3 Reasons India is'n the ''Next China'
3 Reasons India Isn’t the ‘Next China’ Can India turbocharge its economic growth, even surpass China? Wharton’s Dean Geoffrey Garrett has two reasons the answer could be yes, one for maybe. Indian Prime Minister Narendra Modi I was in Delhi and Mumbai in October to meet with great Wharton alumni in India. After spending quite a bit of time in Beijing around the launch of the Penn Wharton China Center , I had been thinking about the economic trajectories of the world’s two most populous countries. The bulls say India is “the next China,” a country of more than a billion people with the potential of growing at 10 percent a year for a long period. Odds are they are right—if not today, then within a decade or so. But even if India is the next China in terms of growth, India is a very different country than China on three fundamental dimensions. 1. India has demography on its side, whereas China faces serious demographic demons. China is going to be the first co...