Topic: India is the new economic leader of global south. And replacement for China?... - page 2. (Read 1405 times)

And some more positive news from India:

"India is set to distance itself from its biggest arms supplier, amid Russia losing its ability to supply ammunition and spare parts for military hardware, after launching an invasion of Ukraine.
It is noted that the world's largest arms importer is slowly turning to the West as the United States seeks to strengthen its position in the Indo-Pacific region, hoping to contain China.
It is pointed out that over the past 20 years, India has spent about $60 billion for arms purchases and more than 65% of the supplies were provided by the Russian Federation. However, Russia's full-scale invasion of Ukraine has forced it to look for other options for defense cooperation."

And there are some excellent points here:
1. India will not be an indirect sponsor of the Russian military-industrial complex
2. India has already been "burned" by contracts with Russia (development of helicopter, airplanes and other weapons), and does not want to take any more risks due to non-fulfillment of contract terms by the Russian side.
3. The simple purchase of arms from Russia gave nothing but costs and dependence.
4. The West offers joint production of weapons, which means access to technology, new production, new jobs and new taxes to the state treasury!

Prime Minister of India has strengthened the image of the country and among the people of India. As China was building its influence, that's why needed a competent competitor to reduce that influence, and India is doing just that here. Companies like Apple have now set up their manufacturing units in India, reducing Apple's dependence on China. Because China has tough times ahead in the coming years, and India will take the most advantage of this space.

BJP's chances of victory in the next Indian elections are very high, because the way the current government has handled foreign affairs, they have been able to create expectations of a new India among the citizens of India. And if the BJP wins the elections, it will be more of a concern for China, because more companies will flee China and come to India for sure.

Outsiders can usually see the situation better anyway, because otherwise you are too biased.

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One way or another, India will become the economic powerhouse in Asia. China has reached its peak. The Chinese population is ageing massively and will decline in the coming years. With all the consequences that entails. India continues to grow and has a relatively young population. Many large corporations have also recently left China for India or Southeast Asia, partly because salaries have risen in China and partly to diversify away from the geopolitical threat.

India is actively introducing new schemes for economic interaction! With such schemes, India can very quickly catch up with China, making money on...banana oil! Don't laugh, it's all serious here!

Russia began exchanging oil for Indian bananas
The Russian authorities are launching a “banana scheme” to solve the problem of trade imbalance with India, which increased oil purchases from Russia 11 times after the start of the war, but did not launch a return flow of goods into the Russian market.

How can the Chinese economy respond?

india is global south.. china is global north

india's global south competition is africa and south american countries

china's global north competition is russia, europe, north america

(economic north-south is more of the tropic of cancer, not the equator)

Regarding the government in India, there is an interesting article with an interesting graph.




Link to source of information:
https://www.zerohedge.com/geopolitical/modi-first-scholz-worst-ranking-approval-ratings-world-leaders

Forum participants, citizens of India, are asked to comment on this information

It would be great to hear from a local about the performance of the prime minister and his politics.
So far what gets thru is quite positive, Reducing bureaucracy is positive in my book. India can make good use of kind fleeing firms, fleeing from China. The rhetoric is still harsh.  

I absolutely agree that this is not a question of, for example, the next year. But India is laying the foundation for this process. Perhaps the crisis in the Chinese economy will also accelerate the “migration” of investments to India. Now the situation depends not only on India but also on China - if China can stop the degradation of its economy and resume adequate relations with the West, it will be more difficult for India. And if China continues to do what it is doing, it will only benefit India.

India has good ties with Israel while also maintaining good relations with Arabs and Palestine. It also have good ties with both USA and Iran, there are many more such cases where India is maintaining balanced relations between two arch rivals. India foreign policy is clear that we will maintain good relations with everyone but we won't side with any one party. Indian economy is going good mainly because they have a political system which is very stable for last 75 years.   

india becomes one of the poles of the world economy? in my opinion, it is still far away

india's economy is indeed on the rise, this is based on the increase in population which is increasing drastically from year to year, india is currently overtaking china in terms of human population, the principle is simple, the more population, the greater the economic turnover that occurs and this is what is currently happening in india.

from the results of googling that i did, the indian economy is currently the 9th largest in the world, this is quite high considering the population is so large and also that india is still classified as a developing country, slowly but surely the indian economy is starting to strengthen.

If the population were the same size, maybe now India will outnumber China because China seems to have been stricter about married couples having children in the past, unlike India, which I have never heard of.However, it must be acknowledged that India's strength in software development and innovation has begun to match China, so it is not surprising that many large manufacturers have set up factories there because of the cheap labor costs that can be obtained.But in terms of economics, I seem to agree that China is on par with the USA and Russia, and it still takes time for India to be able to match, but it is not impossible; it will be possible in the next few years; at least it can become a force to be reckoned with.But I don't think that there will be a conflict between China and India, because China also knows that India can certainly protect itself well because of renewable technology, which of course also needs to be taken into account.

India's economy and status briefly for the year 2023:
The year 2023 has been a good year for India. Western leaders gave an unprecedentedly warm welcome to Prime Minister Narendra Modi, and Russia offered New Delhi energy at unprecedentedly low prices. It seems that literally everyone wants to be friends with India: the country is both a member of the US-led Asia-Pacific Security Pact (AUKUS) and BRICS, which is dominated by China and Russia. It also managed to carry out a successful lunar mission for the first time this year. All this has a positive impact on the economy as well - if statistics are to be believed. International corporations are moving factories from China to India in an attempt to hedge against risks and diversify supply chains, and investors are rapidly buying up shares in Indian companies.

You don't have to read the official statement of the Chinese Communist Party of China to realize that China is losing ground!

There are plenty of other reasons for this and more important ones:
- a huge bubble of problems in the local economy
- disruption of interaction with the "global West", which leads to the loss of Western markets for investment and access to technology
- Tightening of the political and internal order in the country
- unsuccessful attempts to save the yuan by all kinds of manipulations
- interaction with or assistance to rogue countries, and support for global agreements

Even this is enough to assess the situation

Are there articles that you can provide that is proving that China is surrendering control over politics and economics in the region? I'm really curious as to the reason why they're going to do that because the China that I've known is someone that's aggressive and will bully their neighbors to live how they are living and at the same time steal the money and territories of those neighboring countries so that's why I can't believe that China is going to be doing that surrender anytime soon, I'm happy for India though, they're a superpower nation in the making and I think leading the South Asia is the best thing to be a part of or even start of, I just hope that they're doing nicely with their neighbors as they've got a lot of issues with Pakistan and Bangladesh right?

How many in India living people are involved in this thread?
I mostly see outsiders, me included. 

Honestly - in the topic about large and strong economies, it is not clear why the word "Russia" sounds ? A third world country with a resource economy, a raw material appendage of both China and India (especially in the last 2 years), on which nothing depends, which does not influence anything because its "greatness" is about 1% of the world economy

PS The only thing it gives to the world is terrorism, destruction and total lies. Including about its greatness and "stable economy".

India today easily and effortlessly manipulates Russia as a real raw material appendage - it forces to sell oil cheaply, and in the end it pays not in dollars, which Russia demands, but in local rupees to reduce the inflationary burden. "Russia's economy" - what are you talking about?! 

India is great in the International politics of history and ethno-regional studies due to its Political stability and peace despite being a multiple ethno-regional hegemony.

That aside, I do not believe that, India has the technological powers to replace China in that industry and market.

China has been in a cold war with the western bloc over supremacy competition for years which many scholars see as world war 3, India was not part of this technological struggle.

India is a strong world power and maintains dominance in the pharmaceutical sector as a result of the peoples' knowledge on healing powers of natural extracts, that does not translate to taking over the place of China.

China presently dominates the realm of global technology and this is made possible because of their large market. Africa forms the base of their largest market , most especially, Nigeria because we practice a free market system.

Production is not the only issue here but , the market determination and acceptance. Indian products , England products , American products, Finland and Switzerland products were predominant until China destroyed their markets and penetrated their market domination with their products through reduced price mechanisms.

Secondly, most western companies are penetrating the Chinese large market by having branches or moving their companies to China.

China is still conservative in their pharmaceutical sectors , if not , if Chinese adopts their traditional medicines and extracts and rebrand them into international market standards, they might take over India.

China does not only have tech power, they have some of the most effective medicines. 

It is actually difficult to take over the place of China in tech power. Another reason is because over the years , the country has moved into some powerful agreements with African countries, capitising on the economic hardship caused by the rise of the western currency on the global market, China has offered to accept their currency as a legal tender for International trade.

Nigeria as a country with International influence on the economy and politics of other African countries, has the ability to ensure the domination of the Chinese products in those countries. That is what has been happening.

Instead of taking loans from IMF and the world bank to advance their oppression, underdevelopment and neo-colonialism on Africans, China provides low interest loans to underdeveloped countries. This act strengthens International collaborations.

India had the same population compared to the China,but China had used his resources in the right way to achieve the goal of the strongest economy like US and Russia.China also from the Asia nation and it also under the colonialism like India.But they had come back with more powerful then India should be accepted one.China power is like to war against India by favouring of the Pakistan,this was the phenomenon of the Russia and United States.But with the economy this was happened.China also had the port in the Srilanka,which they get for the lease.If the China want to war against the Indian territory,this post is enough for them.But now India become friendly nation to both US and Russia was the reason for No War from the China.

This has been the trend for a long time now and in business perspective this is actually a good thing because labor is cheaper in India right? There's also the fact that there are some parts of the country that's still doing child labor and slave labor so you can see how that's attractive to businesses, cheaper labor means more profit for them when they sell their products which is unlikely to see any kind of decrease in prices and it's also noteworthy that India doesn't have a population control policies so they're going to be flourishing in terms of population therefore an increase in workforce unlike with China where they're experiencing a population collapse right now.

India can be the largest economy of the world and not only Asia if they did a few things right. India is in a better position than China to achieve it but there are many problems in India that needs to solve.
China too used to be a backward society with lack of regard for rules and huge unofficial economy. With the increase in earnings and strict policy and rules implementation from the Chinese government, they had been successful in bringing a huge population out of poverty and raise generations that are civilized.
India on the other hand even with increased earning has larger difference between the rich and poor and even though theirs increase in sense of pride, there has been slow increase in social morals.