Comments on: India to Grow at 10% per year for 10 Years? https://misesindia.in/2017/10/22/india-to-grow-at-10-per-year-for-10-years/ Economics, Freedom and Peace Mon, 09 Mar 2020 10:41:10 +0000 hourly 1 By: Gene C https://misesindia.in/2017/10/22/india-to-grow-at-10-per-year-for-10-years/#comment-13 Mon, 06 Nov 2017 00:48:38 +0000 http://www.misesindia.in/?p=1282#comment-13 To be honest, I was among the many who were taken up by the idea that India and China were comparable in economic terms. There were even theories that attempted to make them seem equivalent, promoting the use of the term CHINDIA.

After having visited both of these countries in question, there can be no doubt. The differences are so stark that to completely and totally dismiss any idea of them being equivalent, all one needs is 30 seconds outside of the airport in Mumbai and 30 seconds outside the airport in Shanghai.

Outside Mumbai airport is the world’s largest slum. That sight is a more relevant indicator of the state of infrastructure development than several reams of data from the Indian Statistical Institute. Outside of Shanghai airport one sees infrastructure that India could not hope to aspire to within the next several centuries at least. Probably the best hope India has of catching up is to wait and pray that future sea level rise causes Shanghai to drown while Mumbai is spared.

]]>