For example, the Chinese National Development and Reform Commission has already begun to work a project to develop an urban cluster to match New York, San Francisco and Tokyo. However, there is no reason to believe that the grand goals will be met—or at least that the road will be a smooth one. China is, right now, facing serious economic policy challenges. The Narendra Modi government has said that India should have a $10 trillion economy by 2032. Second, the Chinese economy is $12.3 trillion, so India is already some 15 years behind its Asian rival.

Source: Mint October 22, 2017 17:48 UTC