India vs China: From Double Rich to 6x Poorer - Where Did India Fall Behind?

• In the 1980s, India's per capita income was almost double that of China ($582 vs $307).
• Today, China's per capita income is $13,806, while India's is $2,878, making India 6 times poorer.
• China initiated economic reforms in 1978, focusing on manufacturing, infrastructure, and export-oriented growth.
• India began reforms in 1991, but its pace was slower and marked by political instability.
• China's rapid reforms led to a significant reduction in extreme poverty and propelled it to become a global economic power.