Modi’s Indian economy expanded at an annual rate of 7.7% in the first quarter of 2018, compared to 5.6% a year ago, as manufacturing and investments picked up steam. Meanwhile, China’s economy expanded at an annual rate of 6.8% over the first quarter of 2018, the same as a year earlier . I ndia’s economy is still in an early growth stage, where there’s still plenty of excess resources. I t can grow by better utilizing these resources with conventional technologies. That could explain why India’s economy is beating China in another metric: competitiveness.
India’s Economy Beats China and other news from India Canada Biz Digest (19th June 2018)