AssassinsMace
Lieutenant General
The Indian scholars and businessmen are taking for granted that India will become the 3rd largest economy in the world. Sunil Barthi Mittal is saying that it's "written in the stars". Comments section is interesting.
Sunil Mittal said that China had a "free pass" with the US market in the past. India doesn't have that today, but it has a 1.5 billion strong consumer market. So he is basically saying that India doesn't need the world market to grow into the third largest economy. Who needs the US and Chinese market anyway?
Here's the problem. India joined the WTO in 1995, while China only joined in 2001. So in terms of having a "free pass" with the US market, India had a 6-year headstart over China. So why didn't India ran ahead of China first? Why did US companies predominantly chose to manufacture in Communist China over Democratic India?
The Indian elites have never dared to ask what if India doesn't achieve it's potential. What if India's lack of success vs China is purely self-inflicted? Opportunities were there, and India's opportunities were actually much better than China. But India keeps missing opportunities and then blames others for it. Right now, India is on course to miss yet another opportunity. But this time, Automation and AI would eventually close the best windows of opportunities for India for good. After that, it's the middle income trap.
Indians are the masters of spin. India has the courtesy culture where they will lie to you if they believe you'd rather hear the lie than the truth. That's what happening here. Yeah, why hasn't India caught up and surpassed China if they believe India has all these advantages that China doesn't? It's because there's something wrong about India that prevents that from happening and they don't dare talk about it because none of them want to hear it. Just look at the AI discussion at Davos that someone here posted where the India representative on the panel argued that India was actually in the top tier with the US and China on AI development even though they have no models to show of. Just like everything else, all they have is just saying it and you know they would immediately show it off if they had one.
It's like I saw something on YouTube from BBC Asia talking about how Vietnam is now trying to replicate how China does things but they're not ever going to admit it because they're anti-China. The fact is all countries that are anti-China are just envious and they're not going to learn how China did it because they're they don't want to admit it that China got it right. Look at the Bolsonaro right-wing of Brazil. They hate China because they think they should be where China is at and not China. And because the West is suppose to be the best model of the world, how did they do it? They raped their way to get where they're at. That's why Europe ain't doing so well these days because they no longer have their colonies to take from anymore. They're not going to admit that.