Can India replicate China's economic success?
It has been repeated quite often in our media that the economies of India and China were almost equal in size almost three decades back, but now China’s economy is six times bigger than India’s. The remarkable success of China’s economy has changed the world and pushed the frontiers of human achievements in different areas including space. Perhaps the greatest impact of economic development was the lifting of more than 800 million people out of poverty. The whole of the developing world today looks up to China to understand how to achieve similar economic transformation and many countries in South East Asia, most prominently Vietnam, are replicating the success of China. And India is struggling to industrialize itself by emulating China’s success story. Now the question is ‘can India do it’. If yes, how can India do it? It is important to understand that the world has changed in the last three decades. China is the greatest beneficiary of globalization pushed by the United States for