Which will grow faster: India or Indonesia?

India and Indonesia are pioneering new ways to get rich in an era of de-globalisation, fraught geopolitics, automation and energy shifts. Both countries are delivering decent growth, but far too few formal jobs of the kind China and East Asian tigers managed to create.

March 30, 2023 . 3:02 AM

1 min read

India and Indonesia are forecast by the IMF to be the two fastest-growing top-20 economies in 2023 and over the next five years.
Both countries are pioneering strategies for getting richer in an era of de-globalisation, fraught geopolitics, automation and energy shifts.
India's leading export sector is technology services, while Indonesia's advantage lies in commodities.
Both governments want to supercharge the private sector through industrial policy.
Both are delivering decent growth, but far too few formal jobs of the kind China and East Asian tigers managed to create.