SIPRA
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India's attack on China in 1962 was a carefully chosen time, the two countries overall GDP were about the same in 1962, but Indian per capita GDP was much higher. China was in the middle of a famine, making war preparation almost out of the question. China was a sworn enemy of US and also just fell out with Soviet Union and was extremely isolated in the international community. Due to the backward and weak overall industrial capabilities, China had to buy many weapons from foreign countries but no one was willing to sell to China. In 1962 China was in the worst shape and experiencing the most difficult time in the history, India chose that moment to attack.
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While going for the "Forward Policy", effectively in late 1961, Nehru and some of his close confidants, somehow, were of the firm belief, that China wouldn't react in a big way, against their incursions and probings, in Aksai Chin and along McMohan Line. What was the basis of such ridiculous and silly belief, is not quite known, from the available record. It can, at best, only be conjectured.