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News: The Chinese model has allowed it to make significant economic gains, as was revealed in the recent report that it had raced past the US in wealth gain over the last two decades. This is in contrast to the Indian democratic model, which faces many challenges.
What are the challenges facing the Indian democratic model?
The government was able to push through some controversial measures like demonetization and GST bill.
But in the matter of the farmer’s bill, though economically sound, it was forced to repeal those laws because of the democratic nature of Indian politics. Here, politics triumphed over the economy.
What are the strengths of the Chinese model?
China, guided by the single pursuit of economically overthrowing the USA, can take tough and strict measures. In China, opposition holds little or no power against the ruling segment.
Source: This post is based on the article “Elephant vs Dragon” published in Times of India on 24th November 2021.
