With a 23.25 trillion economy and 2.

2 trillion worth export, China is the 2nd largest

economy and the global factory of the world. Large companies like Microsoft, Sonny,
Apple prefer China to manufacture their products. In 1990, the manufacturing output
was only 3 percent and in 2018 it became 25 percent. This country produces 50 % of
the world's cement, steel and apples. So, the key reasons for its massive growth and
the difference between India’s and its economy along with various ways to make
India can forward are stated below.
One of the major things which China is doing is focusing on its economy and human
capital i.e. people. Unskilled labour is easily replaceable but skilled labour is that
type of labour where your experience becomes your asset and you become an asset
for your company or business. China's population is its asset and the labour are not
cheap but is very productive. This is possible because China focused on vocational
training which means practical skill based or technical and this is not only possible in
schools but also in work places, industries through internships. In contrast,
employment of Indian graduates jumps to 47% in 2019 from 33 % in 2014 and even
after 10 years of education there is no guarantee that you will get a job but you will
surely spend a lot of time in formal education.
Additionally, to save time and money China created special economic zones where
each company could get everything, they needed in one area. This led to
infrastructure development, increase in connectivity and people got more
opportunities. Such special economic zones are available in India as well but what
India doesn't have is migration control. Major development takes place only in big
cities and there is a misconception that city life is better in general which is already
overpopulated. China controls migration by issuing a domestic passport in short
whichever area your families are from and shifts elsewhere then you lose some free
benefits. This is called the hukou system which encourages rural people to set up
local businesses. More Jobs are also created in rural China through e-commerce.
To top it off, it’s the Chinese Government and businesses working together. China
started building ports for Sri Lanka and ensured that a Chinese company got that
contract. Pakistan economic corridors are built by the same. So, China gives a loan
to a country and with the same money that country hires a Chinese firm all the while
paying interest to China! The government ensures that Chinese industries keep
growing. China leads in fortune global 500 companies among which 129 companies
are Chinese whereas there are only seven companies from India. China creates
infrastructure to support industries. For example, the fastest train from Mumbai to
Delhi takes a little less than 17 hours where the fastest train from Beijing to Shanghai
is less than 5 hours and the distance is approximately the same but the technology is
miles ahead.
What can we do to make India forward is to think what and how can we add value.
Everyone knows our education system is flawed so we should stop running behind
degrees. The world is changing and we learn anything through technology.
Nowadays people are learning coding in 6 months and making apps for international
clients and earning in dollars. every state also needs to have jobs for their
population. So, it’s time for us as common citizens to make uncommon decisions.