Why India should find its own path

India and China posses many similarities both classical cultures with similar problems like overpopulation, poverty, poor rural development, etc. It is good to take inspiration from our Chinese counterparts but not advisable to imitate them. Many argue that the Chinese environment is very conducive for entrepreneurs. It has been stated that even though India has a larger base of IT professionals. China has produced companies comparable on the global scale like Alibaba, Wechat, Baidu, Didi Chuxing, etc. While India has none. The Chinese environment that has produced these companies are due to state protectionism .State protectionism is something that founders of Ola and Flipkart have been requesting the government to implement (Reference). It is true if that if India banned Amazon, Uber, Google and Whatsapp. Flipkart, Ola, Justdial and Hike probably would have become companies much larger than they are today.    It should be noted that state owned or state protected enterprises do well only in the beginning in comparison to their free market counterparts. Example both North Korea and East Germany whose industries were state owned had better economies than South Korea or West Germany till the 1970s after which their free market counterparts. In fact South Korea’s largest Company Samsung Group has a Market Capitalization of $530 Billion USD which is 44 times larger than entire North Korean GDP of $12 Billion USD. This is because in a free market environment forces companies to come up with products or services far superior to their global counterparts to survive. Out of the various Indian startups 99% of them may fail and only 1% succeeds. But they will be built in hot crucibles with the know how on how both in technological and business practices on how to beat their MNC counterparts and when they enter foreign markets they will succeed and become truly global MNCs. This is something lacking in China’s MNC’s as they are poor global competitor. Chinese MNCs like Wechat, Didi Chuxing or Baidu can't truly be called Multinationals as they have poor usage outside China. Hence it is advisable for us to continue on the path we are following now and not get influenced by Chinese state protected enterprises, and build our own Multinationals.