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Why India Isn’t the New China

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Why India Isn’t the New China

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https://www.wsj.com/economy/global/why-india-isnt-the-new-china-e61f4699


An air conditioner factory in Greater Noida, India, last year. Anindito
Mukherjee/Bloomberg News
 1. Economy
    
    --------------------------------------------------------------------------------

 2. Global
    
    --------------------------------------------------------------------------------

 3. Heard on the Street


WHY INDIA ISN’T THE NEW CHINA


THE COUNTRY’S POPULATION SURPASSED CHINA’S LAST YEAR. BUT INDIA’S PATH FORWARD
IS LIKELY TO LOOK VERY DIFFERENT FROM ITS NEIGHBOR’S.

By

Megha Mandavia


and

Nathaniel Taplin


Updated Jan. 19, 2024 12:05 am ET

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China’s economy is struggling, but another Asian giant, neighboring India, is
suddenly squarely on investors’ and manufacturers’ radar. The first two decades
of the 21st century were largely the story of China’s rise. Will the next two be
the story of India’s?

There are plenty of reasons for optimism. The country’s population surpassed
China’s last year. More than half of Indians are under 25. And at current growth
rates, it could become the world’s third-largest economy in less than a decade,
having recently overtaken the U.K., its old colonial ruler, for the no. 5 spot.
India’s equity market has now seen eight straight years of gains. Worsening
trade relations between the West and China only helps its case.

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