Quora users ask: Why is India more developed than China?

1. The population distribution in India is more advantageous than that in China (dependency ratio: China has more people over 60 years old) (dependency ratio: refers to the proportion of children and the elderly in the rest of the total population. )

2. Compared with Russian and China, Indian free market economy has a longer history.

The state-owned economy accounts for only 14% of GDP, while China accounts for more than 60%. You also know the competitive efficiency of state-owned enterprises.

Indian capital market is more open than China.

4. Reserve Bank of India (RBI = Reserve Bank of India) is not influenced by the government, while China is not.

Since India's exports are basically composed of services, there is little fluctuation. China exports manufactured goods, which are easily affected by cyclicality.

6. India has a high savings rate, but it has not affected domestic consumption.

7. India's advantages: English, freedom of the press and sound legal system.

In terms of comprehensive national strength, China is certainly a little more developed than India, but we should not be too proud and look down on others. The nation has not yet been revived, and the Chinese still need to work hard.