The world has an estimated population of 6.6 billion people. One-third of that total resides in just 2 nations: China (1.3 billion) and India (1.1 billion). On the strength of those numbers, coupled with powerful economic development programs that each is pursuing, these countries are poised to become dominant economic powers in short order.
But there is a subtle trend occurring that could make these 2 competitors even more formidable on the world stage. In many ways, China and India are moving past their recent history of animosity and cooperating in ways economic, social, and political—the beginnings of what could be a powerful partnership, says Harvard Business School professor Tarun Khanna.
In his new book, Billions of Entrepreneurs: How China and India Are Reshaping Their Futures and Yours, this idea of "mutualism" is an important theme as Khanna considers how China and India are reshaping each other, as well as their growing impact on business around the globe.
We asked Khanna to identify the signs of this emerging cooperation and where it might lead in the future. But first we wanted to know the secret of success for GE—one of the few multinationals to have success in both China and India.
To listen to this interview with professor Tarun Khanna, click on the triangular Play button below.