Will India be able to take China's place in the world economy ?

[Peter90]

In 1 single month - last February - India has imported 7-8% of 2023 global production.
On an annual basis India is importing the whole 2023 global production.
India doesn't produce silver.
One single country is importing all the silver mined worldwide in 2023.

A silver shortage is inevitable

This was nickel's shortage in 2022 at LME (London Metal Exchange)

[EluguHcman]

India posseses the potentials of to undertake the keen role of the position of the global economy withstanding the fact of the significant opportunities to foster developments and economical growths.

However, India has been one of the topmost ranking countries in terms of global economy GDP nominal.
With the system of India legislative governing system in a global overseers and economy infrastructures, India can be eligible to also ascend prominent leadership keen position as time may determine.

[DrBeer]

And here is the first, really unpleasant news for China:

The Indian government has launched a $15 billion project to build three factories to produce semiconductor integrated circuits.
This was reported by Hindustan Times with reference to the words of Indian Prime Minister Narendra Modi.
Tata Electronics Private Limited is expected to build a chip factory in the western state of Gujarat, which will be the country's first semiconductor manufacturing facility.
Another company from the same industrial group will build a semiconductor assembly and testing plant in the northeastern state of Assam.
Another plant where chips will be assembled and tested will be created by the Indian electrical equipment manufacturer CG Power and Industrial Solutions Limited in the state of Gujarat.
The Indian government estimates that the total investment in the three projects will be more than 1.25 trillion rupees, or about $15 billion.

The monopoly on the production of mass chips is beginning to slip away from China's hands....

[DrBeer]

India was invited to the next G7 council as a representative of the Global South. This new leader of the Global South was evident as early as the G20 summit. India is beginning to more actively push China off the agenda of postcolonial and developing countries. New Delhi itself is working hard to limit Beijing's strategic influence. At the same time, China is "steadily" losing its economic power and is beginning to move to tougher methods of retaining influence, which only hurts its reputation both in the region and around the world.

[DrBeer]

India - or how to build the right relationship without contradicting global sanctions, while reaping the benefits.

As we know - India has been the largest buyer of oil from russia since 2022. Some people have a question - “India has chosen the Western vector of development, but does not support sanctions against a terrorist country !” ?"
Don't jump to conclusions - India is centuries old wisdom and cunning

On the one hand India does buy the largest volumes of “russia's dirty oil”. On the other hand - from these deals...Russia did not get a single rupee of income !

Since 2022, the funds received by Russian exporters for supplying oil to the South Asian country have been accumulated in special accounts in local currency. After months of crying and pleading with Russian politicians to give them at least some of the oil money, India made a stunning decision: The money is yours, there is no denying it. But you will use it in the way India tells you to use it. Namely, investing the frozen money in the Indian economy! Dividends, POSSIBLY, you can get later. Later. Maybe !

The benefit to India is huge - firstly, it “softly” supported the sanctions, secondly, it got a kind of raw material, uncomplaining, appendage, thirdly, it got the oil for free and even with huge discounts (up to 40%), fourthly, the costs turned into investments ! What a beautiful game !

[DrBeer]

Bloomberg Economics predicts that by 2028 India's economy will accelerate to 9%, while China's growth rate will slow down to 3.5% (based on China's “official figures”, which, as everyone knows, are far from reality and embellish the real picture). If this happens, by the end of the decade India will overtake China in terms of contribution to the global economy.

Even the more pessimistic International Monetary Fund gives a scenario where Delhi's economic growth remains just below 6.5% over the next five years. Even so, India will manage to overtake China as early as 2037.

How India can overtake China's leadership
The reforms of the 1970s opened up China's economy to the world. For three decades, China's economic growth averaged 10% per year. This made Beijing attractive to foreign capital. However, as Bloomberg writes, the “magic” stage of China's expansion has become a thing of the past due to the real estate crisis, problems with supply chains and access to technology. Earlier “Kursiv” wrote in detail about the problems of China's economy.

This can be taken advantage of by India. According to Bloomberg, Delhi's stock market is booming, foreign investment has flooded into the country, and foreign countries are lining up to sign new trade agreements with the young market of 1.4 billion people

Source link: https://www.bloomberg.com/news/features/2024-04-07/can-india-overtake-china-as-world-s-growth-engine-it-could-happen-by-2028?srnd=homepage-americas

[0t3p0t]

India was invited to the next G7 council as a representative of the Global South. This new leader of the Global South was evident as early as the G20 summit. India is beginning to more actively push China off the agenda of postcolonial and developing countries. New Delhi itself is working hard to limit Beijing's strategic influence. At the same time, China is "steadily" losing its economic power and is beginning to move to tougher methods of retaining influence, which only hurts its reputation both in the region and around the world.

This is the advantage of India having so much friends that which those friends will divert their investments on India instead of China as the Chinese becomes more aggressive to it's neighbors in the region. Some companies even back out from there and now settle on Indias favor. India is fast when it comes to economic growth and for me no doubt it will overtake China economically in the near future.

[DrBeer]

India was invited to the next G7 council as a representative of the Global South. This new leader of the Global South was evident as early as the G20 summit. India is beginning to more actively push China off the agenda of postcolonial and developing countries. New Delhi itself is working hard to limit Beijing's strategic influence. At the same time, China is "steadily" losing its economic power and is beginning to move to tougher methods of retaining influence, which only hurts its reputation both in the region and around the world.

This is the advantage of India having so much friends that which those friends will divert their investments on India instead of China as the Chinese becomes more aggressive to it's neighbors in the region. Some companies even back out from there and now settle on Indias favor. India is fast when it comes to economic growth and for me no doubt it will overtake China economically in the near future.

A little shaking up of the world is necessary. Especially if someone “thinks he is God” and starts to exert pressure and support dubious decisions and regimes. China probably didn't realize what a favor the West did for it with its money and technology, pulling it out of the state of “giant agrarian third world country” and making it what China still is. But...if China can't appreciate this, and moreover “overplayed its hand as a superpower”, it will be shown its real place. At the same time, China must realize that it will not be given a second chance....

[bitterguy28]

India is the new leader of the global south .... And a replacement for China ?

India is one of the biggest economic country in the world not counting how large their region is and the economy is getting bigger and bigger now .

and I support India to take over China in world economy because China seems to be loving having their issues around near their territory so lets see what comes to this issue .

and besides Indian product is more better than Chinese lol.

[DrBeer]

India is the new leader of the global south .... And a replacement for China ?

India is one of the biggest economic country in the world not counting how large their region is and the economy is getting bigger and bigger now .

and I support India to take over China in world economy because China seems to be loving having their issues around near their territory so lets see what comes to this issue .

and besides Indian product is more better than Chinese lol.

China's problem as a "leader" is that it has become very intrusive, unacceptably aggressive, and the hardest part is that it tries to "export its problems" to everyone around it, under the guise of friendship/investment and other populist statements. China tries to destroy the ties of its "friends" with the entire civilized world in order to bind them to itself, so that they work for the Chinese economy, adsorb its problems, and live in an isolated "Chinese World"

[electronicash]

India is part of the BRICS.

although its becoming rich, it doesn't have the infrastructure. they needed those to lift the people from from poverty, so far they still have high unemployment rate but this is the same for most countries already since Covid.

If India couldn't export skills just like Chinese building trains and bridges in different countries, its going to be an uphill for India, But China could help them they arr part of BRICS anyway. but it may not be able to surpass what China is doing. the fact that it still have lot of problems internally.  China loans to countries already, that makes them the alternative for IMF.

[DrBeer]

India is part of the BRICS.

although its becoming rich, it doesn't have the infrastructure. they needed those to lift the people from from poverty, so far they still have high unemployment rate but this is the same for most countries already since Covid.

If India couldn't export skills just like Chinese building trains and bridges in different countries, its going to be an uphill for India, But China could help them they arr part of BRICS anyway. but it may not be able to surpass what China is doing. the fact that it still have lot of problems internally.  China loans to countries already, that makes them the alternative for IMF.

This is the reason why India is opting for the western vector, and partnerships with highly developed countries. It gives investment, technology, and that is what India needs now. This is the way China, from a backward, agrarian third-world country, has made a "Chinese explosion" in 20 years of Western investment and technology supplies. Now the West will shift its attention to India, as China has ceased to adequately assess the situation.....

PS What is "Chinese investment" - I think you can easily find examples. Building bridges and "Chinese loans" is not investment and assistance, it is a plan of colonization of countries where "Chinese investment" came, read what they bring the countries of the region and Africa to with their "assistance" .....

[0t3p0t]

India is part of the BRICS.

although its becoming rich, it doesn't have the infrastructure. they needed those to lift the people from from poverty, so far they still have high unemployment rate but this is the same for most countries already since Covid.

If India couldn't export skills just like Chinese building trains and bridges in different countries, its going to be an uphill for India, But China could help them they arr part of BRICS anyway. but it may not be able to surpass what China is doing. the fact that it still have lot of problems internally.  China loans to countries already, that makes them the alternative for IMF.

This is the reason why India is opting for the western vector, and partnerships with highly developed countries. It gives investment, technology, and that is what India needs now. This is the way China, from a backward, agrarian third-world country, has made a "Chinese explosion" in 20 years of Western investment and technology supplies. Now the West will shift its attention to India, as China has ceased to adequately assess the situation.....

PS What is "Chinese investment" - I think you can easily find examples. Building bridges and "Chinese loans" is not investment and assistance, it is a plan of colonization of countries where "Chinese investment" came, read what they bring the countries of the region and Africa to with their "assistance" .....

The masses call it trap I mean the "Chinese investment" thing that majority described as a "trojan horse" of the modern day war of economies. That actually ruined I think majority of China's reputation and trust to it's neighbors and possible future partners as they are now exposed using debt traps to choke a country's neck. The transition of investments to India from China is very smooth and I don't think China will regain those trust in full ever again.

[electronicash]

India is part of the BRICS.

although its becoming rich, it doesn't have the infrastructure. they needed those to lift the people from from poverty, so far they still have high unemployment rate but this is the same for most countries already since Covid.

If India couldn't export skills just like Chinese building trains and bridges in different countries, its going to be an uphill for India, But China could help them they arr part of BRICS anyway. but it may not be able to surpass what China is doing. the fact that it still have lot of problems internally.  China loans to countries already, that makes them the alternative for IMF.

This is the reason why India is opting for the western vector, and partnerships with highly developed countries. It gives investment, technology, and that is what India needs now. This is the way China, from a backward, agrarian third-world country, has made a "Chinese explosion" in 20 years of Western investment and technology supplies. Now the West will shift its attention to India, as China has ceased to adequately assess the situation.....

PS What is "Chinese investment" - I think you can easily find examples. Building bridges and "Chinese loans" is not investment and assistance, it is a plan of colonization of countries where "Chinese investment" came, read what they bring the countries of the region and Africa to with their "assistance" .....

The masses call it trap I mean the "Chinese investment" thing that majority described as a "trojan horse" of the modern day war of economies. That actually ruined I think majority of China's reputation and trust to it's neighbors and possible future partners as they are now exposed using debt traps to choke a country's neck. The transition of investments to India from China is very smooth and I don't think China will regain those trust in full ever again.

so they are going to trap US that's got huge debt to China?  they can actually call the debt due but i don't see China doing it.
you have to remember that majority of countries today are now joining BRICS which also India is part of it. even the IMF is part of the mBridge payment system they are developing which is close to a international CBDC for countries to get involves in the international trade. this is not like SWIFT system, i think there are 52 more countries i remember.

this is a system where no countries will be sanctioned as they are free to trade to anyone unlike before when Us is the only who allow and disallow trades of countries. they are building the multi polar world already.

https://www.bis.org/about/bisih/topics/cbdc/mcbdc_bridge.htm
https://www.ledgerinsights.com/mbridge-cross-border-cbdc-fragmentation/

[bitterguy28]

India is the new leader of the global south .... And a replacement for China ?

India is one of the biggest economic country in the world not counting how large their region is and the economy is getting bigger and bigger now .

and I support India to take over China in world economy because China seems to be loving having their issues around near their territory so lets see what comes to this issue .

and besides Indian product is more better than Chinese lol.

China's problem as a "leader" is that it has become very intrusive, unacceptably aggressive, and the hardest part is that it tries to "export its problems" to everyone around it, under the guise of friendship/investment and other populist statements. China tries to destroy the ties of its "friends" with the entire civilized world in order to bind them to itself, so that they work for the Chinese economy, adsorb its problems, and live in an isolated "Chinese World"

In these we both agree mate, because you completely mention what is the Chinese attitude nowadays, pretending to be investors that will help weaker country but sooner will take this advantage to get everything they can mine and take from them .
specially the territorial dispute from each country closer to them and with this they have found many enemies now and seems to be going into war  against the world.