Will India Trump China as US Policy Shifts?

Changing times

ERIK NORLAND, SENIOR ECONOMIST AND EXECUTIVE DIRECTOR, CME GROUP

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% of humanity. The similarities largely end there. Over the past three decades, China has become more prosperous than India, with an economy five times larger. While India’s 4-8% growth rate has been solid, it lags China’s red-hot pace, which has topped 10% for much of the past few decades.

However,...

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