The success of the East Asian model was predicated on a sharp increase in the investment rate. Beginning with Japan, every rapidly growing East Asian economy sustained investment rates in the range of 38-40% of GDP over its rapid-growth phase.
莫迪所面临的更大的挑战是为其增长模式筹资。东亚模式的成功是建立在投资率激增的基础上的。从日本开始，所有高速增长的东亚经济体都在其高速增长阶段将投资率维持在GDP的38—40%。中国目前将GDP的将近一半用于投资。相反，印度固定投资比率在近几年里已下降到GDP的30%左右。