Economics

That's basically what they explain in the video. They point out that China is an outlier due to Mao era policies that ensured there was a strong educated working class, social support systems, and infrastructure necessary to bootstrap the manufacturing economy. India lacks these fundamentals and it's trying to use the service industry to drive the economy. However, even here they're primarily relying on US companies instead of have developing their own platforms the way China did. They also talk about the role of the public sector in China and the fact that banking is publicly owned, meaning that China is able to direct labor and capital allocation far more effectively. It's a really good contrast of socialist and capitalist paths of development. The video is worth saving to show people who claim China is capitalist.