India Is Passing China in Population. Can Its Economy Ever Do the Same? - The New York ... - 0 views
-
The two nations share several historical parallels. The last time they traded places in population, in the 18th century or earlier, the Mughals ruled India and the Qing dynasty was expanding the borders of China; between them they were perhaps the richest empires that had ever existed
-
But as European powers went on to colonize most of the planet and then industrialized at home, the people of India and China became among the world’s poorest.
-
As recently as 1990, the two countries were still on essentially the same footing, with a roughly equal economic output per capita. Since then, China has shaken the world by creating more wealth than any other country in history. While India, too, has picked itself back up in the three decades since it liberalized its economy, it remains well behind in many of the most basic scales.
- ...19 more annotations...