Topic: India is the new economic leader of global south. And replacement for China?... - page 5. (Read 1413 times)

India 2023 population is estimated at 1,428,627,663 people and about 17.76% of the total world population. India ranks number 1 in the list of countries (and dependencies) by population. The population density in India is 481 per Km2 (1,244 people per mi2). The median age in India are about 25 years.

China population is equivalent to 17.72% of the total world population. China ranks number 2 in the list of countries (and dependencies) by population. The population density in China is 152 per Km2 (393 people per mi2). The median age in China is 39.0 years.

Source : Worldometer

So, with India you have a much younger work force and probably also a lot of poverty ....so you can have cheaper labor cost. (Even though the poverty has significantly improved in India over the last couple of years)

China on the other hand has a much more disciplined workforce and they are more technologically advanced, so most manufacturing are done with robots and more efficient labor. 

I will repeat 2 arguments:
1. The success of China is not so much due to some well-thought-out internal policies of the Chinese leadership in the late 20th and early 21st centuries, but thanks to Western investments, Western interest in China, and Western technology and money. Until this moment, China remained a not very developed, largely agricultural country.
2. India's democratic vector, convenient geographical location, adequate politics, large population and not very high standard of living of the population (no offense here, but this is also a factor), are much more attractive than today's China. By the way, at Biden’s meeting with Xi Jinping, one of the issues discussed was the US refusal to withdraw its business from China. Because This is a REAL problem for the Chinese economy. And American companies need to move all this somewhere... And this is already a question in favor of India with a very high probability.

....
India is definitely not an economic leader compared to China. The fact they are a democracy is a great thing, but China has actually been able to grow at the pace it has over the last few decades because their "communist" party leadership has been able to push through a lot of changes that hurt but allowed them to expand rapidly. They now have brilliant infrastructure, highly developed cities and industrial networks which put them leagues ahead of India. India's tiny population advantage right now is dwarfed by the dysfunctional state of the country that barely seems to progress and still has big pockets of subsistence level existence. This may change however as many countries are getting unsettled by the more confrontational and aggressive approach of Xi Jinping.

Yeah, India is stepping up to the world economic stage. There is the important issue of focus. Chinese workers are like a well-oiled machine; they are naturally disciplined. India, on the other hand, is more like a music band: everyone is very good, but they all play different songs. "Jugaad," which is a cool Indian way of winging it, sometimes comes before efficiency. Yes, India has a lot of great people working there. There are amazing IT experts, engineers, and a young, active workforce. Though: social problems like poverty and injustice are still big issues that the govs can't solve

Then there's the idea of "being the next big thing" in the world market. India and the West are dancing together, which is good for business and security. The tech scene? Great. Bangalore and Hyderabad are making Silicon Valley look bad. Oh, and don't forget that going from the world's back office to the CEO's chair isn't easy. Being young and having cool start-ups aren't enough. It's about making an environment that encourages new ideas and keeps growth going. India indeed has the groove, but that groove hardly turns into something.

Some things that I am not sure are completely true, as disagreements within India's religious culture in maintaining caste discrimination will be a big challenge for them to rise to outstanding positions. , typically the gap between rich and poor in this country, and urban planning issues. I really hope to travel to India soon, to be able to experience and feel the reality of their lives, from the pictures that my friends shared before, some things that I admire are that they have a very impressive history, but the economic issue is not praised much, but it is easy to admit that they are developing very quickly.

When and why is China surrendering its position? China is the most influential actor in Southeast Asia. Even in the Indian market there are lots of chinease products that don't have any alternatives that are produced in India. In politices indias influence demolishes over Maldeaves. Bangladeshi people don't like india due to their involvement in internal politics there. India has its own internal political crisis and we saw that recent manipur clash. China is in better position than india in politically and economically in every sector.

This is such a refreshing good thing, India is not in the world politics hurting anyone. Have you ever heard India going around killing people? I mean China does, Russia does, Europe did/does, USA definitely does, all these powerful nations are hurting others to be at the top. India will not invade Iraq for oil, we know that much and that is why them getting bigger is such a good news. It will make the world see that you can be strong with peace, with friendship, with becoming allies to everyone, with sharing love.

This would be a great example and I think it will show the other bigger nations that they do not have to constantly attack each other to get strong economically.

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

China has recently started to openly surrender its position. both politically and economically.
politics is not the place to discuss, but the economy leaves much to be desired. Although it is partly a consequence of politics )

India is definitely not an economic leader compared to China. The fact they are a democracy is a great thing, but China has actually been able to grow at the pace it has over the last few decades because their "communist" party leadership has been able to push through a lot of changes that hurt but allowed them to expand rapidly. They now have brilliant infrastructure, highly developed cities and industrial networks which put them leagues ahead of India. India's tiny population advantage right now is dwarfed by the dysfunctional state of the country that barely seems to progress and still has big pockets of subsistence level existence. This may change however as many countries are getting unsettled by the more confrontational and aggressive approach of Xi Jinping.

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

China has recently started to openly surrender its position. both politically and economically.
politics is not the place to discuss, but the economy leaves much to be desired. Although it is partly a consequence of politics )

But to the main point - in the "Global South" today there is a situation when yesterday's leader, China, can no longer fulfill this role (although it wants to), and no one can take this place except India, due to many reasons.

At the same time, India looks much more attractive to the "Global West" than China, which has decided to go into a dictatorship inside, and has a rather dubious foreign policy. China has ceased to be a profitable global factory, plus purely political contradictions with the West. It was the outflow of Western investments, and the decline in demand of the Western market for products manufactured in China, that became the catalyst that accelerated the 3 processes:
- Import growth
- Reduced exports.
- And as a consequence, a shrinking trade surplus.

At the same time, a very complicated situation is brewing inside China with a chain of bankruptcies of budget-forming companies. Of course, China will hide it, but as they say "you can't cheat arithmetic, and 2+3 will never be 10". Another problem is the relocation of Western assembly sites from China. Large regional high-tech companies are also leaving Chinese sites - for example, Samsung.

And guess where all this is moving to ? That's right - to INDIA ! Stable, predictable, adopting the Western vector of development, and moving away from contacts with "dubious countries". India does not "beat in hysterics of dedolarization", does not conduct dubious negotiations, and does not support economic terrorism of some other countries against the world economy. India benefits from stability, long-term mutually beneficial relations with the developed world, a well-deserved place in the world economy and financial system, and realization of its regional ambitions, which China is beginning to lose by failing to implement 2 projects:
- "Yuanization" of the BRICS countries
- An attempt to "put the same BRICS club members on the needle" of importing Chinese products.
It was a poorly concealed but absolutely understandable attempt to save the economy, but ...

What about India? A country with a huge territory and great human potential, developed industry, and long-established ties with the Western world. India has a very good education, and not a small middle class, with good education from western educational institutions. In India, stealing Western technology is not part of the economy as it is in China, for example. In terms of logistics to EU and African countries, India is more conveniently located. Plus in India there is no problem of population aging, which started to give itself in China "thanks to" the policy - "one family - one child". It is also worth paying attention to the IT market - it is perfectly developed in India and continues to compete with other markets. Plus - wiser, more balanced and liberal business policy is what China is losing and will not contribute to the free development of the economy.


So the question is - what do you think about India's potential, opportunities and prospects, in light of the idea of India becoming at least the economical "Head of the Global South", and possibly "one of the poles of the world system" ?

This is such a refreshing good thing, India is not in the world politics hurting anyone. Have you ever heard India going around killing people? I mean China does, Russia does, Europe did/does, USA definitely does, all these powerful nations are hurting others to be at the top. India will not invade Iraq for oil, we know that much and that is why them getting bigger is such a good news. It will make the world see that you can be strong with peace, with friendship, with becoming allies to everyone, with sharing love.

This would be a great example and I think it will show the other bigger nations that they do not have to constantly attack each other to get strong economically. They can grow, they have huge potential, a big population too, and they can use that population to make sure that they are doing a lot of production, which could be used to export and make income, and that will be an incredible story for every nation out there today.

Maybe and not all items, if i make the assumption is that in some aspects only cina Curtain Country is always present in the trading system not only in manufacturing but also in the adoption of Bitcoin. The reason is simple China has a centralized government that tries to control all aspects of its money supply and India does have a large population, but China was still one step ahead in everything from the start.

Well things are rapidly changing for India in terms of manufacturing. Central governments have launched huge network of tendering system through their Government E-Marketplace abbreviated as GEM portal. It has raised the standards of manufacturing in many ways for quality supply chain.

Indian government has started subsidiaries for manufacturing units via MSME schemes through which they have segregated entire industries throughout India in Micro Small Mega entities. Based on which they are funding them to manufacture within India.

The next step that they launched was “Make In India” schemes where businesses are getting well funded to purchase heavy machinaties and set ups.

I think many decades is bit stretch, things might change sooner than we think. We never know strategies!

Nope, and it will take a few more decades for India to achieve the manufacturing ability of China.

But Western countries realized it years back and that is why they have been moving their part of manufacturing plants to India since post Covid era. For example, Apple invested and started their manufacturing plants in India so that in the future they won't be trapped under China's monopoly but as of now most of the core level technology is still imported from China to India for example semiconductors and over time things may change.

Nope, and it will take a few more decades for India to achieve the manufacturing ability of China.

But Western countries realized it years back and that is why they have been moving their part of manufacturing plants to India since post Covid era. For example, Apple invested and started their manufacturing plants in India so that in the future they won't be trapped under China's monopoly but as of now most of the core level technology is still imported from China to India for example semiconductors and over time things may change.

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

The advantage with India is that wages are quite low when compared to China. But at the same time, the taxes are quite high, regulations are complicated and productivity of staff is low. Factory workers in India are usually paid around $300 per month if they are on company roll. But a lot of corporations hire contract workers, who are paid only around half of this amount ($150 per month). On the other hand, in China factory workers are being paid around $900 per month or higher. The difference is huge and this attracts a lot of manufacturers to India. But the situation can change rapidly.

Also, Indian workers are not very disciplined and every now and then there are reports of strikes in factories. There was one infamous incident in Manesar when the workers at the Maruti factory rioted and burnt to death a HR executive. More than a hundred workers were charged for this crime, but at the end everyone were acquitted due to lack of evidence.

China are improving in the aspect of production, which many countries of the world has confirmed it that China are potential in the area of economy growth compared to India that are still struggles to improve their economy based on the pandemic that collapsed their economy few years ago to caused high inflation in their land. Since China leaders and citizens came together to fight corruption that has been disturbing their economy growth over years, and Many things they where using be imported from India, because India where make a huge amount of money from those things they where imported to china until China leaders begin to work for the favour of their country by sending some people to other countries of the world to learn so many things that will bring progress to their land. If you look at the developed countries in the world today, China are among them because they have planted so many things that is generating incomes to their country today.