Very good observation, it is why you need an authoritarian economy to jump start your country as Japan, Korea, and China have done.A command economy is always going to be more efficent than a noisy democracy like India. But do you really think the 1.3+ Billion Chinese are going to continue to put up with the absurd state control that is present today??
None of the underdeveloped countries or regions who enjoyed a faster development later has been chaotic democrazy like you guys.
Japan was an authoritarian before WWII
Korea was an authroitanrian in the 1960-90s
Even Taiwan Region in China, was an authoritarian before 1996.
You don't need chaos, you need order to develop.