Too many people. An India with a population of 250mm would absolutely crush it. PCI wouldn't be 6x, but higher because a lot of resources are dedicated to keeping 1B people reasonably unproductive people alive. Absolute large numbers make everything very hard.
Just a day later and now Javier Milei is offering full Argentinean citizenship with residence and passport for $350,000
Countries will keep plucking out the high skilled and wealthy from around the world for better conditions elsewhere
Which is easier than ever especially in Europe
This isn't new of course, this is what the US, Canada, South America and Australia did for centuries to attract people
It's why there's Dutch dairy farmers all over the world because many got poached in 1950 after WW2 to migrate elsewhere (and often get free or cheap land to farm on)