Can India replace China as the new engine of global growth?
There are growing doubts that stronger Indian demand for commodities will be able to plug the gap as China’s growth slows and its appetite for resources wanes.
If you believe the bulls, India is the great hope of the global economy.
It boasts all the ingredients that previously powered China’s ascent to the position of the world’s second-largest economy, including a massive, youthful and low-cost workforce, and a dynamic business environment.
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Karen Maley writes on banking and finance, specialising in financial services, private equity and investment banking. Karen is based in Sydney. Connect with Karen on Twitter. Email Karen at karen.maley@afr.com
