During a recent interview, Nobel prize-winning economist Amartya Sen commented on the economic differences between China and India:
Contrary to what many say, Prof Sen believes that China and India are not drivers of the world economy. ‘The Chinese are still growing positively but at a much slower rate and so is India. To that extent it is not only good news for the Chinese and the Indians, it is good news for the rest of the world too. So I wouldn’t say they will be driving the world economy. I don’t think there are any chauffeurs to the world economy today.”
The trade between China and India, according to him, has proved beneficial to both, more so for India. The India-China trade makes each economy sustain the other to some extent. ‘So in that sense the Chinese and Indian economic picture is, relatively speaking, less negative news,’ he says.
Sen’s 2005 interview at the Institute of International Studies at Berkeley:
See also past CDT posts on Chindia and Amartya Sen
