In a surprising turn of events, renowned economist Niall Ferguson has set the internet ablaze with a viral video praising India’s surging economy, drawing parallels to the classic Hare and Tortoise fable. According to Ferguson, India, likened to the ‘tortoise,’ is poised to outpace the ‘hare-like’ growth of China.
The video gained even more significance amid recent tensions between India and the Maldives, where President Mohammed Muizzu had called for the withdrawal of Indian troops. Ferguson’s statements resonated strongly, with netizens interpreting them as a subtle rebuke to Muizzu’s pro-China stance.
“China was the hare, and India looked like the tortoise,” Ferguson remarked, drawing a parallel to Aesop’s fable. “But looking at the demographics, I predicted the tortoise would win the race. And here we are in 2024, with everyone talking about China’s slowdown, deflation, and an Indian economic miracle. Something fundamental has changed.”
Speaking to India Today TV during the ongoing World Economic Forum at Davos, Ferguson’s optimistic outlook on India’s economic growth has ignited excitement within the country, amplifying ridicule towards the Maldivian president on Twitter.
The 45-second video has swiftly gone viral on various social media platforms, intensifying the buzz surrounding India’s economic prowess and Ferguson’s endorsement of the nation’s potential.