India not far behind US, China in AI race: Ashwini Vaishnaw counters WEF moderator at Davos

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China has been the world’s largest exporter since 2009, and India is the fastest-growing major economy in the world. They both consider themselves champions for the Global South and models for development. However, Beijing and New Delhi—the former a U.S. rival and the latter a U.S. strategic partner—operate under vastly different government systems. The Chinese Communist Party has ruled China since 1949, while India is the world’s largest democracy. Today, the China-India relationship teeters between competition and cooperation as both countries strive for great power ambitions, yet possess varying views on how to achieve it.

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Battery costs declined below $100 per kWh at the pack level for large format LFP systems. Electric drivetrains delivered higher efficiency, lower maintenance, and better control in stop start and grade heavy duty cycles. Total cost of ownership calculations increasingly showed savings of hundreds of thousands of yuan over the life of a truck compared to diesel equivalents, even without subsidies. A major reason India’s per capita fossil fuel consumption is far lower than China’s at comparable income levels is that India’s growth model is structurally less energy intensive. India generates a third more economic output per unit of energy than China today. Unlike China’s heavy, construction-driven development path, India’s economy is lighter and more services-led.

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