Why India is Riskier than China
Today, fears are growing that China and India are about to be the next victims of the ongoing global economic carnage. Yet fears of hard landings for both economies are overblown, especially regarding China.
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NEW HAVEN – Today, fears are growing that China and India are about to be the next victims of the ongoing global economic carnage. This would have enormous consequences. Asia’s developing and newly industrialized economies grew at an 8.5% average annual rate over 2010-11 – nearly triple the 3% growth elsewhere in the world. If China and India are next to fall, Asia would be at risk, and it would be hard to avoid a global recession.