Which will grow faster: India or Indonesia?
Both countries are pioneering new ways to get rich in a troubled world
If you are looking for growth opportunities among the world’s 20 biggest economies, two stand out: India and Indonesia. The Asian giants, with a combined population of 1.7bn, are forecast by the imf to be the two fastest-growing top-20 economies in 2023, and over the next five years. Both are pioneering strategies for getting richer in an era of de-globalisation, fraught geopolitics, automation and energy shifts, even as they seek a political formula that wins elections and avoids social unrest. Whether they succeed matters not just for their people and the investors betting many billions of dollars on them. It will also set an example for scores of other countries searching for new and reliable ways to develop in the 2020s and beyond.
Explore more
This article appeared in the International section of the print edition under the headline “India v Indonesia”
International April 1st 2023
More from International
Donald Trump has a strong foreign-policy hand, but could blow it
Bullying foreigners can be sadly effective, but also a dangerous distraction
Women warriors and the war on woke
Trump’s Pentagon pick wants women off the battlefield
Young people are having less fun
Youthful excess continues to decline
Why people over the age of 55 are the new problem generation
Baby-boomers are keeping their bad habits into retirement
Is the age of American air superiority coming to an end?
The growing effectiveness of air-defence systems could blunt the West’s most powerful weapons
Why warriors should welcome laws of war
Lessons from a 17th-century thinker on preventing crimes against humanity