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**In terms of economic performance, India is more likely to be like Latin America than China.**
If we deeply analyze economic performance of nations and regions of the world, there are three regions of the world which have been performing well economically, graduated from the so called middle income trap and reached the status of advanced economies, these regions are Europe, North America and Northeast Asia+Singapore , (Japan, South Korea, Taiwan, China plus Singapore), If we thoroughly analyze why only those regions of the world have become successful economically, we can see Europe and North America, which belong to the same Western culture, benefited from the **Industrial Revolution** and the technological and scientific breakthroughs associated with it, Northeast Asian nations share Confucian based Chinese culture which is the probable factor of their economic success.
As of early 21th century, no other region of the world has shown signs that it will follow the footsteps of Europe and North America (Western cultural sphere) or Northeast Asia (Chinese cultural sphere), For that reason India is more likely to follow the footsteps of the economically stagnant Latin America than Northeast Asia or the West.
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