Can India become the next China? Could India become the next factory of the world?

Can India become the next China? Could India become the next factory of the world?
#chinasnewnormal #india #factory

CONTENT
00:00 Why we need to ask the question whether India could become the next China?
01:24 What are economic historical similarities between China and India? How did India and China evolve over the past 75 years?
08:31 Can India follow China? Why did India evolved much later as economy since the 80s? What will happen in this decade with India's growth, consumers and market?
18:48 Will China remain the factory of the world in future? Could India replace the new or old factory of ChIna? What changes does India need to make that China did so very well?
22:06 Can India become the next China? What is difference between India and China in territory, arable land, farmers, demographics, diversity, consumers? What are India's opportunities this decade to chase China as factory of the world?
30:57 What are the main systemic challenges India is facing to replace China as the world's factory? - Bureaucracy, election system, protectionist attitude and corruption
- Inequality of workforce: women, cast system and informal workers
35:52 Which six industries should we watch in India taken China's past market growth as a guidance? - Agri-/foodtech, Meta/Fintech, healthtech, infrastructure, automative and FMCG.
37:26 How much is India behind China? It depends on whether we talk about humane industries or production industries. Industries of impact on people's lives have more delay of India than in China, but that also provides the biggest growth opportunity for India.

ABOUT PASCAL COPPENS:

BOOK - CHINA's NEW NORMAL

[PascalCoppens]

This video is a little longer, but then again it is a big topic. I also wanted to make up for not sharing videos these past 2 weeks. ;-)
As explained at the end of my video, I will be posting Pascal's China Lens every other week now instead of weekly as I am travelling too much since the travel restrictions have been lifted in most countries. I might make some short videos on location if that is of interest? Do let me know.

[liubang]

India not targeted by US yet not because they have democracy but the American don't see them as a threat, however once the India begin to rise to US the narrative will change immediately and it will be interesting to see how India cope up with the western sanction...Therefore we will see how India tackle with those western sanction which in my opinion that the Indian might not able to handle as well as their Chinese counterpart ...

[skmplanet]

The rise of China in very short period, is what the humanity had never seen or heard of. They have achieved it by hard labour and not by hypocrisy or colonisation or by exploiting others. All have to accept it and appreciate China.

[jackzhou]

I am Chinese. Thank you for the detailed analysis and comparison between China and India in this video. I hope that India and China will return to their rightful positions in their respective histories as soon as possible. Although the two countries have large populations and industrial competition, I still believe that these two countries will lead the world economy to become the two most powerful economies in the future.

[deusexmachina]

I'm an Indian and as much as I would love to see India grow and transform, we are still very behind in most of the things when compared with China or USA. Don't know what the future of this country would be, but we can only hope for it to be the best.

[criminallov]

as a foreigner recently visited India..I can say that India is seriously focusing on infra..when I googled I found out that they are already building 28 expressways and they recently introduced logistics policy to reduce infra issues

[jimmylam]

Lee Kuan Yew once said " No one single person can change India ".

[tuppenceworth]

Not every country can replicate China's success. A country's success is dependent on many factors, not least human factors such as intelligence, culture, capacity for hard work and skill.

[pierreekango]

It wasn't competition that gave western countries the edge.
It was Empire and colonialism.

[sugarsweethoney]

Totally disagree with your saying the US/West likes or prefer to do business with India rather than China because India is a democracy. This is nonsense. India has been a democracy since they gained independence from Britain about 50 years ago. Why is it only now that the West prefers to do business with India? What took them so long?
Just wait till China surpasses US becoming number 1 while US is downgraded to number 2. Would the US and the West still support India to surpass them and catch up to China? or most likely you find US/West start supporting the different religious, ethnic factions in India to rise up with colour revolutions, wars and chaos like they did to the middle East or what they have been doing to China with Taiwan, Xinjiang, HK, and Tibet. India then get broken up into small useless puppet states of the West.
The West has propagandize and make democracy out to be some kind of beacon, the best ever. No it is not. Democracy is a nightmare for many because at its root, democracy is a divide n conquer technique where people are divided into different groups/parties, all fighting each other wasting time, money, effort, and resources. It is a system that benefits a few elites at the the expense of the mass of population. Every few years the country goes into a civil war in which the top few goes in for a power grab. It creates conflict and instability. As soon as someone gets elected, the losers could band together to undermine the winner. Nothing ever get done or resolve. The few handful of Western countries and the US/Canada etc were rich and successful is because they were living off the fat of their ancestors colonial days and living in debt. How many democracies are there in the world, and how many of them r actually successful, prosperous n stable? If democracy were so good, then India, Latin America, and many other poor, third world countries would be well ahead by now.

[cw]

China, Japan, Korea, Taiwan, Singapore, Hong Kong are doing very well in terms of economic development. They all belongs to the same Confucius cultural sphere. The names the people in these countries are all written in Chinese characters and they all use chopsticks for eating. Even the Chinese living in Indonesia, Malaysia, Thailand, Vietnam are very rich. Confucius culture plays a role in promoting economic development.

[turtlesoup]

A few points i would like to point out:

1) Diversity, in most cases, is a burden, not a strength. You will need extra effort to have a harmonious society that does not divide itself from difference in culture, religion and language. China has been unified for thousands of years in many of their population center and many of the Han ethnicity are in fact assimilated minorities. To prove my point, Japan and Korea is even more homogenized than China and yet they are also highly successful and innovative during their peak. Diversity is something we have to deal with because it is a reality in many places, but do not mistaken it as a strength or somehow an inherent advantage to creativity and innovation. What truly helps innovation is the environment and condition to innovate such as education, wealth, work culture etc, rather than ethnicity.

2) Western democracy is an experiment and as you said it yourself is highly flawed due to the involvement of capital. It is not a true democracy since your votes and choices are controlled by the capitalist. The experiment is about to reach its conclusion. Look at the collective west and even the so called asian "democracies". Many are showing weakness as well and many are still stuck in poverty. Western preference to befriend other democracies is based on lies and flawed ideologies. The elite loved other democracies because they can play them by the same rule: capitalism. By excluding other non western democracies in relationship is undemocratic in itself. What an irony.

3) India's demography is an advantage and a burden to the country. It cannot get demographic dividend if education, healthcare and employment does not keep up. It is a double edge sword that can lead to social unrest. An aging society is also not all bad as it is a stable one. As long as thee aging is within reasonable range and not too fast to overwhelm the country's pension system, a populous country with limited resources like China can benefit from a slight population reduction. GDP will not grow much, but gdp per capita will grow and therefore improving overall living standard.

[yoyohighness]

Me as a Chinese never think China and India are rivals, historically both ancient countries complement each others well both culturally and economically. We share similar memory of suffering from western imperialism and endeavor the alleviation of poverty and get back to its rightful geopolitical status on the world stage. My best wishes to my Indian brothers and lets work together the rejuvenation of an Asian Era rather than fighting over who is stronger than whom . Raise you hand if you agree with me !!

[samratkoley]

Hi Pascal I am an Indian so I know what is the conditions right here in india. I read quite a few comments, people are talking about a lot of problems and concluding 'that's why india can't become like that'. Yes I have to agree some are true but most of them are not. In the past we also had a lot of problems but we counter them. Some are trying to say that their people are smarter than indians so we develop this much. But in practical every people in the globe is equal. It's only about recourse, time and infra. If one country can arrange it they will develop further. About hard working if you insight into the life a common indian guy then you will find how how hard working they are. Jai hind 🇮🇳

[henrikaize]

Can India become the next China? Could India become the next factory of the world?
yes if they replace their democratic system with Chinese administration system

[god]

Casteism in India currently is extremely limited to some remote villages.
Also, someone's caste is not an obstacle to prevent them from taking up whatever job they want to do, nor did I see any ofy classmates from the so called Lower Castes facing any discrimination anywhere at school and as such. I think caste is no more a big issue in India.

[rudra]

Love the fact that the whole world still views india the same way it used to do before
It's actually an advantage
Citizens of other countries don't consider you as a threat and hence no public mandate for their leaders to pursue
I hope world keeps on having this view of India since it's obviously not a easy thing to grow when other countries hate you

[siewkonsum]

The way of the Chinese huge & unprecedented national success in a short 30 years cannot be replicated by or copied by any other country in the World.

Because it doesn't depend on one & or a few factors but the entire unique ecosystem of the Chinese culture & civilization evolved, developed & refined continuously for a long period of a few thousands years!

[metromaster]

As an indian i can say my country is developing in rapid speed, i know USA and China are far ahead from us, but ey what I see is, we currently doesn't have too much to lose, rather than gaining and growing . And that's a good thing 😊🇮🇳

[kaml.]

Any country can become a great nation if its citizens set their minds on it. If there is a will, there is a way!