Aakar Patel | China became a global leader in 10 years, as India shifted its focus
1 month ago

Aakar Patel | China became a global leader in 10 years, as India shifted its focus

Deccan Chronicle  

In the decade that the BJP’s ideology took control in India, things did not stand still elsewhere. In 2015, China’s Prime Minister Li Keqiang announced a 10-year initiative to reduce China’s reliance on foreign technology and to move China from being a low-cost manufacturer to a direct competitor with the world’s most advanced economies — Germany, Taiwan, Japan, Korea and the United States. The sectors were classified into those where in China’s assessment it was “behind”, where it was “competitive” and where it was a “global leader”. America’s President also felt threatened by the rise of China, which today has an economy of about two-thirds the size of the United States, and will likely equal it in the next couple of decades. This dislike of China’s ambitions was so deep that China soon stopped speaking about “Made in China 2025”.

Global India Chinese Solar Panels Advanced Today China  today  china  india  advanced  aakar  shifted  leader  global  chinese  worlds  focus  solar  patel  chinas  sectors

History of this topic

DC Edit | Will India Inc Heed PM’s Call?
2 weeks, 4 days ago

DC Edit | Will India Inc Heed PM’s Call?

Deccan Chronicle  

Prime Minister Narendra Modi’s call for Indian companies to focus on research and development to manufacture innovative products for global customers aptly sets out the future agenda for the Indian industry. For several decades, the developed world looked at profit maximisation — the cardinal principle of capitalism — by outsourcing work to Third World countries to reap the benefits of …

Dealing with China’s weaponisation of e-supply chains
1 month, 1 week ago

Dealing with China’s weaponisation of e-supply chains

The Hindu  

In mid-January this year, news emerged of China preventing travel by its citizens working as engineers and technicians in Foxconn’s facilities in India. Given the scale and the development trajectory of India’s manufacturing sector bearing potential similarities to that of the Chinese experience, Beijing realises the need to limit the rise of its geopolitical rival and also remind global corporations …

Dominant China provides both a challenge and a blueprint, says Economic Survey
1 month, 3 weeks ago

Dominant China provides both a challenge and a blueprint, says Economic Survey

Live Mint  

New Delhi: In the Economic Survey 2025, China is mentioned 102 times, casting a long shadow over the global economic landscape. The survey highlighted to China’s near-total dominance of global battery manufacturing and wind energy supply chains, areas where India is just beginning to establish a foothold. India’s strategic response Against this backdrop, the Economic Survey emphasizes the need for …

Why China Is Trying To Wreck India's iPhone Revolution
2 months, 1 week ago

Why China Is Trying To Wreck India's iPhone Revolution

India Today  

A recent report has revealed China’s efforts to block advanced technology and skilled talent from reaching India. This move seems to be part of a broader strategy aimed at countering India’s growing prominence in global manufacturing. Delays in the export of critical infrastructure and oil drilling equipment further demonstrate China’s intent to undermine India’s development. Former Foreign Secretary Vijay Gokhale …

India is shining but needs to go beyond IT to become global power
2 months, 2 weeks ago

India is shining but needs to go beyond IT to become global power

Firstpost  

In order to compete and excel China as an economic and military power, India needs to add hard muscle power to its digital power. Recent statistics showing India’s services exports surpassing its merchandise exports are not just numbers but a testament to the country’s growing strategic importance in the global tech services value chain. The presence of these centres underscores …

India will benefit from cooperation not by turning away from its neighbor: China Daily editorial
3 months, 1 week 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
3 months, 2 weeks 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
4 months 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-China Border Deal: A Long-Overdue Resolution
5 months ago

India-China Border Deal: A Long-Overdue Resolution

News 18  

Prime Minister Narendra Modi and Chinese Premier Xi Jinping will hold first bilateral talks in five years on Wednesday on the sidelines of the 16th BRICS Summit in Russia. Both countries reached an agreement to resume border patrolling operations along LAC following the disengagement process along the disputed areas.

India lost the manufacturing race to China. Here's why it could still succeed
9 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 …

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

India’s rival is Vietnam in the game of attracting global manufacturers
1 year, 1 month ago

India’s rival is Vietnam in the game of attracting global manufacturers

Live Mint  

If India wants to build a robust computer and electronics manufacturing industry, it needs to shift focus, fast. The latest reminder of this urgency came last week with a US appeal for New Delhi to make the business environment easier and more transparent to navigate, or keep losing out on foreign direct investment. Though India is getting a lot of …

Why India Isn’t the New China
1 year, 2 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 …

India is making its mark in the world
1 year, 9 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, …

Aakar Patel | No. 1 in population, but future is bleak: Demographic dividend lacking
1 year, 10 months ago

Aakar Patel | No. 1 in population, but future is bleak: Demographic dividend lacking

Deccan Chronicle  

New India is again the world’s most populous nation. A few days ago, the Wall Street Journal published an article with the headline “India’s population surpasses China’s, shifting the world’s centre of gravity”. The article explained that India had “added zero net jobs over the past decade” though over 100 million new people had entered the labour force. The Economic …

A resilient India, but growth pangs for China
2 years 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 …

Premature to Think India Will Replace China in Influencing Global Economic Growth: Rajan
2 years, 2 months ago

Premature to Think India Will Replace China in Influencing Global Economic Growth: Rajan

News 18  

Former RBI governor Raghuram Rajan on Tuesday said it is too premature to think that India will replace China when it comes to influencing global economic growth. However, the situation may change going forward as India is already the world’s fifth largest economy, it is growing and has the potential to keep expanding. At a World Economic Forum press briefing …

How growth stories of India and China stack up
2 years, 2 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 …

Aakar Patel | If our trade with China can see a rise, why not with our neighbours?
2 years, 2 months ago

Aakar Patel | If our trade with China can see a rise, why not with our neighbours?

Deccan Chronicle  

Reserve Bank governor Shaktikanta Das said last week that the government and the RBI were in discussions with South Asian countries to enable cross-border trade in the rupee. The World Bank says that trade between South Asian nations accounts for only five per cent of the region’s total trade. The World Bank says “border challenges mean it is about 20 …

China-plus-one strategy puts India at a vantage position: Rajeev Chandrasekhar
2 years, 4 months ago

China-plus-one strategy puts India at a vantage position: Rajeev Chandrasekhar

The Hindu  

India has a great scope to emerge as a sizable player in electronics and semiconductor products manufacturing as part of China-plus-one diversification strategy, said Union Minister of State for Electronics and Information Technology Rajeev Chandrasekhar. “We are well-positioned to become a trusted global partner under China-plus-one strategy and hopeful of becoming part of Global Value Chains for logic semiconductors, chip …

Time for India as a product nation
2 years, 5 months ago

Time for India as a product nation

Live Mint  

An enabling ecosystem builds its own momentum. The next step is to build our products and get into product ownership to usher in a new era of Make in India products that are 100% repairable and upgradable and support the vision of a robust growth nation catering and supporting a circular economy to the global market as well. Next, the …

Aakar Patel | Can India do what it takes to make a big leap forward?
2 years, 6 months ago

Aakar Patel | Can India do what it takes to make a big leap forward?

Deccan Chronicle  

India has overtaken the United Kingdom to become the world’s fifth largest economy. In the 10 years till 1993, that nation grew its GDP by 15 per cent each year to reach $8,884. The World Bank’s data shows that India’s per capita income in 1960 was $82, while China’s was $89. To grow at 15 per cent per year is …

Taiwan-China Tensions: How does this impact India’s auto sector and semiconductor demand
2 years, 7 months ago

Taiwan-China Tensions: How does this impact India’s auto sector and semiconductor demand

Live Mint  

Five months after Russia's invasion of Ukraine, another geopolitical conflict arose between China and the United States. The Chinese ministry opposed Pelosi's visit to Taipei, saying that "Pelosi disregarded China's strong opposition and solemn representations and visited Taiwan, China." Taiwan Semiconductor Manufacturing Company is the world’s largest contract chip manufacturer and Asia's most valuable listed company at $600bn, according to …

China and India depict picture in contrast | OPINION
2 years, 9 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, 9 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 …

Aakar Patel | As world keeps growing, India’s sinking, going back to the past
3 years, 8 months ago

Aakar Patel | As world keeps growing, India’s sinking, going back to the past

Deccan Chronicle  

Till four years ago, the Indian government would use the phrase “fastest growing economy”. Prime Minister Narendra Modi would repeat the phrase “one bright spot in the global economy” to describe the country, and used it last at 8 pm on Tuesday, November 8, 2016, when he gave us the demonetisation speech. Private consumption has contracted and is at an …

The India moment in the $100-billion club
4 years, 5 months ago

The India moment in the $100-billion club

Hindustan Times  

After the announcement of its results in October, Tata Consultancy Services ’s market valuation rose to $144.7 billion, pipping Accenture at $142.4 billion and IBM at $110.5 billion. By 2010, its market cap had grown to a creditable $25 billion and it had become the segment leader in India In 2000, the most-valued company in the world was General Electric …

Abhijit Bhattacharyya | Throw Chinese out of India’s economy; war is not an option
4 years, 6 months ago

Abhijit Bhattacharyya | Throw Chinese out of India’s economy; war is not an option

Deccan Chronicle  

As the tense standoff with China in Ladakh worsens, with shots fired at the Line of Actual Control for the first time in 45 years, the battle drums are beating in some quarters and there is loose talk of a “short war” in the next few months. The September 5 New York Times had a disturbing front page headline: “Pandemic …

Aakar Patel | China’s long-term game: What does it really want?
4 years, 9 months ago

Aakar Patel | China’s long-term game: What does it really want?

Deccan Chronicle  

A meeting between India and China took place on Saturday about the problem on the Ladakh border. They would send groups of soldiers from one area, called Finger 4, that was near the Indian base, to another area called Finger 8, near the Chinese base. From May, China has physically stopped Indian patrols from proceeding beyond Finger 4, effectively giving …

Why China moved ahead of India and what can we learn from our neighbour
5 years, 5 months ago

Why China moved ahead of India and what can we learn from our neighbour

India Today  

In their current identities, India is three two years older to China though both are ancient civilizations. Today as China turns 70 - October 1 is the National Day in China - it is way ahead of India in respect of the economy, military power, technological progress and even in pollution control. But after Mao Zedong's death, the new leadership …

The aspirational generation behind India’s China ambitions
5 years, 10 months ago

The aspirational generation behind India’s China ambitions

CNN  

New Delhi CNN — For India’s aspirational millennials, Cyber City is the land of opportunity. “A country’s ability and potential for growth is determined by the size of its youth population,” said a 2017 report by India’s Central Statistics Office. “He’s very charismatic and I think our country needs that right now.” Chopra said Modi’s flagship development program, Swachh Bharat, …

Opinion | China and India: Struggling to rebalance
6 years, 3 months ago

Opinion | China and India: Struggling to rebalance

Live Mint  

China and India make up for two contrasting—but fascinating—case studies of economic management in emerging economies. Interestingly, China was at India’s current per-capita GDP back in 2006, a gap of 12 years that is similar to the 13-year head start China had compared to India in initiating economic reforms. Subsequently, however, China’s per capita GDP surged slightly less than five …

The challenge of living next to China
7 years ago

The challenge of living next to China

Deccan Chronicle  

The note of elation that seems to have crept into our discourse because of India’s GDP growth once gain creeping past China’s can’t be missed. A slowed-down China now growing at 6.6 per cent still adds $700-800 billion to global growth, while a speeded-up India now growing at more than seven per cent adds a mere $160 billion. Thus, even …

India can grow faster than China, says NITI Aayog Vice-Chairman Rajiv Kumar
7 years, 3 months ago

India can grow faster than China, says NITI Aayog Vice-Chairman Rajiv Kumar

Firstpost  

India can take over the baton of higher growth from China for the next three decades if ties between the two Asian giants remain buoyant and the Indian economic trajectory follows the Chinese one, NITI Aayog Vice-Chairman Rajiv Kumar has said. Beijing: India can take over the baton of higher growth from China for the next three decades if ties …

How India, China perform will fundamentally reshape the world: Rahul Gandhi
7 years, 6 months ago

How India, China perform will fundamentally reshape the world: Rahul Gandhi

Live Mint  

Princeton: Congress vice-president Rahul Gandhi on Wednesday said that, notwithstanding the path chosen by them, the performance of India and China would determine how the world would fundamentally be reshaped. Gandhi, who was interacting with students at the Princeton University, noted that there was “a lot of synergy” between India and the US. India and China are two huge countries …

India-China row: Chinese smartphone maker Coolpad's CEO positive about business in India
7 years, 6 months ago

India-China row: Chinese smartphone maker Coolpad's CEO positive about business in India

Firstpost  

“Both India and China are strategically major countries. I believe in the wisdom of the leaders of the two countries,” said CEO of Chinese smartphone maker. As a dragging Sino-Indian military standoff continues, Chinese smartphone maker Coolpad’s Global CEO James Du believes peace will finally prevail and businesses including the smartphone industry will not be affected. According to Du, since …

India: A hurdle for China's ambitions
7 years, 7 months ago

India: A hurdle for China's ambitions

Deccan Chronicle  

China, at present, is way ahead of India and the Western developed countries — which includes the UK, France, Germany, Italy, Spain, Portugal, Belgium and Netherlands sans the United States. First instance could be when China’s state-run daily warned about “third country Army” entering Jammu and Kashmir at Pakistan’s behest. The second boastful babbling came thereafter from no less than …

India: The next global economic powerhouse?
9 years ago

India: The next global economic powerhouse?

Al Jazeera  

We explore how India outpaced China as the world’s fastest-growing economy but still struggles to reach its potential. The world’s largest democracy recorded economic growth at 7.5 percent in the last quarter of 2015, as it surpassed China’s 6.8 percent. Meanwhile, in the past week, India has unveiled a pro-poor budget seeking to win back support for Prime Minister Narendra …

India can still emulate China's export miracle - Panagariya
9 years, 2 months ago

India can still emulate China's export miracle - Panagariya

Firstpost  

NEW DELHI India has every chance of becoming an export powerhouse, Prime Minister Narendra Modi’s top economic adviser told Reuters, despite an ill wind blowing from China that has hurt the ability of Asia’s third-largest economy to compete. Arvind Panagariya, the Columbia University economics professor tapped to run the government’s policy think tank last year, said in an interview he …

India trails China in Asia-Pacific trade, investment flows: U.N.
9 years, 4 months ago

India trails China in Asia-Pacific trade, investment flows: U.N.

The Hindu  

India has a “long way” to go before it matches China’s role in the Asia-Pacific region’s trade and investment flows and the country’s success will depend on its ability to speed up implementation of necessary structural reforms, a United Nations report said. The Asia-Pacific Trade and Investment Report 2015 by the U.N. Economic and Social Commission for Asia and the …

Rattled China unveils Made In China 2025 plan | India TV News
9 years, 10 months ago

Rattled China unveils Made In China 2025 plan | India TV News

India TV News  

Beijing: China unveiled 'Made In China 2025' campaign, a 10-year national plan to enhance its competitiveness in the manufacturing sector to boost economic growth amid India's push to become a global manufacturing hub. The blueprint of the plan designed to transform China from a manufacturing giant into a world manufacturing power was approved by central cabinet headed by Premier Li …

India will compete with China in commerce, trade: Modi | IndiaTV News
9 years, 10 months ago

India will compete with China in commerce, trade: Modi | IndiaTV News

India TV News  

Even as it cooperates with China on the international stage, India will also compete with it in the areas of commerce and trade, Prime Minister Narendra Modi has said. "Given the current economic situation in the world, we are at a stage where we cooperate with China at the international stage but we also compete with China when it comes …

Enter India, exit China
10 years, 1 month ago

Enter India, exit China

Live Mint  

The progress of Asia’s two giants, China and India, can be neatly encapsulated by the imagery used to portray them. For the past three decades, China has reigned as the world’s premier emerging economy; India always plodded behind, stumbling in China’s formidable wake. According to official data released on 9 February, India’s gross domestic product in the last two quarters …

Making ‘Make in India’ happen
10 years, 2 months ago

Making ‘Make in India’ happen

The Hindu  

At this moment, the Prime Minister’s “Make in India” campaign appears to be exactly this — an imaginative marketing campaign. In addition, with China’s competitive advantage in manufacturing eroding, India has the opportunity to take some share of global manufacturing away from China. A simple step of making it easier to do business will make a huge difference to India’s …

Discover Related