Some investors see India as the new China, but the South Asian economy still has to narrow a few gaps.
These factors make it difficult for India to surpass China as the factory of the world.
The country's potential appears brighter after its population surpassed China's, prompting many observers to tout the South Asian country as the next economy to watch.
There's so much optimism about India that Goldman Sachs forecasts India's economy will surpass the US by 2075.
Here are four ways India is still playing catch-up to its Asian rival, China.
Persons:
Goldman Sachs, Pramit Chaudhuri, Chaudhuri, Narendra Modi's, hasn't, Eurasia Group's Chaudhuri, Ashutosh Sharma, Forrester
Organizations:
Service, Eurasia Group, Swiss, UBS, East, China, US International Trade Administration, Bank
Locations:
India, China, Wall, Silicon, South Asia, China's, Eurasia