India’s economy can drive global growth and excite investors

THE battle for supremacy between the US and China could dominate geopolitics over the next few decades.  

With big domestic markets, strategic allies and technological prowess, these two powers should see their economies grow, but possibly not at rates that will help turbocharge the global economy.

Since China began to open up and reform its economy in 1978, its gross domestic product (GDP) has grown by an average of close to 10 per cent a year. China’s growth has made it the top trading partner of many Asian countries.