If you arelooking for growth opportunities among the world’s 20 biggest economies, two stand out: India andIndonesia. The Asian giants, with a combined population of 1.7bn, are forecast by theimfto 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 thatwins electionsand 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.
This article appeared in the International section of the print edition under the headline “India v Indonesia”
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