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15 May 2013, Asia Briefing

China and India: The Proverbial Hare and Tortoise ?

The Chinese growth story has been in the media limelight for the past few decades. However, in the coming years, India's growing workforce and its consumer economy has the potential to surpass China's growth trajectory.

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As India begins to recover from the aftermath of what has indeed proven to be a difficult financial period, questions are now being asked as to the extent of competition India really brings to global markets when measured up against China.

In some respects, the rise of India has been greatly overshadowed by what has happened in China over the past 20 years. If the development in China had not occurred, then it would be India that would be considered the new darling of global growth. To some extent, this has enabled India to commence its own growth curves without the media attention that has been focused on China. In other ways, however, there is little doubt that the phenomenal growth of China has served to spur India into action, and to finally release the country from its moribund, 50-year hangover of independence from Britain.

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