As India begins to prepare itself for a second wave of growth in the aftermath of what has indeed
proven to be a difficult financial crisis for Asia, questions are now being asked as to the extent of
competition India really brings to global markets when measured against China.
In some respects, the rise of India has been greatly overshadowed by what has happened in China over the past 20 years. If development in China had not occurred, then it would be India to be considered the new darling of global growth. To some extent, that has enabled India to commence its own growth curves without the media attention that has been focused on China. In other ways, however, there is little doubt that the phenomenal growth of China has served to spur India into action, and to finally release the country from its moribund, 50-year-long post-independence hangover.
Read more about the comparison of India and China’s economies, including:
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