Wednesday, 17 September, 2025г.
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Will India beat china in terms of Economy?

Will India beat china in terms of Economy?У вашего броузера проблема в совместимости с HTML5
I may sound portentous, but yes, the Indian Economy can beat the Chinese Economy in the upcoming years. You won't believe that India was richer than China before 1990. To understand how India can beat China, let us understand, how the USA and Japan became the largest economies of the world. Adam Tooze writes in his book The Wages Of Destruction that America was a byword for urban graft, mismanagement and greed-fuelled politics, as much as for growth, production, and was nothing but an inefficient democracy before WWI. So why did the US outstrip the European powers in the early years of the 1910s? Well, two reasons are often cited. The second industrial revolution was all about electrification of cities and use of steel instead of iron in industry, and the US capitalized it way before Europe. The US didn’t really get involved in WWI until 1917. The war ended a year after its entry, so it didn’t really affect the US economy. In the 1980s, Japan's Economy was developing like a giant, and it was the leading manufacturer of cars, electronics, machine hardware and much other stuff. Japan with 4.9 trillion was second to the US with 7 trillion, and almost every “Expert” predicted that Japan will overtake the USA’s economy by 2010 or so. But we all know that never really happened. So what went wrong? About 30% of Japanese people never marry. So the population started ageing rapidly. The population even started declining. So, to have a flourishing economy, you need a constant supply of young and innovative workforce which Japan lacks now. So in the 1990s, Japan entered a phase of GREAT STAGNATION. That means it showed almost zero growth in the last 3 decades!. Its economy is still $4.9 trillion. To counter japan, china was favoured which had 50 times smaller economy than Japan back in the 1980s, ironically has 3 times larger economy compared to Japan today. All that in 4 decades. With controversial one-child policy, even China’s population is ageing rapidly, the talent pool is shrinking too, so what happened to Japan might very well happen to China. West wants to see democratic India more successful than authoritarian China. We all know how communism broke the USSR in 1990. Nobody can predict the stability of china looking at the current tumult in Hong Kong and the condition of contemptuous Uighur Muslims. The trade war also stoutly harms the opulence of China. So plausibly India can beat China but it will be no more than bunkum if the Indian Economy keeps growing like today. But in fact, India economy is slowing faster than China. India 2nd quarter 2019 GDP growth slowed down to 5%. It is lower than China’s 6.2% growth. Is this because of a trade war? Definitely no. Indian foreign trade is far lower than in China. China’s economy is slowing down at the middle-income country level. India’s economy is slowing down at a very low level.
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