Will the Indian economy ever surpass that of China?

Alicia García-Herrero

Apr 30, 2024 

India’s growth rate is clearly higher than that of China, especially since 2022, and there is no expectation this trend will
change any time soon. Photo: Bloomberg

Had I asked this question ten years ago, the answer would have been clear cut: Impossible. But things are changing. The Chinese economy is five to six times bigger than that of India, but India’s growth rate is clearly higher than that of China, especially since 2022, and there is no expectation this trend will change any time soon. This means that, unless a major shock hits the Indian economy, it will continue to converge in size with that of China for at least 30 years until India completes its urbanization process. Whether this will make the Indian economy bigger than that of China is hard to tell since it will depend on how fast China will decelerate but also how long India will continue to benefit from its current long-hanging fruits to create growth, from urbanization, a growing population and a very favourable external environment as the most obvious hedge for the West against the rise of China.

In his own words: English for trade; mother tongue to preserve identity

This speech in its entirety, made in support of a revised, more flexible Chinese-language curriculum while he was Minister Mentor, is one of the most complete statements of Mr Lee Kuan Yew's views on bilingualism and language policy.

MAR 30, 2016 (Updated)

NOV 24, 2004

Singapore's response to Economist's "sneering" article about Singapore's leadership transition

First, Shanmugam response:

So the Economist noted that Lawrence Wong would only be the 4th PM in 59 years. Whereas, anybody knows a true and thriving democracy like, for example, the UK should burn through PMs like they were past their "best before" date.

PM Lee to step down: Key milestones of his political career

Prime Minister Lee Hsien Loong at a Merdeka Generation Appreciation ceremony at the ITE Central, on June 2, 2019. 
Raj Nadarajan/TODAY

Prime Minister Lee Hsien Loong announced that he will hand over the premiership to his deputy Lawrence Wong
Mr Wong will be sworn in on May 15, 2024 at 8pm at the Istana
TODAY looks at the key milestones and events of Mr Lee's illustrious political career

Singapore's 4th PM handover.

 

Lawrence Wong to take over as Singapore Prime Minister from Lee Hsien Loong on May 15

Mr Lee has been Prime Minister since 2004.

How China became a Military Superpower

 TL;DR - They hack their way:

How Deng and his heirs misunderstood Singapore

MARK R THOMPSON 

01 FEB, 2019



As official China celebrates the four decades of “reform and opening” that began in late 1978 to early 1979, it is instructive to recall the role Singapore played in this process. The fulsome eulogies for Lee Kuan Yew offered by Chinese officials in 2015, beginning with Xi Jinping himself (who has been noticeably less enthusiastic in his praise for Deng Xiaoping given China’s top leader’s “family feud” over who deserves the most credit for the reforms), are just the most obvious indication that Lee and the “Singapore model” more generally have played (quite literally) an oversized role in China’s rapid transition from Maoism to “Market-Leninism”. Appropriately, Lee was honoured late last year as one of the foreigners who helped China most in its reform process.