Looking Eastward – Peter Gumbel

From Time Europe:

The sheer ubiquity of the Indian presence didn’t focus the spotlight just on the subcontinent, but on the race between India and China for growth, prosperity and investment. So the question most discussed at Davos this year soon became: Which of the two is ahead now, and which is likely to win in the longer term? The scorecard:

CHINA, reckons Jim O’Neill, the head of global economic research for Goldman Sachs. The Chinese economy is already substantially bigger than India’s, and won’t lose ground as both grow into world economic titans. According to his projections, China’s economy will be easily the world’s biggest by 2050, far ahead of the U.S., with India in third place at about half the size of its Asian rival.

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