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.