Jammu, July 13 -- Asia's two biggest economies can succeed better through cooperation
By T N Ashok
History has an uncanny habit of mocking long-term predictions. Thirty years ago, in the mid-1990s, few economists imagined that China would become the world's manufacturing powerhouse, accounting for nearly a third of global industrial output. Equally, few believed India, then still wrestling with the after-effects of its 1991 balance-of-payments crisis, would emerge as one of the world's fastest-growing major economies and the fourth largest by GDP.
The world changed dramatically in three decades. The Soviet Union vanished. China joined the World Trade Organization and transformed global supply chains. India liberalised its economy and bui...