Change is the great constant of the world economy. India was still a colony when the allied powers shaped the international architecture at the end of World War Two. Today, India is a rising economic power that is contributing to world growth in new and powerful ways. Economic reforms in India and China, and the export-driven growth strategies of East Asia all contributed in the last 20 years to a world...

KEY TRENDS   • In 2018, India's Human Development Index (HDI) ranking was 129th (HDI value 0.647) among 189 countries and UN recognized territories, while China's ranking was 85th (HDI value 0.758), Sri Lanka's 71st (HDI value 0.780), Bhutan's 134th (HDI value 0.617), Bangladesh's 135th (HDI value 0.614) and Pakistan's 152th (HDI value 0.560) *8    • In 2017, India's Human Development Index (HDI) ranking was 130th (HDI value 0.640) among 189 countries, while China's ranking was 86th (HDI...