How growth stories of India and China stack up
1 year, 11 months ago

How growth stories of India and China stack up

Live Mint  

New Delhi: Come Union budget day on 1 February, a central point of analysis would be if it’s enabling economic growth adequately. View Full Image Mint China’s great strength, and India’s weakness over the past 15 years or so, has been investment, or the net addition to capital goods like machinery and equipment. View Full Image Mint China scripted its story around manufacturing. In none of the 17 sectors tracked by the World Trade Organization did China’s global export share cross 10% in 1980. View Full Image Mint For example, the life expectancy at birth that China had in 1980, of 64 years, was something India achieved in 2003.

India Growth China Manufacturing Indian Sectors 1980  stack  image  indias  sectors  scheme  growth  india  china  1980  manufacturing  share

History of this topic

India will benefit from cooperation not by turning away from its neighbor: China Daily editorial
1 week, 1 day ago

India will benefit from cooperation not by turning away from its neighbor: China Daily editorial

China Daily  

In his meeting with President Xi Jinping on the sidelines of the BRICS Summit held in Kazan, Russia, on Oct 23, Indian Prime Minister Narendra Modi noted that maintaining the steady growth of India-China relations was critical for the two countries and peoples. Against a complex international landscape, cooperation between India and China, two engines of economic growth, could help …

China+1 plan: India’s limited gain
2 weeks, 5 days ago

China+1 plan: India’s limited gain

New Indian Express  

NEW DELHI: Government think tank Niti Aayog has admitted that ‘India has seen limited success so far in capturing the China Plus One strategy. It attributes factors like cheaper labour, simplified tax laws, lower tariffs and pro-activeness in signing free trade agreements have played a key role in helping these countries expand their share of exports. The US has raised …

Under Trump, India can find a way to become manufacturing powerhouse: Fareed Zakaria
1 month ago

Under Trump, India can find a way to become manufacturing powerhouse: Fareed Zakaria

India Today  

Veteran journalist and geopolitical expert Fareed Zakaria offered a comprehensive analysis of Donald Trump’s second term as US President, highlighting its global implications, particularly for India. US policy toward India for the last 25 years has been remarkably consistent and upward moving, and so I think what you're likely to see with India is the continuation of that upward moving …

India to contribute 20 pc of global workforce growth between 2023-2050, China share to decline: Report
1 month ago

India to contribute 20 pc of global workforce growth between 2023-2050, China share to decline: Report

Live Mint  

New Delhi, : India is set to play a pivotal role in global workforce growth, contributing 20 per cent of it between 2023 and 2050, according to a report by Angel One Wealth. It said "By 2030 high-income households are expected to triple, while middle-income households will nearly double making India the fastest-growing nation in terms of per capita income". …

India to contribute 20 pc of global workforce growth between 2023-50, China share to decline: Report
1 month ago

India to contribute 20 pc of global workforce growth between 2023-50, China share to decline: Report

New Indian Express  

NEW DELHI: India is set to play a pivotal role in global workforce growth, contributing 20 per cent of it between 2023 and 2050, according to a report by Angel One Wealth. It said, "By 2030 high-income households are expected to triple, while middle-income households will nearly double making India the fastest-growing nation in terms of per capita income". The …

India's Mobile Manufacturing Boom: A Global Powerhouse Emerging
Trending News
1 month, 3 weeks ago

India's Mobile Manufacturing Boom: A Global Powerhouse Emerging

Firstpost  

India's mobile manufacturing industry is gaining global attention, thanks to the Make in India initiative. Big companies like Samsung and Apple are setting up large factories in the country, making India the world's second-largest exporter of mobile phones. With Samsung's mega factory in Noida and Apple moving some iPhone production to Tamil Nadu, India is becoming a key player in …

IMF says India's GDP growth to moderate to 7% in 2024 and 6.5% in 2025
6 months ago

IMF says India's GDP growth to moderate to 7% in 2024 and 6.5% in 2025

Times of India  

NEW DELHI: The International Monetary Fund has forecast that India's GDP is likely to grow to moderate from 8.2% in 2023 to 7% in 2024 and 6.5% in 2025. "In India, the outlook is for GDP growth to moderate from 8.2% in 2023 to 7% in 2024 and 6.5% in 2025, because pent-up demand accumulated during the pandemic has been …

India lost the manufacturing race to China. Here's why it could still succeed
6 months, 2 weeks ago

India lost the manufacturing race to China. Here's why it could still succeed

NPR  

India lost the manufacturing race to China. The Ticking Clock For Indian Economic Development While India’s economy has fallen dramatically behind China’s in recent decades, it’s been looking better recently. “Today, when India enters, it's not competing with Western countries, it is competing with Bangladesh, Vietnam, and still China,” Rajan says. To achieve this vision, Rajan believes India needs to …

Indian economy projected to grow 6.5% in 2024: UNCTAD
8 months ago

Indian economy projected to grow 6.5% in 2024: UNCTAD

The Hindu  

India’s economy is projected to grow by 6.5% in 2024, according to a report by the UN which noted that multinationals extending their manufacturing processes into the country to diversify their supply chains will have a positive impact on Indian exports. “The expansion in 2023 was driven by strong public investment outlays as well as the vitality of the services …

India can’t achieve China’s past 8-10% growth, Morgan Stanley says
9 months ago

India can’t achieve China’s past 8-10% growth, Morgan Stanley says

Hindustan Times  

India is not likely to achieve 8%-10% economic growth rates that China had over the long term, Morgan Stanley’s chief Asia economist said. Chetan Ahya told Bloomberg that India’s economy will likely grow steadily at 6.5%-7% over the long term but it is not going to replace China as a global manufacturing hub. A screen displays the trading information for …

In A World Starved Of Growth, India Is An Outlier, Will Become Third-Largest Economy In 5 Years: Amitabh Kant
9 months, 2 weeks ago

In A World Starved Of Growth, India Is An Outlier, Will Become Third-Largest Economy In 5 Years: Amitabh Kant

ABP News  

India is set to become the third-largest economy and stock market in the world in the next five years, G20 Sherpa and former NITI Aayog chairman Amitabh Kant said at the India Dialog conference, organised by the Stanford University US-Asia Technology Management Center, in partnership with the Institute for Competitiveness. Sharing his inputs on the country’s growth, Kant stated: “In …

Why India Isn’t the New China
11 months ago

Why India Isn’t the New China

Live Mint  

China’s economy is struggling, but another Asian giant, neighboring India, is suddenly squarely on investors’ and manufacturers’ radar. India’s age-dependency ratio—a measure of the burden of child and elderly care on households—has fallen to 47 in 2022 from 82 in 1967, according to the World Bank. Only a third of India’s female working-age population was in the labor force in …

Focus on India's Strengths for Faster Growth: Rajan
1 year ago

Focus on India's Strengths for Faster Growth: Rajan

Deccan Chronicle  

In 2005, Dr Raghuram Rajan, then with the International Monetary Fund, drew disapproving looks from an audience of economists and bankers in Jackson Hole, Wyoming, in the US, when he said the roll-out of complicated instruments, such as credit-default swaps and mortgage-backed securities, made the global financial system a riskier place. Dr Rajan, Katherine Dusak Miller Distinguished Service Professor of …

Indian economic prospects may require a more realistic analysis
1 year, 3 months ago

Indian economic prospects may require a more realistic analysis

Live Mint  

The chaos and cacophony of bazaars have a life-affirming quality. Walking through a Delhi bazaar last week, chatting with friendly shopkeepers and roadside merchants and revelling in the warm glow of traditional India, it was impossible not to feel optimistic about the country’s prospects. Recall that, in 2020-21, India’s economy, still recovering from an unwarranted demonetization, contracted by 7% as …

India's GDP growth exceeds expectations, but key to 'Amrit Kaal' lies in manufacturing
1 year, 6 months ago

India's GDP growth exceeds expectations, but key to 'Amrit Kaal' lies in manufacturing

Firstpost  

The coming 24-25 years will be crucial to India in determining its stakes as a global political and economic power. The fifth-largest economy now needs to gear up to its highest potential, with the manufacturing sector being given a fair chance to show its charisma Outperforming expectations, India’s GDP grew at the rate of 6.1 per cent in the last …

India’s economy picks up speed amid global slowdown
1 year, 6 months ago

India’s economy picks up speed amid global slowdown

Al Jazeera  

With 6.1% quarterly growth, India remains one of the fastest growing emerging economies, especially as China’s recovery stumbles. India’s economic growth has accelerated to 6.1 percent in the January–to-March quarter, boosted by government and private capital spending even as private consumption remained sluggish, government data shows. The manufacturing sector, which for the past decade has accounted for just 17 percent …

India is making its mark in the world
1 year, 6 months ago

India is making its mark in the world

Hindustan Times  

India is in a rare moment of equilibrium. India’s economy is no longer at the receiving end of the global order but is in the fray of the world’s most powerful future economies, with an unmatched growth rate. The International Monetary Fund says India and China will account for 50% of the total world gross domestic product growth in 2023, …

Indian growth cannot be built on Chinese efficiency: S. Jaishankar
1 year, 7 months ago

Indian growth cannot be built on Chinese efficiency: S. Jaishankar

Op India  

External Affairs Minister S Jaishankar on Wednesday stated that the Indian economy cannot grow on the back of Chinese efficiency and that businesses have to stop looking for “China fixes.” He was speaking at the launch of the book “Made in India: 75 Years of Business & Enterprise” by India’s G20 Sherpa Amitabh Kant. I know that it is not …

Why China got population control wrong; India got it right
1 year, 7 months ago

Why China got population control wrong; India got it right

Al Jazeera  

Yes, India has many challenges ahead, but compared with China, it has shown that slow and steady can win the race. Today, as India’s population passes China’s amid a mix of hope and apprehensions about its implications, it’s important to recall those journeys so societies and policymakers draw the right lessons from them. Under India’s federal structure, state governments set …

World’s largest population: Will India gain or lose?
1 year, 8 months ago

World’s largest population: Will India gain or lose?

Al Jazeera  

India has the world’s largest workforce. “The greatest obstacle in the path of overall economic development is the alarming rate of population growth,” India’s health and family planning minister S Chandrasekhar said in 1967. In many ways, this is an indictment of Prime Minister Narendra Modi’s “Make in India” policies that have been pitched as a means to turn the …

A resilient India, but growth pangs for China
1 year, 9 months ago

A resilient India, but growth pangs for China

The Hindu  

The Chinese government has disappointed observers with the projection of a growth target of around 5% in 2023, which is lower than that of last year and even lower than the expected GDP growth for India in 2023. Job creation and foreign investment Against such a backdrop, job security is one of the most important objectives of the sustainable growth …

Aging factory: The Hindu Editorial on China’s population decline
1 year, 11 months ago

Aging factory: The Hindu Editorial on China’s population decline

The Hindu  

The last time China’s population saw a decline was in 1961, in the midst of a devastating four-year famine following Mao’s failed “Great Leap Forward” campaign. As a paper from Japan’s Research Institute of Economy, Trade and Industry pointed out, the proportion of child and elderly populations in China as of 2020 was similar to Japan’s in 1990. Moreover, China …

India’s growth in able and skilled hands
1 year, 11 months ago

India’s growth in able and skilled hands

Deccan Chronicle  

HYDERABAD: The world’s population has surpassed the 8-billion mark. As India aspires to become a five trillion USD economy, studies on the subject say that if women contribute in a ‘full-potential’ scenario – that is if women participate in equal numbers as men,India would add $2.9 trillion to its annual GDP in 2025. India’s Paradox – Case of Missing women …

India is a glimmer of hope in a slowing world
1 year, 11 months ago

India is a glimmer of hope in a slowing world

Live Mint  

As we welcome 2023, there is much to be optimistic about and as much to reflect on. From bringing global manufacturing and supply chains to India to striking astute bilateral trade deals to building the much-needed infrastructure at a steady pace, the Prime Minister has dramatically altered not only the ease of doing business but also rendered the country a …

Indian manufacturing sector and the great transformation under Narendra Modi
2 years ago

Indian manufacturing sector and the great transformation under Narendra Modi

Firstpost  

With the vision of transforming India into a manufacturing hub, our government under the leadership of Prime Minister Narendra Modi took concrete steps towards improving various business parameters In 2014, when Prime Minister Narendra Modi took the reins of our nation, India had been tagged as one of the so-called “Fragile Five” nations alongside Indonesia, Brazil, Turkey, and South Africa, …

How to sustain 7% growth for India
2 years, 3 months ago

How to sustain 7% growth for India

Live Mint  

One country stands out from the gloomy overall tone of the International Monetary Fund’s recent update of its World Economic Outlook. This is the fastest growth of any large economy except Saudi Arabia, which is the incidental beneficiary of upward pressure on global oil prices from Russian President Vladimir Putin’s war against Ukraine. One might also note that, with India’s …

Achieving 11pc growth in next decade possible if India capitalises on demography, exports: RBI Dy Guv
2 years, 4 months ago

Achieving 11pc growth in next decade possible if India capitalises on demography, exports: RBI Dy Guv

India TV News  

RBI growth forecast: India can "bend time' and catapult to an 11 per cent growth rate in the next decade if it capitalises on the demographic dividend, and boosts manufacturing, as well as exports, RBI Deputy Governor Michael Patra said on Saturday. "India must raise the share of manufacturing to at least 25 per cent of GDP to become a …

India Inc could play a lead role in our economy’s global emergence
2 years, 5 months ago

India Inc could play a lead role in our economy’s global emergence

Live Mint  

As India celebrates its 75th year of Independence with the Azadi ka Amrit Mahotsav, we stand at the cusp of a new emerging world order. As former PM Manmohan Singh had commented, “The brightest jewel in the British crown was the poorest country in the world in terms of per capita income at the beginning of the 20th century.” Post-independence, …

Strong infra crucial for growth
2 years, 6 months ago

Strong infra crucial for growth

The Hindu  

The Indian government launched its ‘Make in India’ initiative in September 2014 to focus on the growth of the manufacturing sector. India’s weak infrastructure continues to be one of the biggest challenges for the manufacturing sector. India has come a long way in developments like digitalisation across state boundaries, building inter-connected expressways, better power facilities etc., but we are still …

China and India depict picture in contrast | OPINION
2 years, 6 months ago

China and India depict picture in contrast | OPINION

India Today  

It’s a tale of contrast. Investment bank UBS's forecast of 4.2-3 per cent growth in China has not only unnerved President Xi who is preparing for a third term coronation in September. India has emerged as the fastest-growing economy globally, displacing China with an 8.7 per cent GDP uptick in the fiscal year ending April 2022. If one were to …

China’s ‘inevitable’ global dominance
2 years, 6 months ago

China’s ‘inevitable’ global dominance

The Hindu  

Learning Mandarin in Hong Kong in 1971 soon after he joined the Indian Foreign Service opened “a whole new and fascinating world” for Shyam Saran. This encouraged the Chinese to balance this development by upgrading their own relations with India, and this increased India’s room for manoeuvre vis-à-vis China. At their meeting, Prime Minister Manmohan Singh and Wen Jiabao reached …

India’s GDP can grow to $40 trillion if working-age population gets employment: CII report
2 years, 8 months ago

India’s GDP can grow to $40 trillion if working-age population gets employment: CII report

The Hindu  

India’s Gross Domestic Product can grow from the current $3 trillion to $9 trillion by 2030, and $40 trillion by 2047, if the country’s working-age population — which is expected to increase by over 100 million people between 2020-30, is productively employed, according to a report by the Confederation of Indian Industry. ‘Golden period’ “The golden period of 30 years …

Explained: Why India's economy needs a manufacturing push
3 years, 3 months ago

Explained: Why India's economy needs a manufacturing push

India Today  

India’s economy needs a strong manufacturing push as the nation’s dominant services sector struggles to return to normalcy after two deadly waves of the Covid-19 pandemic. Read | Covid-19: India’s services activity in May contracts for 1st time in 8 months SLOW PROGRESS IN MANUFACTURING Even before the pandemic brought the economy to a standstill in 2020, growth in India’s …

Growth is just not picking up, but no end to triumphalism
3 years, 10 months ago

Growth is just not picking up, but no end to triumphalism

Deccan Chronicle  

We have entered the 13th consecutive quarter of economic slowdown in India. Speaking loudly of competing with China and America but then falling behind even Bangladesh’s per capita GDP does not inspire confidence. When results for the same quarter year on year appear sometime in the middle of 2021, Prime Minister Modi will exclaim that we are the world’s fastest-growing …

India must get its manufacturing policy right this time
4 years ago

India must get its manufacturing policy right this time

Live Mint  

Two headlines in Mint point to a window of opportunity for India to fix a festering problem of its economy. The first: “India in a Deglobalizing World”; and the second: “PLI Wind in Sails for India Inc.” India’s manufacturing sector lacks sufficient depth for a large country. In 1990, India’s manufacturing sector was comparable with China’s. Not only has China …

Growth of Manufacturing Sector is Key to Creation of Jobs in India, Says Maruti Suzuki Chairman
4 years, 3 months ago

Growth of Manufacturing Sector is Key to Creation of Jobs in India, Says Maruti Suzuki Chairman

News 18  

The coronavirus pandemic is creating a greater awareness among people in India that this is the time to make radical changes and take steps for faster growth of the manufacturing sector and the economy, Maruti Suzuki India Chairman R C Bhargava said on Wednesday. Addressing shareholders at the company's annual general meeting, he said the key to grow the economy …

India needs to create 90 million jobs by 2030 to avoid economic stagnation
4 years, 3 months ago

India needs to create 90 million jobs by 2030 to avoid economic stagnation

Deccan Chronicle  

Chennai: India’s GDP would have to grow by 8 to 8.5 per cent annually and the country would have to create jobs for 90 million workers by 2030. Over the decade to 2030, 60 million new workers are likely to enter the workforce as per current demographic trends, and an additional 30 million workers could move from farm work to …

Why India could gain as firms move supply chains away from China
4 years, 4 months ago

Why India could gain as firms move supply chains away from China

Al Jazeera  

The Indian government has given incentives to electronics giants like Samsung to set up manufacturing plants. India’s latest set of incentives to entice businesses moving away from China seem to be working, with companies from Samsung Electronics Co. to Apple Inc.’s assembly partners showing interest in investing in the South Asian nation. Prime Minister Narendra Modi’s government in March announced …

The geography of growth in India
4 years, 4 months ago

The geography of growth in India

Live Mint  

One of the striking features of India’s growth boom since the 1980s has been the concentration of economic activity in a handful of states. Conventional economic theory suggests that poorer states should have grown faster during India’s growth boom since the 1980s. According to Annual Survey of Industries data for 2017-18, a majority of India's factory jobs are clustered in …

The secret sauce behind Asia’s growth miracles
4 years, 4 months ago

The secret sauce behind Asia’s growth miracles

Live Mint  

It is well-recognized today that India’s infrastructure deficit needs to be fixed. Unsurprisingly, the Reserve Bank of India Governor Shaktikanta Das called for a big infra push to revive India’s growth engines at a Confederation of Indian Industries event a few days ago. What is less well recognized is the role of India’s social infrastructure deficits --- in education, skills, …

Discover Related