1. India and China set to rule the world?

India and China set to rule the world?

Both these countries' economic growth is exhilarating as the two neighbours have achieved what few, if any other country barring the US and UK have done.

By: | New Delhi | Published: October 25, 2016 6:16 PM
Both these countries' economic growth is exhilarating as the two neighbours have achieved what few, if any other country barring the US and UK have done. (PTI) Both these countries’ economic growth is exhilarating as the two neighbours have achieved what few, if any other country barring the US and UK have done. (PTI)

Sino-India relationship has endured severe storms over the decades. From India-China war of 1962 to the most recent development following surgical attacks carried out by Indian army across LoC in PoK. Both the countries have joined hands for BRICS but there was fall out over China’s decision to block India’s permanent seat in UN, entry in NSG or over extending technical hold on India’s move to get Pakistan-based Jaish-e-Mohammed(JeM) chief Masood Azhar designated a terrorist by the United Nations. But both the countries’ vicissitudes of fortune are all passé as they have made spectacular economic progress and now are on the brink of virtually lording it over the world. Both these countries’ economic growth is exhilarating as the two neighbours have achieved what few, if any other country barring the US and UK have done. Now one won’t be able to tell the story of the 21st century without India and China as its main protagonists. And what’s even more awe inspiring is that the world’s two most populous nations are poised to get even larger economically.

Two animated charts, published by Swedish dataviz designer Aron Strandberg, have showed China’s and India’s economic growth from the 1970s to their predicted levels in 2030.

Notably, both the Asian giants do not appear in the world’s top economies in the chart until the 1990s. China first to come out of the blocks, zooms up the chart past Europe’s economic superpowers and Japan. India, however, jumps into the frame by the late 2000s and does the catch up but by the end of the next decade, India is predicted to be up there along with China and the US. These countries are projected to rank as the world’s top three economies, according to the Washington Post report.

The neighbours had their own issues but reformative policies of the respective governments have been the key driver behind the economic growth. China’s opening up of its economy under Deng Xiaoping in the 1980s and India’s landmark reforms in the early 1990s set the stage for the nations’ return as key global players. This includes the rise of hundreds of millions of people out of poverty, the report said.

Please Wait while comments are loading...

Go to Top