Commentary
Despite a number of structural disadvantages, India will likely rival China in terms of global power.
This year, India hosted the G-20 conference, which Indian leaders see as recognition that the nation has come of age and is ready to overtake China. India has already surpassed China in population and is hoping to eclipse China economically and militarily.
Over the past 10 years, India has averaged 5.5 percent growth, making it the world’s fastest-growing economy. For 2023, the International Monetary Fund anticipates that China and India will account for about half of global growth. Furthermore, India will grow at 6.3 percent this year and is expected to surpass Germany and Japan to become the world’s third-largest economy by 2027….
