19 May '17, 2pm

Indian economy poses major challenges: Chinese think tank

Indian economy poses major challenges: Chinese think tank

India’s competitive economy may pose a challenge to China which may become an “unfortunate bystander” watching India succeed if it didn’t develop a more effective growth strategy, a Chinese think-tank has warned. (Image: Reuters) India’s competitive economy may pose a challenge to China which may become an “unfortunate bystander” watching India succeed if it didn’t develop a more effective growth strategy, a Chinese think-tank has warned. The Beijing-based think tank Anbound also said that India could well become the next China because of low labour cost, young population and other factors. It pointed out that not enough studies were conducted on India and Beijing “cannot wait until India grows into an apparently promising competitor before discussing how to deal with the situation. “While Indian GDP may lag far behind (than that of China), the country remains a potential ...

Full article: http://defenceforumindia.com/forum/threads/indian-economy...

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