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Is India the next China? When most people look at India, they see a ton of people and cheap labor. But once you dive a little deeper, the stark differences between India and China start to appear. Thanks to globalization, China became the manufacturing powerhouse it is today; India missed the globalization train. So India will probably be just fine when the rug gets pulled out from under the global system. China’s economy owes much of its success to hyper-financialization due to the government flooding projects with loans and capital. Great for the appearance of economic growth, but wildly inefficient and unproductive. In India, capital availability is low, so the projects that get funding are actually productive. #india #china #indiavschina If you liked the material, please help the channel by interacting with the video to help to respond to the YouTube algorithms: 📌 Subscribe 📌 Like 📌 Comment 📌 Share
