Indian economy growing faster than China’s. But if you look at big picture, neither’s winning yet

News Snapshot:

For two years in a row, the Indian economy has grown faster than China’s. The 7 per cent projected for this fiscal year compares with an uncharacteristically low 3.0 per cent for China in calendar year 2022. Similarly, last year’s 9.1 per cent for India trumped China’s 8.1 per cent. This comes on top of the relative performance of the two most populous countries in the five years before there was any sign of Covid (the calendar years 2014-18, and their corresponding fiscal years for India). That is when India outpaced China for the first time — averaging 7.4 per...