beyond that. Internal reasons that are very hard to fix:- (1) Our population TFR fell below standard replacement rate in 2023. This means we will not be able to follow the same economic growth trajectory required to reach developed status before population stagnation or declination. This is not a death knell but definitely very VERY bad news. (2) Our blue-collar workforce skill levels are not only subpar but are slowly falling behind the world standards every year. Much of our youth aim to join government orgs like the Army or the Railways which train for the job later, not before. Despite a national shortage of skilled plumbers, electricians etc, our vocational training orgs have been unsuccessful in attracting people towards these careers as well as churning out skilled workers. (3) Our bureaucratic environment is extremely slow with pathetic turnaround times on initiatives. This is not government specific and has always been the case so it seems like this will always be. This is not even a problem unique to India as many other countries have been facing this too but it is still a factor that negatively impacts our growth massively. I wish it was just internal reasons but a large part of it also comes down to both China and US being aggressively great at ensuring their successes:- (1) Chinese manufacturing seems nearly impossible to overcome - not just for India but also for the US. Yes, we might win over some industries and companies like the US, Vietnam, Thailand etc. have been doing but the amount of autocratic control in China allows them to crush competition easily. Case in point - the recent tussle between India and China on solar manufacturing which China won by autocratically lowering their prices. (2) If de-dollarisation succeeds, it will benefit China the most because (contd. in comments)

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Misc on

by DesiTraveller

Contlo

🇮🇳 experienced unprecedented prosperity during Mughal Period (1526 - 1858 AD) 😂

This is what google shows when I searched - "When was India the richest country in the world?". India has a long history of wealth and prosperity, dating back to ancient times when it was a major center for trade and commerce. It has advanced civilizations like the Indus Valey Civilisation, which dates back to around 3300 - 1300 BCE. India was known for its wealth and trade networks during the Maurya and Gupta empires, and who can forget the Chola Dynasty which existed between the 3rd and 12th centuries CE. I realised how far history has been altered by these left liberandus to such an extent that we native Indians are made to think that we were just a pile of dust who knew nothing and we were enlightened by these foreign invaders who came from mere desserts and turned us into a pile of gold and silvers. This just needs a little logic to understand that if someone comes from outside to make things better here then they themselves need resources for the same. What do you expect from people who were in dessert to bring in to the land which experiences all 4 seasons, have all major landforms ranging from mountains, land, dessert, seas and ocean. I was watching one discussion on CAA/NRC, in which a muslim leader asked someone in the audience if you have so many problems with Muslims and why you eat biryani so fondly which is a dish created by Mughals. The concerned person from the audience just asked: "What are the constituents of a biryani? Spices, Rice and Ghee. Spices were only found in India during that time. Rice needs water to grow and desserts are deprived of water, and Ghee can only be made using milk of buffaloes and cows. We know that Camels are only found in desserts and ghee can't be made using their milk." P.S. - My point is India was always greatest and rich in traditions be it in any form until these foriegn invaders came in destroyed everything and anything they could and then leaving us beleiving that they helped us come out of darkness.