Lets have a look at the stuffs around us, how many of them are Made in China?
China nickname is The World's Factory, from our phone to our underwear maybe made in China, yeah they able to produce anything in a massive quantity and cheap, for quality - dont ask lol.
I agree to someone above who said it will need decades to overthrown China as the most powerful economic country in Asia.
China gov can control everything because of their ideology but not with India.
India might be able to surpass China after the India gov able to slow down the population growth, eliminate the massive corruption, build more factories, provide a better education system and health care system including basic sanitation, reduce the pollution and many more.
Done is not synonymous with SOLD.
That's why the Chinese economy is export-dependent. And if the west stops buying its mass product, what can we talk about ? And this is exactly what is happening now - exports are falling, the largest capital outflow is taking place, western markets are turning away from Chinese products. And that's just the beginning of the problems.
I think the polite visit of China's ruler to the US is planned for a reason. And there will be discussed not only China's participation in supporting (and what level, it is also interesting) dubious regimes and dubious "HYIPs", but also the issue of saving the Chinese economy. BUT, I don't think China will be able to quickly and fully regain the West's favor....
Regarding "total control" - you probably mean totalitarianism in the new vector of China's development ? Yes, that's what it is - the state is "subjugating" private business and private companies. But it is not equal to getting a quality industry. Chinese businessmen and workers used to be motivated to earn more, and they succeeded. This is where one of the "trump cards" of the global factory - low labor costs - collapses. Nowadays, you can't make a Chinese person work for a penny.... now they will be forced either by ideology or by pressure... But remember the saying, "Slaves never work efficiently."
India is the world's 5th economy, but it's nearly 6 times smaller than China in terms of GDP. The Global South needs investments, and India can surely offer some of that, but nowhere near what China can offer, simply because the Chinese economy is so much bigger.
That being said, India is gaining more influence, and it's possible that China's
becoming less interested in the Global South right now, which helps India's cause. It is also obviously a better option for the Western world, considering that India is troubled, but a democracy, whereas China is a very authoritarian regime.
If anything, I think India has a better chance of exercising political influence in that region, than economic influence, when it comes to rivalry with China.
Let me remind you again - China's economy hinges on Western investment, the Western consumer market, and Western technology. This is now a thing of the past. China has not been able to take BRICS under itself, nor has it been able to find donors for its economy. That is why China has a problem - no matter how much it produces, if there is no buyer, there is no profit. And a billion people have to be maintained, especially if they go on totalitarian rails.
India is the new leader of the global south .... And a replacement for China ?
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" ?
The political stability of any country has a profound impact on its economy and India has been very fortunate in this regard. I think India is seeing a lot of growth, especially in the IT sector. You can judge the quality of education from the fact that you will often find Indians at the head of large international companies in the world.
India is also experiencing industrial growth and new businesses are being started. India is growing a lot in mobile companies and car manufacturing companies , it is also growing in technology. Recently, India had a successful experience in launching a space mission to the moon, Which shows that he is making progress. It is possible that India will replace China in the next few years and has the potential to challenge a big economy like China.
One of the key advantages of India is that a change of government or a change of elites does not have a strong negative impact on private business and economic development. What China can't boast of. As I already said, the new vector of domestic policy is authoritarianism and a “strong hand,” which negatively affects the development of private entrepreneurship and the free development of the market. China has already begun to strictly control and interfere in the affairs of private business, which negatively affects its domestic and foreign economy. And it’s difficult to call the prospects good. This is why India gets an additional “trump card” to compete with China