Modi’s India Is Beating Xi’s China in the Mojo War
New Delhi has the momentum as Donald Trump takes credit for Beijing’s wobbly markets.
Glory days are here again?
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For much of human history, the kingdoms that ruled the Indian subcontinent accounted for vast amounts of the planet’s wealth. Indeed, the Mughals, who came close to uniting the entire region from the 16th to early 18th century, lorded over an economy whose size at its height may have been close to a quarter of the world’s gross domestic product. In comparison, today, the US makes up 13% of global GDP (or a bit under 20%, depending on which metrics you choose). The collapse of the Mughals — undermined by war and the colonial subjugation of the subcontinent by the British — dissipated that bounty and enriched another empire.