Slowing China Does More for the World Than Booming India: Chartby
China is slowing down as it makes a bumpy transition to consumer-led growth, ceding the title of world’s fastest-growing large economy to India. So can the subcontinent pull the world out of a lull? Not anytime soon, data show.
Over the next decade, much will depend on India’s ability to create the jobs it needs to harness its 1.3 billion population and push for an exponential growth jump.