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You see, first of all, they did not say that India will overtaken China to become No. 2 in size of GDP pushing China to 3rd place in 4 years' time. 

It said that it will overtake China as the growth engine.  Some of you started talking about infrastructure, supply chain and everything that's out of point. The comments were not even based on facts or at least analysis based on existing demographics and geopolitical conditions but denials because it's.......China. Cannot be! Won't happen! Not in 50 years! Bloomberg!

China is already facing the same problem we are facing ie. too many old farts. Meanwhile the young are no longer as hard driving as their grandparents' generation who came out from an unimaginable poverty. Go to Chinatown and see for yourself. The Chinese eating mala there are not very different from us, with no spurs stuck in the buttock.

Meanwhile India has a very young population. Its forte is in services which China cannot match. But it will catch up in the manufacturing sector as well and take over a lot of the jobs which are no longer cheap to hire the Chinese to do.. Covid and border closures also was a wake-up call for countries telling them to not only rely on China for cheap consumer goods. 

India's young population would mean workers who are innovative and willing to take risks. China's growth engine, its driver for growth were manufacturing and tourism.. Tourism will continue to remain to be a cash cow that India cannot match.

I can go on and on to write a book but I think your brain can only absorb so much, hence I shall stop here.

There are even younger pop countries, that does not ensure all will be successful

If India can do what China did, building own product and services etc then they have a chance
but do you think other countries will allow India to duplicate what China has done.
US, Jap , Ger all want to build their own chips , no one say they will import India chip
Then what is India chance of exporting its own plane? car?
Pharm they are consider big player but low margin and needs to improve quality.
If India cannot even have its own  ERP, word processing, social media then rest will be even more
harder. 
Mind that India have more people to feed when developed countries already face pension protests.
It is not 1990s 2000s 

So India need at least 20 years of peaceful and find workable development plan.