It’s Not All About Growth Between India and China

India and China have been rivals on the geopolitical front for decades, but the rise of Prime Minister Narendra Modi has seen the economic rivalry between the two Asian heavyweights widen.

Modi’s efforts to reduce inflation and implement business-friendly policies has helped India’s star rise alongside China in terms of investor interest, altering Asia’s economic balance.

But despite Modi’s efforts, China remains well ahead on “soft power,” which measures a country’s ability to build a positive reputation through culture, values and civil institutions.

CNBC

Content is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please access the RSS feed or contact us at info@marketpulse.com. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2023 OANDA Business Information & Services Inc.