It's well worth questioning how much of the Chinese growth was real. I don't doubt that it's more developed and wealthier than India, but 5x? I'm skeptical. There's been a lot of fake growth in China that was really just capital misallocation.

From the outside, my sense is that India's big hurdle is the overbearing regulatory state. If India ever enacted free market reforms, they'd soar past China in no time.