India is quietly doing great
The world’s biggest country continues to defy the skeptics.
India's economic outlook is improving, and I am more optimistic about its prospects compared to recent years. I wrote a previous article expressing skepticism about China's ability to maintain its current dominance in various areas, while highlighting India's potential to achieve greater success. The key difference lies in the goals each country is pursuing.
China aims to surpass the combined economies of the United States and its allies, lead in artificial intelligence, and attain higher income levels. In contrast, India's primary objective is to eradicate poverty and become an upper-middle-income nation. In terms of economic output and the Human Development Index, which factors in GDP, education, and health, India currently stands at a similar level to what China was in the late 2000s.
Despite China's impressive advancements in the 2010s, focusing on infrastructure, employment, and technological development, many fail to acknowledge India's substantial progress. One significant achievement is the near-eradication of extreme poverty in India over the past two decades.
Written by urgent.news from Noahpinion's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
