The convergence hypothesis in economics suggests that the Indian economy should grow faster than the Chinese one till it reaches a level similar to China’s
Now that the World Bank, the International Monetary Fund (IMF), and others have predicted that India’s growth rate will overtake China’s within the next year or two — or, indeed, already has, if one accepts the new methodology of measuring gross domestic product (GDP) in India — it’s an opportune moment to revisit an old but still very pertinent debate: can India actually overtake China?
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