The conventional wisdom says that China is the biggest story of our time. Now, as India goes through a similar process characterized by historically high rates of growth and further integration into the global economy, it appears that the path it follows will influence the global economy and business environment. Perhaps, then, India is the next big story.
Global business leaders believe that they must have a strategy for both countries. China and India, despite their massive populations and growing importance, are quite different. Their economic structures, sources of growth, areas of competitive advantage and the impact they have will remain different in the coming years. The question, then, for global companies is what to do in each country. China is commonly viewed as the place to produce or procure goods, while India is seen as the place to procure business and information technology services. Yet in the future, this discrete division of labor might not be so clear or even relevant.
This study offers some thoughts on the future direction of India and China, the risks and opportunities of doing business in each country and the likely impact they will have on global business.
Author: Ira Kalish
Source: Deloitte
Subjects: International – Asia, International – China
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