Slow tiger

The tiger isn’t nipping the dragon’s tail anymore. In the boom, India managed a few years of 9% economic growth. That led some to imagine the tiger could catch up with the stellar Chinese economy, which was growing at double-digit rates. Not anymore. One part of the thesis was that India would sail through a global slowdown, while China’s export-centred economy would be crippled. True, India generates less than 20% of GDP from exports, while the Chinese share is twice as high. Yet, India’s GDP ...