Both India and China have distinct growth strategies and face unique challenges, according to market experts.

Hiren Dasani, Co-head of Global EM Equity at Goldman Sachs Asset Management, pointed out that historically, China has relied on manufacturing while India has shifted its focus to consumption and services. Dasani also highlighted that India now hosts approximately 20-25% of the global workforce in multinational companies, indicating a shift from China being known as the "factory of the world" to India emerging as the "office of the world."

Additionally, Dasani mentioned that China's export competitiveness has led to increased tariffs and restrictions from the international community, whereas India is actively integrating into global supply chains and implementing reforms to boost corporate earnings.