Revival of "Rush to India": Will India's Economy Take Off?
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The Indian economy is stirring. Under the slogan of “Strong India,” the Modi administration’s drive for reform is waking up the country. India will surpass China to become the world’s fastest-growing country in 2015. India is young, with a median age of 29 years, and has a middle class of 250 million people and an invigorated democracy. India’s growth, which signifies the emergence of a new democratic economy in the region, will have a tremendous impact on geopolitical dynamics in Asia.
1. With the 3 D's of Democracy, Demography, and Demand, India will Outshine China (Kim Chan-wahn)
2. Growth-focused China vs. Distribution-oriented India: Indian Youths Craving Change Will Lead Long-term Growth (Lee Dae-woo)
- Source: Special Report, Chindia Plus Quarterly Spring 2015 VOL.18