China and India are as different as chalk and cheese
India’s argumentative liberal democracy of 1.3 billion people with a massive ethno, linguistic, religious and cultural diversity is unparalleled in the world. India truly is an example for the rest of the world that a very large country with unimaginable diversity can still make significant development gains within a democratic set up. There is so much that is wrong in India, but one needs to accept that there is so much that is right.
In comparison, China has more of a social homogeneity and communist party-state system. The key factor that has allowed it to focus single-mindedly on growth. Indian former Prime Minister Manmohan Singh once said, there are “other values which are more important than the growth of the gross domestic product” and that “once a democracy decides on the basis of a wide-ranging consensus, any reforms that are undertaken will be far more durable, will be far more effective than reforms introduced by the writ of a ruling group in a non-democratic setup”.
TRADE ANALYSIS | AYAAN CHOPRA
This story is from the August 2020 edition of Shoes and Accessories.
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This story is from the August 2020 edition of Shoes and Accessories.
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