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India should join China as an Asian superpower: Steve Forbes

According to the Global Competitiveness Report, India has the third largest market size – behind China and the US, but ahead of other regional economic powers such as Germany, Japan and Brazil. India and China are also close contenders when it comes to their financial market development, coming in at 51st and 54th place respectively in the Global Competitiveness Report rankings. In other key competitiveness rankings, such as health, education and the labour market, India falls far behind China. In fact, in many areas, it even falls near the bottom of global rankings. In health and primary education, for example, India comes in at 98th of 144 economies, whereas China sits in 46th place. In higher education, India stands at 93rd, with China ahead in 65th. And in terms of labour market efficiency, India does not even make it into the top 100: it stands at 112th out of 144 measured economies; China finishes 37th.