Topic: India is the new economic leader of global south. And replacement for China?... - page 7. (Read 1324 times)

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.

The only big advantage of India is the enormous population, but this can be a double edged sword, because 99% of those people are very poor and uneducated. The "poverty trap" is a big problem for India.

Yes, I agree that India has a lot of "peculiarities". please do not take offense, but there is corruption, there is clannishness, if there are a lot of poor people. But, uh. that's no reason to give up and not fight it. Remember China 30 years ago? Agrarian appendage of the world, with wild unemployment, very low standard of living, and no prospects were seen until investments went into China. And it turned out that from such a country, in 20 years you can build what China is now. India's situation today is MUCH BETTER than China's was back then. And the issue here is not just financial, but economic and political power. Money will most likely be a derivative of the political and economic weight achieved on a global scale

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" ?

India has a LONG way to go in order to replace China and it definitely is not YET the "economic leader".

However, what may happen in the future is that as China moves more into the high tech productions and as the Western problems with China grows, they start moving some production to India considering that the Western countries are not capable of producing any of these things domestically. That would give India an edge.
We all know that this itself is a big problem for India because unlike normal countries, the Western countries see any kind of economic growth as a threat! After all that is why they have problems with China. So we can already predict that the same Western countries that "allow" India to grow will try to slow down that growth and keep it to the levels they like.

But this hasn't happened yet and it also requires a lot of other things specially as the World Order is changing and if India keeps making mistakes (like the most recent one with the Arab-Med corridor) the economic consequences of it could push them back by a lot.

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

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

This is very much possible! Becoming a financial superpower is not a distant dream for India and it's very much on its way. The only challenge is beaurocray and red tape protocols that has become a mainstream system in India. If India is able to remove bureaucratic road blocks and the work culture of the government, it might as well become a military superpower along with financial prowess.

India has been a huge provider of quality human resources to the rest of the world for many years. If those quality human resources can be used for India's progress, that will become a blessing for the growth of India.

But this is just a possibility and we have many roadblocks to remove.

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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" ?

(...)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" ?

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 ?

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" ?

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" ?