HOW INDIA COULD TRUMP CHINA AS US POLICY SHIFTS – IN 12 CHARTS

india

Neighbours and rivals, China and India have the distinction of being the world’s two most populous nations. With between 1.3-1.4 billion people each, they account for 36.5 per cent of humanity. But the similarities largely end there. Over the past three decades, China has become much more prosperous than India, with an economy five times larger. While India’s 4-8 per cent growth rate has been quite solid, it lags China’s red-hot pace, which topped 10 per cent for much of the past few decades.

However, this dynamic has begun to change. Since 2015, India’s economy has begun to pull ahead of China’s. The drivers of China’s economic miracle, namely, a productivity-enhancing transition from being rural to urban based, and the impressive buildup of infrastructure are past the point of diminishing marginal returns. In addition, the country is awash in debt. China’s total debt (public + private) has grown to levels comparable to those in Europe and North America, and this portends slower growth…

read more : SCMP, 22.02.2017