To try everything Brilliant has to offer for free for a full 30 days, visit https://brilliant.org/moneymacro If you appreciate the research, consider buying me a 'coffee' at https://ko-fi.com/moneymacro or supporting long-term for membership benefits via: https://www.patreon.com/moneymacro WANT AN IN-DEPTH INDUSTRIAL POLICY MASTERCLASS? △ https://school.moneymacro.net/p/industrial-policy-masterclass SOURCES: Raghuram Rajan: The Third Pillar: https://amzn.to/3ziHNbr (affiliate link) Davesh Kapur: https://www.aeaweb.org/articles?id=10.1257/jep.34.1.31 Acemoglu & Robinson: The Narrow Corridor: https://amzn.to/3RCnY4T (affiliate link) I've linked all other sources in the blog that goes along with this video. Links are in the text. https://www.moneymacro.rocks/blog LIKE CHATTING ECON WITH ME? △ Follow me on Twitter: https://twitter.com/joerischasfoort △ Follow me on LinkedIn: https://www.linkedin.com/in/joeri-schasfoort/ △ I have a private Discord server for Senior and Chief economist Patrons / members. Timestamps: 0:00 - introduction 1:42 - history of China & India growth 12:39 - India's problem today 20:06 - reasons to be optimistic & sponsor Attribution: Music by Epidemic Sound: http://nebula.tv/epidemic Thank you to AP Archive for access to their archival footage. Narrated and produced by Dr. Joeri Schasfoort Edited by Chris Adewole