Can India Overtake China in the Future?

India is one of the fastest growing economies in the world and is often compared to China in terms of economic growth. India has been growing at an average of 8% per year, while China has been growing at a slower rate of 6.5%. This has led to speculation that India could eventually overtake China in terms of economic size and power.

At 8% growth, India would become an upper middle-income country by 2033-34, and reach China’s current economic size by 2043-44. However, it would still not join the ranks of developed countries by mid-century. In a recent report, Ernst and Young has projected that the size of the Indian economy would be $25 trillion by 2047.

There are several factors that could help India overtake China in the future. One of the most important is the size of India’s population. India has the second largest population in the world, and this large population could be a major source of economic growth. India also has a large number of young people, which could be a major source of innovation and entrepreneurship.

India also has a number of advantages over China in terms of infrastructure. India has a much better transportation network than China, which could help the country become more competitive in the global economy. India also has a better education system than China, which could help the country develop a more skilled workforce.

Finally, India has a much more open economy than China. India has been gradually opening up its economy to foreign investment, which could help the country become more competitive in the global economy. India also has a much more open political system than China, which could help the country become more attractive to foreign investors.

Overall, India has the potential to overtake China in the future. However, this will require the country to make the right investments in infrastructure, education, and economic reforms. If India can make these investments, it could become a major economic power in the coming decades.