Capitalism Has Improved Life in India, but the Spirit of Collectivism Still Dominates

Source: Ludwig Von Mises Institute
Published: Feb 14, 2023
Author: Yash Dubey
Post Date: 2023-02-14 19:19:00 by Charles_Byrd
Views: 195

India is currently the seventh-largest country in the world with the largest youth population. There are many elements that make this country unique, the foremost being diversity—diversity of culture, race, ethnicity, and linguistics. India faced an era of colonialism under the British, who would take raw material from India at cheaper rates and import the finished products.

India and Nigeria are both countries that gained independence from Britain in the same period, but India is now rising much more effectively than Nigeria. Indians saved their culture and their religion but adopted the technologies of the West, whereas Nigeria adopted Western culture and religion but failed to utilize Western technologies. Indians adopted British discipline in their army, which is seen clearly and was successful in many aspects on an individual level, but India took the wrong road to economic development.

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