The $5 trillion blast from the past
India focused on import substitution for a long time. So, it never got an export strategy going
If the Indian economy, like the Chinese, had grown at 9.5% per year since then, the Indian GDP in 2018 would have been $11.4 trillion, almost $600 billion more than that of China
In 1960, the Chinese gross domestic product (GDP, constant 2010 USD) was at $128.3 billion. That same year, the Indian GDP was at $148.8 billion, or 16% more. This trend of the Indian GDP being higher than the Chinese GDP continued nearly for the next two decades.