The tortoise and the hare7 min read 18 Sep 2015, 12:17 AM IST
Regardless of which new normal we choose, the Chinese economy will remain much larger than the Indian economy for several decades
Starting in the 1980s, year after year, decade after decade, the Chinese economy continued to grow at rates approaching 10% or more. This was historically unprecedented. The western world watched in awe—admiration combined with apprehension. The rise of China became the staple narrative everywhere, from university classrooms to corporate boardrooms, from cocktail circuits to official intelligence briefs.
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