ɪnðə lˈeɪt nˈaɪntiːnhˈʌndɹɪd nˈaɪnti z ænd ˈɜːli tˈuː θˈaʊzənd z, ðɪ ɪkˈɑːnəmiz ʌv tʃˈaɪnə ænd ˈɪndiə ɡɹˈuː ɹˈæpɪdli, bˈoʊθ wɪð ɐn ˈævɹɪdʒ ˈænjuːəl ɡɹˈoʊθ ɹˈeɪt ʌv mˈoːɹ ðɐn ˈeɪt pɚsˈɛnt.
In the late 1990s and early 2000s, the economies of China and India grew rapidly, both with an average annual growth rate of more than 8%.