India’s young economy poised to surpass China, says former Singapore PM
Singapore's Senior Minister Lee Hsien Loong highlights India’s younger demographic and economic potential as factors that could enable it to outpace China's economic growth. He notes China's benefit from the WTO and its supportive stance on a rules-based global order but cautions on the need for great power restraint.
In a recent statement, Singapore’s Senior Minister Lee Hsien Loong expressed the view that India's youthful population combined with its economic potential positions it well to eventually surpass China's economic growth trajectory. This insight underscores India's demographic advantage, which contributes to a dynamic labor force and consumption potential. Lee also reflected on China's evolving role in the global system, recognizing how China has benefited from World Trade Organization membership and continues to advocate for a rules-based international order. However, he emphasized the importance of great power restraint in maintaining global stability amid shifting geopolitical dynamics. This perspective aligns with broader economic analyses noting India's rapid GDP growth, driven notably by the services sector and increasing foreign investment, contrasting with China’s more mature growth phase. The statement signals a recognition of India’s growing influence in the global economy while acknowledging the complexities of China's strategic behavior internationally.
