The end of China’s four-decade-long economic boom has thrown into relief the emergence of Asia's other demographic giant as a geopolitical and economic force. But while India appears stable and resurgent under Prime Minister Narendra Modi, its future will depend on its ability to maintain political stability and rapid economic growth.
NEW DELHI – China’s sharp economic slowdown has raised alarm bells around the world. But it has also thrown into relief the rise of another demographic powerhouse next door. The Indian economy grew at an impressive 7.8% annual rate in the second quarter of 2023, and the country recently reached an important milestone by becoming the first to land a spacecraft on the Moon’s potentially water-rich south pole. And, India’s ascent, unlike China’s, has not been accompanied by an increasingly assertive foreign policy or an appetite for other countries’ territory.
NEW DELHI – China’s sharp economic slowdown has raised alarm bells around the world. But it has also thrown into relief the rise of another demographic powerhouse next door. The Indian economy grew at an impressive 7.8% annual rate in the second quarter of 2023, and the country recently reached an important milestone by becoming the first to land a spacecraft on the Moon’s potentially water-rich south pole. And, India’s ascent, unlike China’s, has not been accompanied by an increasingly assertive foreign policy or an appetite for other countries’ territory.