India’s economic growth potential looks much higher following a decisive election win for Narendra Modi’s Bharatiya Janata Party, economists say, putting it in a position to outpace powerhouse China. India’s economic development has often been compared to that of its neighbor China. China, the world’s number two economy is expected to slow in the years ahead as it transitions into a consumer-driven economy from an investment-led one. Like China, India will become an increasingly important driver of global economic growth, it will add to commodity demand and its abundant cheap labor and cost advantages will see India play an ever increasing role in world trade.