India increased by 24% of China’s income after 1978, China’s richest country has been made

The world’s famous advisory company Mckenji had a shocking disclosed in a report about four years ago. According to the report, China became the richest country and is reigning the world. It is said that the rapid increase in China’s wealth in the last 20-22 years is surprisingly for the whole world. But there was a time when India was poor than China. Then how did it be so rich?

Heavily bounce in China’s wealth

If this report is believed, the total wealth of China was about 7 trillion in 2000, which has increased by 120 trillion today. This bounce is historical for any country. When the report came, the United States was second in terms of wealth. On the other hand, India was seventh in the seventh position of 2.26 trillion. But the real economy of India had been estimated that the real economy of India was close to 3 trillion that year.

China had ever been poor than India

It is surprised to learn that China was worse than India, about 45-50 years ago. Before 1978, China’s economy was very weak. The World Bank reports that about 26% more people were below the poverty line than in India. The per capita income was also very low. In 1978, China’s revenue was only 155 USDs, while it was 210 in India. That is why India was in a better position than China.

Large change after 1978

The actual turning in the history of China is considered to be the year 1978. At that time, after Mao’s death and cultural revolution, China was looking for a new way. Mao’s successor Deng Shariaping started economic reform and gradually, China opened his economy for the world. At that time, the land and production were emphasized, the educational system was expanded on the educational system was strict. This improvement became the greatest strength in China later.

Compared to China and India

In the last four decades the difference in India and China clearly visible. While after the 1991, India’s per capita income has increased only 5 times, the per capita income of China has increased 24 times. That is why Chinese citizens are rich about 5 times from India.