New York Times reporter Jim Yardley covered China for about six years before moving to India two years ago.

He has explored both of these economic goliaths through and through, and has an interesting take on their very different economic paths:

China's state-dominated economy is quick to answer global market demands building the necessary infrastructure and providing an endless supply of skilled workers. However, its tight grip on the business sector has led to controversies about its labor and environmental practices among other issues.

India, on the other hand, has been a democracy all along with a thriving private sector. But its lagging government has been chaotic and slow to address its lack of proper infrastructure.

Watch below our interview with Yardley, who just published a new book 'Brave Dragons' about the rise of basketball in China.

He explains how the two states got to where they are economically and what lies ahead. Yardley also talks about Apple's controversial gadget-producer Foxconn, and why India will not be a leader in electronics manufacturing any time soon.

Produced by Kamelia Angelova, Robert Libetti and Dan Goodman

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