INDIA’S AND CHINA’S GROWTH

AHEAD OF THE CURVE – INDIA’S GROWTH TO OUTPACE CHINA’S

Chris Devonshire-Ellis

China Briefing, October 13, 2010

It’s always nice when a subject you have firsthand and long standing involvement in finally makes the mainstream media, and so it proved last week with The Economist’s cover story stipulating how India’s growth will outpace that of China. We’ve been pointing this out for some time both last month here on China Briefing in the piece “Why China Demographics Dictate India as a Global Manufacturing Hub” and regularly over the past few years on our 2point6billion.com and India Briefing sites.

The Economist’s articles essentially state what we’ve already said, that India will soon start to outpace China thanks to a young and growing workforce. It also goes on to point out that India’s “much-derided democracy” is finally proving fruitful rather than a hindrance, and attributes “India’s surprising economic miracle” as largely due to its private sector.

“The country’s state may be weak, but its private companies are strong,” the magazine said. That’s very true, and is a major part of where China and India, and the quality of senior management and innovation, differ.

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