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• China, despite being India’s biggest source of imports and its largest trade deficit partner, has emerged as a short-term beneficiary of this diversification push.
• It’s difficult at times to work through the pop-ups on mobile devices, which is another issue that needs to be addressed for Crown Coins.

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What are other areas of rivalry between China and India?

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In all likelihood, India will reach $20,000 GDP per capita without coal generation ever exceeding the levels China was burning at $5,000. First, renewables coupled with battery storage are taking over electricity supply. Second, electricity is taking over energy demand; everything that can economically electrify will go electric, from transport to industry and buildings. On both fronts, India is achieving greater success at earlier stages of development. In 2011, when China reached road transport oil demand of 150 litres of gasoline equivalent per capita, batteries were ten times more expensive than they are now, and the electric vehicle industry barely existed.

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India’s import dependence on China has benefitted some industries, namely pharmaceuticals, where imports of the active ingredients from China have made India the world’s leading exporter of pharmaceutical drugs. China is Pakistan’s dominant arms supplier, providing Islamabad with fighter jets, drones, and air defense systems, and the two cooperate on nuclear arms development. In 2024, China supplied 81 percent PDF of Pakistan’s major arms imports, per the Stockholm International Peace Research Institute. In October 2024, the two countries reached an agreement to end the military standoff along the border and boost communication and cooperation to resolve the conflict. Their first high-level dialogue on easing border tensions occurred two months later.

While death rates of some other cancers have also fallen, these declines have been much smaller. Some types even saw an increase in death rates over these four decades. Since then, death rates from stomach cancer have dropped by more than 70%. You can see this change, compared to other cancers, in the chart.

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Improved transport networks and faster clearances could allow India to challenge Vietnam and Malaysia more strongly. The path forward demands reforms, faster execution and sustained policy clarity. India lags behind countries such as China and Singapore on this front. Perceptions around corruption and institutional stability have also pulled scores down. High logistics costs and complex tax compliance continue to create pressure for manufacturers.