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Short answer is no. Different economic and political systems. India simply lacks the degree of centralization and stream-lined decision making that China has, which has its pros and cons. India's economy will probably grow at a steady 7-8% clip for the next couple of decades with some spurts of 9-10% laced in if it continues on the path of regulatory and tax reform; but it's an entirely different beast than China. The only things that the two countries have in common are the antiquity of their cultures and the sheer size of their populations.
so: "will a country where roughly half the women can't read become something better...like a country with severe limitation of free speech at least"? Good question and: No.
India/China are temperory liberal overhype - their economies are growing but so is every poor country in the beginning.
so: "will a country where roughly half the women can't read become something better...like a country with severe limitation of free speech at least"? Good question and: No.
India/China are temperory liberal overhype - their economies are growing but so is every poor country in the beginning.
China is not a first world country but it is not a poor country either. Its GDP is almost the same as the US (depending on nominal or PPP).
It has nothing to do with "liberal" either. In fact China and conservatives share more values.
Last edited by Bettafish; 03-24-2017 at 07:00 PM..
China is not a first world country but it is not a poor country either. Its GDP is almost the same as the US (depending on nominal or PPP).
It has nothing to do with "liberal" either. In fact China and conservatives share more values.
GDP overall means nothing, only per capita matters. Last time I checked salaries in China excluding Hong Kong were <$350/month.
The upper-middle class in Indian big cities is doing well right now. It is commonplace to see people who live in tall high-rise buildings with swimming pools, gyms and other amenities. There are many more shopping malls, restaurants, luxury car dealerships, western brands and other signs of affluence than there were before. It is very noticeable.
I go to Kolkata every year and see these changes. Mumbai, New Delhi, Bangalore and Chennai are probably even more advanced than Kolkata is at this point.
However, if you go to the smaller cities and villages, they don't have nearly the same level of amenities as the big cities do. So, there remains a pretty wide gap there.
Bloomberg gives an average salary of $716 for 2015.
Even if true this is lower than some Eastern European countries(Estonia, Slovenia), lower than Greece, Portugal and several times lower than many others. It's definitly low by all standards.
Even if true this is lower than some Eastern European countries(Estonia, Slovenia), lower than Greece, Portugal and several times lower than many others. It's definitly low by all standards.
I agree. But it doesn't take into account the differences between regions. Shanghai for example has an average salary of almost $20,000, and there are many major cities over $10,000, but then you get out in the sticks and I bet you could find people doing less then $100 a month. China is just a massive country. Jiangsu province has an average salary over $10,000 as well and the population there is 80 million. China is nearly as big as Europe with 3 times the population.
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