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China’s economy for the past 50 years has been investment/export/industrialization-driven with permissive building. There are fast approvals, state capacity). India’s became more consumption-led with decentralized hurdles and lower infrastructure spending. China’s GDP multiplied ~30× (1980–2010) vs. India’s ~5×. Productivity growth (output per worker) was nearly double India’s for decades. India and China starting point was … Read more
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