India and China can build a new order together

China accounts for much of this shift. China’s prodigious 9-10% annual growth over four decades has led to a point where it almost matches the US in economic size and exceeds it on a purchasing power parity basis. It also dominates global manufacturing and many key technologies. China’s adoption of Deng Xiaoping’s “reform and opening up” occurred a decade earlier than India’s reforms under Manmohan Singh, and those reforms were more far-reaching. But the past is not necessarily a guide to the future. India’s growth of around 7% per annum is now considerably faster than China’s, and India is now…