How India Could Overtake China As the Fastest Growing Economy | Big Take
HTML-код
- Опубликовано: 31 май 2024
- India is posting some of the most robust economic growth rates right now in the world. And with China slowing, India could become the new engine of global economic growth.
But it will take strategic investments, increased labor participation and more for India to achieve its economic ambitions. Today on the show, Bloomberg’s New Delhi-based economics and politics reporter Dan Strumpf joins host Sarah Holder to discuss India’s roadmap, and what its success could mean for the rest of the world.
See omnystudio.com/listener (omnystudio.com/listener) for privacy information.
Each weekday, The Big Take brings you one story-one big, important story. Host Wes Kosova talks to Bloomberg journalists around the world, experts and the people at the center of the news to help you understand what’s happening, what it means and why it matters. Money, politics, the economy and business, energy, the environment, technology-we cover it all on The Big Take.
Subscribe to Bloomberg Podcasts: bit.ly/BloombergPodcasts
Listen to more of The Big Take: • The Big Take
#Bloomberg #Podcast #TheBigTake
Visit us: www.bloomberg.com/podcasts
Follow Bloomberg Podcasts on Twitter: / podcasts
Visit our other RUclips channels:
Bloomberg Television: / @markets
Bloomberg Originals: / bloomberg
Quicktake: / @bloombergquicktake
For coverage on news, markets and more: www.bloomberg.com/video
I dont understand the obsession of comparing India / China ... and how India will eventually overtake China. Each has its own strength and weaknesses , however, India has a huge disadvantage in terms of infrastructure, corruption, social structure ..and most of all governance
The rise of Any non-western power would be a win and should be celebrated. India deserves to have a seat in the UNSC table, replacing UK, which basically just echoed USA.
India has so many people like China, turn them into workforce like China did. Build textile factories, food factories, invite foreign investors!
India is not China, China has market reform 2 generation ago. without market reform you can't open the economy because your price are not competitive, if you open trade with other country, their good will flood in not out. factory take time to establish, by which time your people will be starving because the farmer would be destoryed by industrial farming prices. this is why India has unusually high tarriff and does not sign FTA with anyone. furthermore unlike China that has a unified education standard, most Indian can't even talk in the same language, they cannot be turn into labour if you can't even communicate with them. all these reform are generational. India will rise, but not before market and education reform are completed, and you can't magically educate people, there is a timeline, 15 years to complete the education system.
Number of skyscrapers (buildings above 150m) are also increasing In india rapidly.
In fact it is behind China (3,152), US(890), UAE(335) and then India (312)
Is India not already the fastest-growing major economy in the world?
They mean India will have the highest share of the entire global growth in absolute terms.
India is miles away from China when it comes to development.
@@garygeorge-wi7co As an Indian, I'd definitely not disagree with the fact.
Indian: We are a superpower
China: We are a developing country.
The comments section is always a delight to read. Lol
It is recommended to increase the dose and change the title to: How India Could Overtake America As the Fastest Growing Economy.
Dream on........
Yes, in term of growth rate. No, in term of growth value.
Unlike china whose gdp contribution from real estate was??
Because different countries have various methods to calculate their GDP, only looking GDP numbers could be very misleading. However, export data should be an objective way to measure the competitiveness of a country and also easily be verified by other countries .
America itself also don't have high speed line as China do which can run 360km/hr , but willing to see India have high-speed line .
America doesn't want high-speed rail. It is uneconomic which China is finding out. Most of their rail lines are losing money every year and maintenance costs for it will be astronomical.
天方夜譚～😮
You meant India still behind China?
Let's do some maths, Indian are good at maths
Today India GDP is $4 trillion, growing at 6%
China GDP is $19 trillion, growing at 5%
To double India GDP to $8 trillion, it will roughly take 10 years that means 2034
As for China, to double China GDP to $38 trillion , it will take 11 years that means by 2035 China GDP is $38 Trillion while India is $8 trillion, difference is $30 trillion while today the difference is $15 trillion.
China is not standing still waiting for India.
Watch out for Vietnam over taking India would be Indians need to be prepared for, over taking China can be entertained one day in the next century
China has manifold economic problems. They may say that they have 5% GDP growth but most economists doubt it. They are saying 1-2% and some are even saying 0%. You cannot take CCP numbers at face value.
Vietnam aggregate size will always be smaller than India...India would meanwhile be 50% of china by 2035 (percentage I am not talkign aggregate) but by 2055-2060 it would be almost equal and fron that point onwards it would be ONLY India :)...also too many assumptions...chinese birth rate fallen then increasig pension payments...real estate bubbles everywhere...then assuming that 5% growth is given NOT TRUE...China growth would redice from 5% to 3 gradually next two decades its not constant 5%....also Indias growth rate is 8.4% last quarter and it would clock 7-7.5 every year even if it performs badly...all in all....the difference would not be 30 trillion but 10 trillion by 2035 and by 2055-60 would reduce to almost 1-2 trillion :)
America find India can be the next good proxy for war against China , they have plans with modi and wanted modi to win this election so that America can shape India to be the next Ukraine 😂
Biggest Ukraine I have ever seen.
Bloomberg believe India can achieve at least 50% GDP in 4 years , as this required to par with China 18 trillions in 2023 .
Dream and keep dreaminh
India is growing, China is falling. The time to reach the same level is less when that happens.
@@YourHineyness dream and keep dreaming.
Just like peter zdihan and gordon chang.
Keep dreaming, don't wake as you will find the fact is hurting
@@karangputih We'll see, won't we?
@@YourHineyness Yes. We will see.
But for three decades until now
3, 3 T compare to 18.7
I will make a bet you will lose foerever
Come back to planet heart this is complete lies 😊
Keep fantasising. It doesn't cost anything.
Those who know how compounding works, know this truth. India is where China was in 2008.
@@SuperYoman100 Agreed. India cannot supersede China in the next hundred years.
@@SuperYoman100 exactly....
Look at these (hinese crying like sour lemon in the comment section.
Biggest problem of India is, it focuses on middle class & rich. Nothing is changing for lower middle class and poor people. And it will never happen. So, India will be India, not china.
After become the world's third largest economy the Indian government will do something for wealth distribution. It will impact the whole India.
You're absolutely wrong here. You need to study the economy more before making imaginary statements, The biggest problem India is facing right now is lack of skills, lack of jobs & Innovation. Middle class in India are the main growth drivers who work their @$$ out and contribute the most to the economy. Yet they are the ones who suffer the most. Inflation data seems incomplete where it says it is at 6-7% bracket but the ground reality shows the Inflation is not less than 10%. Sadly, There are no policies, Tax relief/reforms happened for the middle class individuals. China's growth model If you see was mainly driven by aggressive Government policies towards consumer spending, Increased PPP & an wavering support to manufacturing/Infra companies. Also, to answer the last part of your statement, Growth is not an overnight story specially for a democratic country like India. I'd suggest you to watch the clip of Charlie Munger's take on India and its business environment. His criticism regarding the country is spot on and well made . Do watch that.
The biggest problem that threatens both India and China is overpopulation. Look for food and fertilizer costs to begin to drag on both economies. Then, a hot summer or a flooded harvest or a drought, and starvation Will return.
@@freeheeler09 China's population dropped 825,000 people last year, the first time since Mao's famines and will drop more in each year going forward. The current fertility rate for China in 2024 is 1.707 births per woman, well below replacement.
The current fertility rate for India in 2024 is 2.122 births per woman so they are right at replacement rate, neither growing nor shrinking. So yes, overpopulation is a problem but it is dropping:
The current fertility rate for India in 2024 is 2.122 births per woman, a 0.79% decline from 2023.
The fertility rate for India in 2023 was 2.139 births per woman, a 0.93% decline from 2022.
The fertility rate for India in 2022 was 2.159 births per woman, a 0.92% decline from 2021.
The fertility rate for India in 2021 was 2.179 births per woman, a 0.95% decline from 2020.
All numbers I just now got from macrotrends.net.
My question is are you from India or regularly visited India in the past few decades? My first visit to India was 2004 and I have been going there annually ever since and the changes for the lower class is remarkable...20 years ago 95% of the lower class would be sending their kids to free government school...that has now changed to about 80% which shows the trickle down affect of economic growth...An auto drivers son now has much more opportunities to study engineering and move up the social ladder than they did even 20 years ago...there will always be lower class people in every society but the aim is to improve their lives year upon year to the point where they are on par with other working class people of developed nations rather than living off a dollar a day
Have a dream is good think, but by provoke is halusinate
"Chindia" ="China and India:
both; to:
work; TOgether!!"??-Etc. ;) :) ;) ;) :)
The ability to export manufacturing products always is a good indication of a national competences.
Very soon India will overtake China in every respect according to that dreamy Modi.... HAHAHA
Where is his quality workforce?.
Is it world's most likely economk9
Where was China's when it began to grow as India is doing now? India has a lot of young people, China has a lot of old people. That is India's ace.
Talk talk and talk but doing nothing.
We need Apple Boing Intel etc. in india, COCA-COLA MACDONALDS LVMH... can go to 🇻🇳🇲🇽.
dream pajjeet. Endian FM said Europe's problems are not world problem
This is straight up western propaganda
So India is a Western country now?
Eastern WEST would be vassal state@@YourHineyness
We need Modi for another term. The world is looking at India! - Love❤ from Bhutan
democracy can wait.
Must be a parody program.
One big slum.
Biggest joke of the century
Cry more buddy
India can overtake China??... In your dream maybe.... Lol. Keep on dreaming...
Cry more buddy 😂