Few people - in the West at least - want to talk about the real reasons why China and South Korea have grown economically while Africa and India remain mired in poverty.
Bloomberg Quicktake asks: Is India The Next China?
1) India has the demographic advantage vs China for the next 30 years = Yes
2) China and the US have problems. India can take advantage = Yes
3) Indian govt has too many red tapes. = No
4) Indian govt is too protectionist of the Indian businesses. 'Make in India' has actually become 'Make for India' = No
5) India's women participation in the workforce is poor. Plus, its actually declining. = No
6) China has already moved into automation = No
7) China is both known for Manufacturing no.1 and Public Enemy no. 1. Nope, India doesn't want that. So... = No
So that's 5 No - 2 Yes = 3 No = NO!
So, even Bloomberg has already lost belief that India is the next China. It can be summed up in a statement on the 19:10 mark. It goes abit like this: "India's economy has always been considered the next China. But every time this conversation comes up, India is still the next China." I agree, India will always be in perpetual cycle, trying to play catch up with China. But never to actually catch up with China.
With the way India is being governed now, I predict that India is going to become the next Brazil at best. Impressive, but still nothing compared to China. That's the best case scenario. I can't imagine what the worse case scenario will look like.
Of course average national IQ is not everything - political economy (e.g. DPRK v ROK), mineral wealth (eg OPEC countries) and other factors can very much affect national wealth, but a high correlation remains.
India is an unusual case because the high-caste Brahmins may as a group have among the highest average IQ in the world, but they only represent a tiny fraction of India's vast population.