As the world’s fastest growing major economies, China and India are often bundled together as a single powerhouse. The phrase “Chindia” was coined to highlight the combined economic clout of the two markets, which together make up 40 per cent of the world’s population and consume more than 50 per cent of the world’s coal, iron ore, steel and other key resources.

Yet China and India’s economic models are so starkly different, they could be two complementary pieces of a puzzle.