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 go by chief economic advisor V Anantha Nageswaran, even in the current fiscal, India’s economic growth has been estimated at 7.58 per cent. If data available with credible agencies like International Monetary Fund and World Bank are anything to go by, then India may be the only large economy that would post GDP growth beyond 7 per cent by 2025.

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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 …

Govt confident of economic rebound despite global challenges, says Piyush Goyal
1 week, 5 days ago

Govt confident of economic rebound despite global challenges, says Piyush Goyal

Live Mint  

New Delhi: Despite global uncertainties owing to supply-chain disturbances following the Red Sea crisis, union commerce and industry minister Piyush Goyal has said he was confident that India's economic growth would be back on track by the end of the fiscal year. Speaking at Times Network’s India Economic Conclave on Thursday, Goyal said, "There was an election in the first …

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 …

India’s GDP growth slows to 5.4% in Q2, below RBI estimate: Govt data
3 weeks, 4 days ago

India’s GDP growth slows to 5.4% in Q2, below RBI estimate: Govt data

Hindustan Times  

NEW DELHI: India’s growth of gross domestic product slowed to a seven-quarter low during July-September quarter of 2024-25, data released by the ministry of statistics and programme implementation showed. India remains the fastest-growing major economy as China’s GDP growth in the July-September quarter this year was 4.6%. The economy expanded 5.4% in the quarter ending September 2024 from a year …

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 Strategic Labyrinth: Navigating the Grey Zone with China
1 month, 3 weeks ago

India's Strategic Labyrinth: Navigating the Grey Zone with China

Hindustan Times  

Following the recent bilateral between Prime Minister Narendra Modi and President Xi Jinping at the Brics Summit, there is speculation about the future of India-China ties. While India's economy is catching up to China's, the two countries face significant differences in terms of military strength, economic influence, and strategic interests. India's strategic challenges include Sino-Pak collusion, grey zone threats, and …

India-China Border Deal: A Long-Overdue Resolution
2 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.

Weighing in on business as usual with China
3 months ago

Weighing in on business as usual with China

The Hindu  

Recent media pieces have speculated on whether India’s fraught relations with China are headed towards a relative thaw and suggestions are being put forward for a more liberal attitude towards foreign direct investment from that country. The economic commentary Despite this national security situation, the Economic Survey 2024 has favoured India plugging itself into China’s supply chains through Chinese investments …

Economic growth of India is better than that of China, says economist
3 months, 1 week ago

Economic growth of India is better than that of China, says economist

The Hindu  

Disputing a popular notion that the economic growth of China was faster than India’s, economist A.P. Though the investment in production activity in India is at the rate of 31.2% of the GDP in the production activity, the ICUR in India is only 4.5% and the growth rate was high at 7%,” Prof Tiwari said. The budding entrepreneurs in the …

India has to change its policy if it wants to attract more Chinese investment: China Daily editorial
3 months, 1 week ago

India has to change its policy if it wants to attract more Chinese investment: China Daily editorial

China Daily  

There have been positive signs of improving China-India economic relations recently, as evidenced by Indian officials talking about easing restrictions on Chinese investment, and New Delhi making moves to expedite visa approvals for Chinese technicians. The seeming softening of attitude by New Delhi toward Chinese investment may have been made out of expediency, as declining foreign investment is likely to …

India has much to do to woo Chinese firms: China Daily editorial
4 months, 3 weeks ago

India has much to do to woo Chinese firms: China Daily editorial

China Daily  

Although the latest call from some Indian finance and industry officials to ease governmental restrictions on Chinese investment in India is a welcome sign, those Indian policymakers still hesitant to adopt that suggestion, citing an overreliance on China, need to know that even if New Delhi reopens its door to Chinese companies, India might not be able to recover the …

India 'not rethinking' on issue of allowing Chinese investment as suggested by Economic survey: Piyush Goyal
4 months, 3 weeks ago

India 'not rethinking' on issue of allowing Chinese investment as suggested by Economic survey: Piyush Goyal

India TV News  

New Delhii: Commerce and Industry Minister Piyush Goyal said on Tuesday that there is no rethinking in the government to support foreign direct investments from China, as was pitched by the Economic Survey recently. India faces two choices to benefit from the 'China plus one strategy' -- it can integrate into China's supply chain or promote FDI from China. China …

Economic Survey on China: ‘Can India fill manufacturing gaps left by Beijing?’
5 months ago

Economic Survey on China: ‘Can India fill manufacturing gaps left by Beijing?’

Hindustan Times  

The Economic Survey stated that considering the dominance of China in global supply chains, it may not be the most “prudent approach” for India to think that it can fill the spaces left vacant by Beijing in manufacturing. It said, “The Chinese domination over the global supply chains across product categories is a key global concern, especially in the wake …

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 to remain fastest-growing major economy
6 months, 1 week ago

India to remain fastest-growing major economy

Deccan Chronicle  

Chennai: India will remain the fastest-growing of the world’s largest economies, although its pace of expansion is expected to moderate, finds the World Bank. While retaining the GDP growth forecast for FY24 and FY25 at 6.6 per cent and 6.7 per cent respectively, the World Bank estimated the country to clock 6.8 per cent growth in FY26. However, investment growth …

India to remain fastest growing Asia-Pacific economy in 2024, predicts Moody's
6 months, 1 week ago

India to remain fastest growing Asia-Pacific economy in 2024, predicts Moody's

India TV News  

Moody's latest Ratings revealed that India is poised to maintain its position as the Asia-Pacific region's top-performing economy in 2024, continuing the robust growth driven by domestic factors seen last year. India to remain fastest growing economy: World Bank Earlier this week, a Work Bank report stated that India will remain the fastest-growing major economy recording a steady growth of …

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, 1 week 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 to be fastest growing economy among G-20 nations in 2024
8 months, 3 weeks ago

India to be fastest growing economy among G-20 nations in 2024

Op India  

India will be the fastest growing economy among the G-20 nations in 2024. In the previous three quarters, India’s economy expanded at 7.8 per cent in Q1, 7.6 per cent in Q2 and 8.4 per cent in Q3. The most recent upgrade came from Goldman Sachs, which has raised India’s 2024 growth projections to 6.6 per cent, a 10 basis …

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, 3 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 …

How India's economy under PM Modi offers 'real alternative' to China?
9 months, 3 weeks ago

How India's economy under PM Modi offers 'real alternative' to China?

India TV News  

New Delhi: While China is reeling under an economic slump bogged down by a property crisis, high youth unemployment and massive local government debt, India's stock market is hitting record highs as the value of companies surpassed $4 trillion in 2023, with strong FDI inflow and investments expected in the future, leading many experts to believe that New Delhi offers …

India’s rival is Vietnam in the game of attracting global manufacturers
10 months, 1 week 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
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 …

Riding high on the growth momentum
11 months, 2 weeks ago

Riding high on the growth momentum

Hindustan Times  

The Indian economy’s growth continues to surprise: The recently released advance estimate of Gross Domestic Product by the National Statistical Office showed that the economy will grow 7.3% in the current fiscal year 2023-24, slightly higher than last year’s 7.2% increase. India’s growth rate has kept a 7% handle for the last two years, but the world’s GDP growth has …

India makes it to $4 trillion economy club
1 year, 1 month ago

India makes it to $4 trillion economy club

Deccan Chronicle  

New Delhi: Achieving a historic milestone, India's economy on Sunday crossed the $4 trillion mark in its gross domestic product in nominal terms for the first time ever, several media reports said, citing a purported screenshot of a live GDP tracker of all economies based on the IMF data. After the report surfaced in the media circle, BJP leaders, ministers …

India to surpass Japan to become second largest economy in Asia by 2030, says S&P Global
1 year, 2 months ago

India to surpass Japan to become second largest economy in Asia by 2030, says S&P Global

India TV News  

Indian economy: India, the world's fifth largest economy in the world, is likely to overtake Japan to become the world's third-largest economy with a GDP of USD 7.3 trillion by 2030, S&P Global Market Intelligence said in its latest issue of PMI. The acceleration of foreign direct investment inflows into India over the past decade reflects the favourable long-term growth …

How India is diversifying its economic partnerships to reduce a $60 billion trade deficit with China
1 year, 2 months ago

How India is diversifying its economic partnerships to reduce a $60 billion trade deficit with China

Firstpost  

By diversifying economic partnerships and fostering ties with like-minded nations, India aims to establish itself as a linchpin of stability and growth, contributing to a more balanced and multipolar world order India’s strategic pivot towards forging stronger economic alliances with nations like Korea, Japan, Europe, and the United States is emblematic of its response to evolving geopolitical dynamics. This shift …

DC Edit | Will festivals, elections lead to India's dream growth run?
1 year, 3 months ago

DC Edit | Will festivals, elections lead to India's dream growth run?

Deccan Chronicle  

Once in every generation – which is roughly 30 or 40 years – the world finds itself on the cusp of a major change – spreading across domains of technology, geopolitics, as well as economics. In the last eight months, foreign investors pumped in $16.5 billion in the Indian stock markets – the largest such investment in Asian equities. In …

An uneven rebound: The Hindu Editorial on the economy
1 year, 3 months ago

An uneven rebound: The Hindu Editorial on the economy

The Hindu  

India’s economy, as measured by the Gross Domestic Product as well as the Gross Value Added, grew 7.8% in the first quarter of the year. But the months ahead could prove to be more challenging with global headwinds that have hit goods exports and manufacturing already, combining with domestic pressures from the renewed spurt in inflation and the likelihood of …

India shows an impressive 7.8% economic growth in April-June quarter
1 year, 3 months ago

India shows an impressive 7.8% economic growth in April-June quarter

Associated Press  

NEW DELHI — India’s economy registered impressive growth of 7.8% in the first quarter of the current financial year, attributed to good performance by the agriculture and financial sectors, according to official data released on Thursday. India’s agriculture sector recorded growth of 3.5% in three months, up from 2.4% in the April-June quarter last year, according to the data released …

Why China Is So Desperate To Put India In Its Place - News18
1 year, 4 months ago

Why China Is So Desperate To Put India In Its Place - News18

News 18  

For decades, China regarded India as a geopolitical upstart, to be taught the occasional military and diplomatic lesson to keep it in its proper place. Indo-Asian News Service reported on August 7, 2008: “India’s ruling Congress and the Communist Party of China on Thursday signed a pact to put in place a mechanism that would help regular high-level exchanges between …

Head-on | Why China secretly fears India’s rise
1 year, 4 months ago

Head-on | Why China secretly fears India’s rise

Firstpost  

China’s oft-stated ambition is to be the world’s leading superpower by 2049, the centenary of the CCP’s founding. Indo-Asian News Service reported on 7 August, 2008: “India’s ruling Congress and the Communist Party of China on Thursday signed a pact to put in place a mechanism that would help regular high-level exchanges between them, soon after party chief Sonia Gandhi …

’India is arguably at the start of a long wave boom,’ says Morgan Stanley
1 year, 4 months ago

’India is arguably at the start of a long wave boom,’ says Morgan Stanley

Live Mint  

Global brokerage Morgan Stanley has upgraded India to overweight rating. The brokerage in its report said that India has advanced from sixth to first place in its process, with relative valuations less severe than in October, and as foreign direct investment and portfolio flows are being supported by multipolar world trends, India is adding a reform and macro-stability agenda that …

India's GDP grows at 6.1 per cent in January-March 2023: Government data | DETAILS
1 year, 6 months ago

India's GDP grows at 6.1 per cent in January-March 2023: Government data | DETAILS

India TV News  

India's GDP Growth: National Statistical Office on Wednesday released data mentioning that India's economy grew 6.1 percent in the fourth quarter of 2022-23. According to data released by the National Statistical Office, the Gross Domestic Product had expanded by 4 percent in the January-March period of 2021-22. The economy expanded 7.2 per cent in 2022-23 against a 9.1 per cent …

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, …

India to pass China this week as world’s most populous nation: UN
1 year, 7 months ago

India to pass China this week as world’s most populous nation: UN

Al Jazeera  

India’s population is expected to match China’s by the end of April and then surpass it, the UN says. “By the end of this month, India’s population is expected to reach 1,425,775,850 people, matching and then surpassing the population of mainland China,” the UN Department of Economic and Social Affairs said in a statement on Monday. Last week, the UN’s …

India behind China on GDP, unemployment and inflation: Kapil Sibal
1 year, 8 months ago

India behind China on GDP, unemployment and inflation: Kapil Sibal

Live Mint  

With India set to become the world's most populous nation, Rajya Sabha MP Kapil Sibal on Thursday urged people to look at parameters such as GDP, unemployment and annual inflation as he pointed out that India was lagging behind its neighbour China on those counts. Sibal, a former human resource development minister who often takes digs at the government, put …

‘Very strong economy’, IMF on India’s growth trajectory
1 year, 8 months ago

‘Very strong economy’, IMF on India’s growth trajectory

Live Mint  

International Monetary Fund division chief Daniel Leigh on Tuesday reposed faith in the Indian economy and said that it is a "very strong economy." The statement has come at a time when the IMF has lowered its projection growth for India during 2023-24 to 5.9 per cent from 6.1 per cent earlier. Then we go up to 6.3 next year …

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 …

OPINION: Chinese Economy Facing Structural Deceleration, India Enjoying Demographic Dividend
1 year, 9 months ago

OPINION: Chinese Economy Facing Structural Deceleration, India Enjoying Demographic Dividend

ABP News  

Against the backdrop of the recent reopening after three years of zero-Covid policies, the Chinese government, in the last government report of Prime Minister Li Keqiang before retiring, has underwhelmed observers with a growth target of around 5% in 2023, lower than that of last year and clearly lower than expected GDP growth for India in 2023. OPINION: India-Canada Ties …

Data | From 5% to 15%, China’s share in India’s imports tripled in last two decades
1 year, 10 months ago

Data | From 5% to 15%, China’s share in India’s imports tripled in last two decades

The Hindu  

In 2022, India’s imports from China touched a record high, while exports to China fell to a five-year low. Its share in total exports has decreased from about 7% in 2020 to 3.4% in 2022, a level last seen in 2016 Most exported items The chart shows the 20 most exported goods by India to China in the past three …

India surpasses China to become world’s most populous country
1 year, 11 months ago

India surpasses China to become world’s most populous country

Live Mint  

In a significant development, India may have already surpassed China as the world's most populous country. According to WPR, India's population increased to 142.3 crore people as of January 18. The largest programme of its kind in the world, free food rations are still used by around 80 crore people in India, despite the country's relatively good recovery from the …

Premature to Think India Will Replace China in Influencing Global Economic Growth: Rajan
1 year, 11 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
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 …

In the new evolving world, India needs a new vision
1 year, 11 months ago

In the new evolving world, India needs a new vision

The Hindu  

The year 2022 can perhaps be best summarised by a quote by Vladimir Lenin: ‘There are decades where nothing happens; and there are weeks where decades happen.’ The year began with the ostensible vanquishing of the COVID-19 pandemic, thanks to the remarkable collective vaccination efforts of science, business and governments across the world. Editorial | Clarity and confusion: On Rahul …

India's GDP growth slips to 6.3 pc in Q2, but remains fastest-growing major economy
2 years ago

India's GDP growth slips to 6.3 pc in Q2, but remains fastest-growing major economy

India TV News  

India GDP: India's economic growth slowed down to 6.3 per cent in the July-September quarter of this fiscal, dragged down mainly by the poor performance of manufacturing and mining sectors, official data showed on Wednesday. The second quarter GDP growth is almost at par with the RBI's projection of 6.1 per cent to 6.3 per cent released earlier this month …

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