China and India have emerged as influential players in a highly transformed global economic landscape. While China’s economic importance is well established, India’s growing prominence is increasingly capturing global attention. Their substantial share of the world’s population and economic output positions them as key drivers of global growth.
Beyond global economic importance, China and India share some common challenges such as climate change and strategic objectives. Both advocate for global economic governance reforms, leverage industrial policies for development and self-reliance, and engage with the Global South. Despite border disputes affecting relations, China and India maintain significant and growing economic ties. While their economic structures and development levels differ, they share similarities in financial systems and leadership in fintech innovation.
This commentary examines the evolving roles of China and India in the global economy, their contributions to growth, areas of convergence and divergence, interconnectedness, and the challenges and opportunities they face in a dynamic geopolitical and economic landscape.
