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The author, based on the concept of modernization development, explores the political and economic aspects of this process in the period after the liberation of these two major Asian countries from colonial dependence on the example of India and Indonesia.The theoretical framework of the study includes the works of the classics of Marxism-Leninism, key postulates of development economics and the theory of economic growth. The econometric analysis, covering the period 1955-2017, uses a general growth model that takes into account not only physical and human capital, but also time as an event space of creative economic activity.The monograph is intended for a wide range of readers interested in the politics and economics of developing countries.