Can India Fulfill Its Potential?
Even after breaking away from its socialist model in 1991, India has struggled to boost economic growth, whereas China’s four decades of “reform and opening” have lifted hundreds of millions of people out of poverty and brought high-income status within sight. But now India’s time may finally have come.
STOCKHOLM – In 2023, India will overtake China as the world’s most populous country. And while China has already passed its demographic zenith and begun to age, India’s ascent will continue for decades.