India will need to hit goals in four crucial development areas to overtake China as world’s next growth driver.
Photographer: Prashanth Vishwanathan/BloombergHow India Can Take China’s Growth Crown
If India hits all the right economic notes it could lead global growth by 2028.
China is slowing and Western governments increasingly see it as a rival rather than an economic partner. On its southwestern border, another rising economy is vying to take its place as the world’s next growth driver.
India’s stock market is booming, foreign investment is flooding in and governments are lining up to sign new trade deals with the youthful market of 1.4 billion people. Aircraft makers like Boeing Inc. are taking record orders, Apple Inc. is scaling up iPhone production, and suppliers that have long clustered around manufacturing corridors of southern China are following.