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Economy => Economics => Topic started by: DrBeer on November 08, 2023, 05:40:26 PM



Title: India is the new economic leader of global south. And replacement for China?...
Post by: DrBeer on November 08, 2023, 05:40:26 PM
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" ?


Title: Re: India is the new economic leader of global south. And replacement for China?...
Post by: jrrsparkles on November 08, 2023, 05:59:22 PM
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.


Title: Re: India is the new economic leader of global south. And replacement for China?...
Post by: avikz on November 08, 2023, 06:05:02 PM
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" ?


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.


Title: Re: India is the new economic leader of global south. And replacement for China?...
Post by: HeRetiK on November 08, 2023, 08:45:49 PM
I don't quite see India on it's way to replacing China as the West's new manufacturing powerhouse yet. For now it seems more like a matter of companies hedging their bets, given the fragility of the supply chain that was unveiled by Covid and China's labour cost slowly catching up.

Still, India seems in a far better position then just a decade ago. Give it a few more years and we'll see who comes out on top.


Title: Re: India is the new economic leader of global south. And replacement for China?...
Post by: Spaceman1000$ on November 08, 2023, 09:38:22 PM
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" ?

I don't think I will entirely agree with your assertion about India being the leader of global south especially when it comes to economy and other innovations. Statistically China has all the potentials of a world power both economically and social political. Population wise, India can say they are pursuing china but when it comes to other innovations, they cannot stand toe to toe with china.


Title: Re: India is the new economic leader of global south. And replacement for China?...
Post by: DrBeer on November 08, 2023, 10:24:04 PM
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.

It would be silly of me to insist that it's a matter of a year or two, I agree. But, uh. And China has been on its way to that status for decades. And it's all been sustained by Western investment, direct and indirect. Today China, as it seems to me, is overestimating its current status, and has begun to behave... how can I put it softer, let's say "arrogant" and consider itself a necessary part of the world economy, a part for which there is no substitute and will not be. at the same time, I see the main problem of China in its internal "restructuring" focused on the usurpation of the economy by the state, which destroys the free, competitive economic model, and will lead to stagnation of private business in the country. And it is India that can take advantage of this, and with the help of Western investors, pull a significant part of what China gave to the world market. But yes, it's going to take more than one year. Probably a period of 5 to 10 years or more.


Title: Re: India is the new economic leader of global south. And replacement for China?...
Post by: famososMuertos on November 08, 2023, 10:25:44 PM
India has always been an eternal "prospect" and will not stop being so, but China is in simple terms the undisputed leader of that area (second overall, GDP) despite the sensations that post-Covid and some other political and economic nuances leave us. As mentioned, in today's reality, these sensations are erased with official numbers, currently the Indian economy has a rebound of 6.8%, (https://datosmacro.expansion.com/pib#gdpa) but post Covid all economies reflect positive values and it is merely reasonable.



Title: Re: India is the new economic leader of global south. And replacement for China?...
Post by: dothebeats on November 08, 2023, 11:00:43 PM
It will take a while before India replaces China in terms of mass production and exports. The country is rich in manpower and a lot of countries and huge companies are supporting the country in a lot of ways (albeit the CCP being hostile and bully to other countries, lol). Whereas in India, they may be excelling in terms of technology and outsourcing, but they just can't match the sheer volume of how China manufactures things. They will always be the second best behind China, and that's an unfortunate fact for decades to come unless other nations decide to invest on India's infrastructure.


Title: Re: India is the new economic leader of global south. And replacement for China?...
Post by: Darker45 on November 09, 2023, 12:04:00 AM
Not yet at least. But the general direction is probably going there. With China's labor cost going up higher and India becoming one of the main options for companies exiting China, the potential is there. Not to mention that India is already an industrialized country, its people very able to cater the needs of a globalized world with its English proficiency, its socio-political environment much healthier, and so on.

It doesn't help that China's economy is imploding and its huge real-estate market seems to be in a state of crisis. Problems are rising in the red country.


Title: Re: India is the new economic leader of global south. And replacement for China?...
Post by: bluebit25 on November 09, 2023, 04:26:46 AM
(...)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" ?
Even though I love the people and culture of this country very much, I don't think they can compete with China. Although the development potential is huge, as they have human resources, resources, and intelligence from the people here... but it is not enough for them to compete economically with China.

Some things that I am not sure are completely true, as disagreements within India's religious culture in maintaining caste discrimination will be a big challenge for them to rise to outstanding positions. , typically the gap between rich and poor in this country, and urban planning issues. I really hope to travel to India soon, to be able to experience and feel the reality of their lives, from the pictures that my friends shared before, some things that I admire are that they have a very impressive history, but the economic issue is not praised much, but it is easy to admit that they are developing very quickly.


Title: Re: India is the new economic leader of global south. And replacement for China?...
Post by: pooya87 on November 09, 2023, 05:11:04 AM
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.


Title: Re: India is the new economic leader of global south. And replacement for China?...
Post by: Strongkored on November 09, 2023, 08:09:50 AM
The predictions are like that but it still takes quite a long time to achieve what was predicted for more than half a century and of course, it will actually happen if India can make changes in terms of bureaucracy and other things that are really needed to support the country becoming a new economic power in the world.
India has an advantage in population, unlike some developed countries which are starting to experience problems because their population is starting to decline like Japan and several other European countries, if India can maximize this then it will be easier for them to become economic leaders in the south first and if they can innovate more compared to China, it was only after that that it was able to emerge as a leader in terms of the world economy.


Title: Re: India is the new economic leader of global south. And replacement for China?...
Post by: Renampun on November 09, 2023, 10:58:56 AM
...

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" ?

To be honest, I rarely follow the development of the Indian economy, but from some data that I have noticed, currently India has the largest population in the world, apart from being the largest, they also have other advantages such as citizens of high productive age - low wages - high job competition. so that many people will work properly there - low production costs - quite good relations with many countries except China - many people who have technological skills come from India, resources like this really make India full of potential become one of the countries with the strongest economy in the world in the future, they will definitely be able to do that if only their leaders are consistent and their political currents are good enough.


Title: Re: India is the new economic leader of global south. And replacement for China?...
Post by: Yamane_Keto on November 09, 2023, 11:47:01 AM
To be the "factory of the world", there are basic conditions that must be met in terms of infrastructure, electricity, legal legislation, taxes, trained and cheap workers, and the ease of starting a business, all of which are things that China excels at. However, India is making rapid mistakes. From a country that does not have electricity to a country that exports electricity, and from a country that transactions are paper-based and corruption is at a high rate for a country with high governance, but they still need trained workers and to persuade companies to enter the market. Therefore, within 10 to twenty years, India will be one company if it continues with the current steps.


Title: Re: India is the new economic leader of global south. And replacement for China?...
Post by: davis196 on November 09, 2023, 12:04:12 PM
1.I don't see China openly surrendering any positions. Maybe you could elaborate more on where do you see China surrendering their economical and political positions. China has some internal problems with big debts and a real estate bubble, but their economic growth will continue to be one of the highest in the world.
2.Can't you just compare the GDPs of India and China. India is far behind China and it won't become an economic leader anytime soon.
China has natural resources like rare minerals. I don't know about India having any natural resources. 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.


Title: Re: India is the new economic leader of global south. And replacement for China?...
Post by: DrBeer on November 09, 2023, 02:00:17 PM
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.

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


Title: Re: India is the new economic leader of global south. And replacement for China?...
Post by: YOSHIE on November 09, 2023, 02:25:55 PM
India is the new leader of the global south .... And a replacement for China ?
It takes a long time to compete in economic terms between India and China, that is if you talk about the economy, but if you talk about population, maybe there could be a change in India and China, in terms of birth rate maybe India is increasing compared to China, but it's not about the economy that's far away.

As I saw in one source today (09/11/23), which stated.
Quote
China has the second largest economy in the world, almost five times larger than fifth-ranked India.

With a relatively small middle class, India needs major investments in education, quality of life, gender equality and economic reform to achieve a “China model” boom.



For me a suitable title for this topic is:
Quote
Can India beat China as a global superpower?

Or other title.
Quote
“India will overtake China,” the Stanford University dean and lecturer told the BBC. “China's economy will slow down, while India's will not.”

Not this one.
India is the new economic leader of global south. And replacement for China?..

India's long process can surpass and surpass China.


Title: Re: India is the new economic leader of global south. And replacement for China?...
Post by: DrBeer on November 09, 2023, 03:01:13 PM
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.

The West does not see the economic growth of ADEQUATE countries as a threat. Chinese economic growth is about game breaking, technology theft, manipulation and government interference in business. Plus support for dubious regimes (Iran, North Korea, Russia,...). So there is no need to hide all factors here and give away just one :) It is this set of "factors" that was the trigger for the imposition of certain restrictions on China by the western world.
And it seems to have had an effect, because China understands perfectly well that without the Western market, without Western technologies, and without dollars, it will slip back into the past, plus it will have a huge number of embittered, deprived of freedoms local population. It is precisely because of the absence of such problems and prospects that India looks much more attractive to the world economy. And the country itself deserves the right to become a more significant player!


Title: Re: India is the new economic leader of global south. And replacement for China?...
Post by: HONDACD125 on November 09, 2023, 04:21:43 PM
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" ?


The political stability of any country has a profound impact on its economy and India has been very fortunate in this regard. I think India is seeing a lot of growth, especially in the IT sector. You can judge the quality of education from the fact that you will often find Indians at the head of large international companies in the world.

India is also experiencing industrial growth and new businesses are being started. India is growing a lot in mobile companies and car manufacturing companies , it is also growing in technology. Recently, India had a successful experience in launching a space mission to the moon, Which shows that he is making progress. It is possible that India will replace China in the next few years and has the potential to challenge a big economy like China.


Title: Re: India is the new economic leader of global south. And replacement for China?...
Post by: avikz on November 09, 2023, 06:37:44 PM
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.

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

I do agree with you. India has the possibility to become a financial super power. But the political system and the bureaucracy is slowing us down. A lot of things need to be sorted but we are on the right track. Things are improving, slowly but surely.

If the current government stays in power for next couple of years, I personally won't be surprised if India becomes an economy of  5 trillion dollars. We are on the right track.


Title: Re: India is the new economic leader of global south. And replacement for China?...
Post by: Sunderland on November 09, 2023, 06:50:18 PM
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.

I agree to someone above who said it will need decades to overthrown China as the most powerful economic country in Asia.
China gov can control everything because of their ideology but not with India.

India might be able to surpass China after the India gov able to slow down the population growth, eliminate the massive corruption, build more factories, provide a better education system and health care system including basic sanitation, reduce the pollution and many more.


Title: Re: India is the new economic leader of global south. And replacement for China?...
Post by: stompix on November 09, 2023, 07:10:27 PM
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.

If everything is made in China, then what the hell are all these other figures about?
https://www.talkimg.com/images/2023/11/09/tiwQa.png

It's like the Huawey phone, made in China with a CPU from Taiwan, memory and display from South Korea and Japan, lenses from Germany, and sensors from France, not to mention the materials not even 10% coming directly from China.
Nearly all the things in my kitchen are from Germany and Poland (maybe Hungary), the majority of clothes that are foreign come from Bangladesh India and Egypt, all cosmetics are also European, furniture is either from Osterreich or Sweden or even Romania, the whole China is manufacturing everything is a myth, if that would be the case what would all those 70 million in EU and 80 million in US do in manufacturing? Mint ordinals?

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.

The actual advantage India has is that it hasn't pissed off every single of its neighbors and it's not nearly at war with every single country in east asia over this. While India has a beef with Pakistan, China has one with India, Japan, South Korea, Vietnam, the Philipines, Malaysia, and not to mention Taiwan.
China grew perfectly and received investments when it wasn't trying to be a complete bully, now that the mask is off, it is the investment and there goes the manufacturing and trading.


 



Title: Re: India is the new economic leader of global south. And replacement for China?...
Post by: topbitcoin on November 10, 2023, 09:30:22 AM
India has that opportunity, but whether India will succeed in overtaking China's position at this time ... we'll see the development, because of course China will also not be idle when its position is being threatened.
With economic growth of more than 7%, which is not only the country with the highest economic growth in the Asian region, but India is also the country with the highest economic growth in the world. So it is not surprising that India is predicted as the new economic leader in the southern region.

However, with all the new problems that continue to threaten the Indian economy, the facts show that the involvement of Indian people in the workforce has only reached less than 50%. It is true that over time, the workforce will continue to increase, but of course this will take quite a long time decades. And when compared with China, China is far superior in terms of workforce.

It is possible that India could become the new economic leader in the southern region, if the country can quickly overcome the quality of education and health services in the country. So that India can immediately produce good quality and qualified Human Resources, who are able to compete in the national and international arena. And with this, the involvement of Indians in the labor force will increase immediately.


Title: Re: India is the new economic leader of global south. And replacement for China?...
Post by: kryptqnick on November 10, 2023, 12:24:22 PM
India is the world's 5th economy, but it's nearly 6 times smaller than China in terms of GDP. The Global South needs investments, and India can surely offer some of that, but nowhere near what China can offer, simply because the Chinese economy is so much bigger.
That being said, India is gaining more influence, and it's possible that China's becoming less interested (https://www.nytimes.com/2023/09/12/world/asia/india-china-global-south.html) in the Global South right now, which helps India's cause. It is also obviously a better option for the Western world, considering that India is troubled, but a democracy, whereas China is a very authoritarian regime.
If anything, I think India has a better chance of exercising political influence in that region, than economic influence, when it comes to rivalry with China.


Title: Re: India is the new economic leader of global south. And replacement for China?...
Post by: el kaka22 on November 10, 2023, 05:22:50 PM
China has used their power for evil, and that made people stop using them all together, I think that has to be one of the most important things. I cannot guarantee which other nation will get power from this, but if used their cards right, nations could get the manufacturing done in China to be moving to their nation, and at first it may not be all that awesome, remember "made in china" used to mean shitty products, all the things they did were easily broken and terrible products, nowadays everything is made there, any new nation could still make bad stuff, and yet they could improve with time and do better.

I believe that we are going to see some other nation get very rich off China's decision to be evil towards others.


Title: Re: India is the new economic leader of global south. And replacement for China?...
Post by: DrBeer on November 11, 2023, 03:37:23 PM
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.

I agree to someone above who said it will need decades to overthrown China as the most powerful economic country in Asia.
China gov can control everything because of their ideology but not with India.

India might be able to surpass China after the India gov able to slow down the population growth, eliminate the massive corruption, build more factories, provide a better education system and health care system including basic sanitation, reduce the pollution and many more.

Done is not synonymous with SOLD.
That's why the Chinese economy is export-dependent. And if the west stops buying its mass product, what can we talk about ? And this is exactly what is happening now - exports are falling, the largest capital outflow is taking place, western markets are turning away from Chinese products. And that's just the beginning of the problems.
I think the polite visit of China's ruler to the US is planned for a reason. And there will be discussed not only China's participation in supporting (and what level, it is also interesting) dubious regimes and dubious "HYIPs", but also the issue of saving the Chinese economy. BUT, I don't think China will be able to quickly and fully regain the West's favor....

Regarding "total control" - you probably mean totalitarianism in the new vector of China's development ? Yes, that's what it is - the state is "subjugating" private business and private companies. But it is not equal to getting a quality industry. Chinese businessmen and workers used to be motivated to earn more, and they succeeded. This is where one of the "trump cards" of the global factory - low labor costs - collapses. Nowadays, you can't make a Chinese person work for a penny.... now they will be forced either by ideology or by pressure... But remember the saying, "Slaves never work efficiently."



India is the world's 5th economy, but it's nearly 6 times smaller than China in terms of GDP. The Global South needs investments, and India can surely offer some of that, but nowhere near what China can offer, simply because the Chinese economy is so much bigger.
That being said, India is gaining more influence, and it's possible that China's becoming less interested (https://www.nytimes.com/2023/09/12/world/asia/india-china-global-south.html) in the Global South right now, which helps India's cause. It is also obviously a better option for the Western world, considering that India is troubled, but a democracy, whereas China is a very authoritarian regime.
If anything, I think India has a better chance of exercising political influence in that region, than economic influence, when it comes to rivalry with China.

Let me remind you again - China's economy hinges on Western investment, the Western consumer market, and Western technology. This is now a thing of the past. China has not been able to take BRICS under itself, nor has it been able to find donors for its economy. That is why China has a problem - no matter how much it produces, if there is no buyer, there is no profit. And a billion people have to be maintained, especially if they go on totalitarian rails.



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" ?


The political stability of any country has a profound impact on its economy and India has been very fortunate in this regard. I think India is seeing a lot of growth, especially in the IT sector. You can judge the quality of education from the fact that you will often find Indians at the head of large international companies in the world.

India is also experiencing industrial growth and new businesses are being started. India is growing a lot in mobile companies and car manufacturing companies , it is also growing in technology. Recently, India had a successful experience in launching a space mission to the moon, Which shows that he is making progress. It is possible that India will replace China in the next few years and has the potential to challenge a big economy like China.

One of the key advantages of India is that a change of government or a change of elites does not have a strong negative impact on private business and economic development. What China can't boast of. As I already said, the new vector of domestic policy is authoritarianism and a “strong hand,” which negatively affects the development of private entrepreneurship and the free development of the market. China has already begun to strictly control and interfere in the affairs of private business, which negatively affects its domestic and foreign economy. And it’s difficult to call the prospects good. This is why India gets an additional “trump card” to compete with China


Title: Re: India is the new economic leader of global south. And replacement for China?...
Post by: Kelward on November 12, 2023, 03:11:55 PM
Not yet at least. But the general direction is probably going there. With China's labor cost going up higher and India becoming one of the main options for companies exiting China, the potential is there. Not to mention that India is already an industrialized country, its people very able to cater the needs of a globalized world with its English proficiency, its socio-political environment much healthier, and so on.

It doesn't help that China's economy is imploding and its huge real-estate market seems to be in a state of crisis. Problems are rising in the red country.

I believe that the OP must come from India, and I admire his patriotism and zeal that his country is next in line to take over from China, in the quest for leadership of the global south. That will be difficult because China, as we know is a global world power in terms of it's industrialization, and there impact is felt everywhere in the world.

 Believe me that over 90% of what we use in Africa, are imported from china, and I have the believe that it will be so in other continents. So for India, to rival and eventually overtake them is not impossible, but it might take a very very long time.

You know how the saying goes " he who pays the Piper detects the tune". So if western powers shifts their industrial focus from China, to India, won't they have upper hand in the control of India's economy?


Title: Re: India is the new economic leader of global south. And replacement for China?...
Post by: Juse14 on November 12, 2023, 05:25:33 PM
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.

Starting from electronic goods to household furniture around me, almost everything is made in China. China has succeeded in capturing and dominating the lower middle class market, because China has succeeded in reducing product prices to the lowest level. So the product is very popular with the lower middle class segment of society. As for the product quality, it is in accordance with the price given.

One thing I applaud from China is that apart from being able to control the market, China is also able to implement an understanding so that its people love local products more than foreign products. So that this is able to encourage China's economy and products to be even more superior, not only abroad, but also within the country. And things like this are very rarely found in various countries, because most people are generally prouder of using foreign products, rather than local products made domestically.
China's economy is already strong, both abroad and within the country, so to shift China's position at this time, it seems impossible.


Title: Re: India is the new economic leader of global south. And replacement for China?...
Post by: ChiBitCTy on November 12, 2023, 06:28:16 PM
One thing I know for certain is that I don’t trust the economic data that comes out of China. China constantly lies about their economic production, among all sorts of other economic numbers, and I simply don’t trust anything that comes out of that nation. They’ve had an economic issue with “ghost cities” for well over a decade now which is majorly hurting their economy and it’s something that aren’t super open about. I could definitely see India taking over in the east.


Title: Re: India is the new economic leader of global south. And replacement for China?...
Post by: BIT-BENDER on November 12, 2023, 06:46:46 PM

If the current government stays in power for next couple of years, I personally won't be surprised if India becomes an economy of  5 trillion dollars. We are on the right track.
With the amount of human resources India has at it disposal I think yes they are meant to have a solid economy, although years of corrupt leaders and how they have put India in bad shape, I think what's happening in India now is a recovery phase, the sitting government has been amazing and if inconstancy is in play India would be a big force in the global economy but not to match china, just like India china has great human resources and they have been on the right track for a very long time, China is constantly improving and I see them being an ultimate power nation ahead of USA.


Title: Re: India is the new economic leader of global south. And replacement for China?...
Post by: Gozie51 on November 12, 2023, 07:33:51 PM
One thing I know for certain is that I don’t trust the economic data that comes out of China. China constantly lies about their economic production, among all sorts of other economic numbers, and I simply don’t trust anything that comes out of that nation. They’ve had an economic issue with “ghost cities” for well over a decade now which is majorly hurting their economy and it’s something that aren’t super open about. I could definitely see India taking over in the east.

Moreover they are being associated with substandard products and it has flooded the market making people to spend more in multiple buy because such products that are substandard get spoilt or condemned as quick as possible making customers not to get optimal utility.

However, China is not an emerging economy like india, they have grown their economy somehow whether we agree or not or whether they falsify their economic records. They are still larger than the India economy which is still emerging with potential to also be classified as top economies of the world.


Title: Re: India is the new economic leader of global south. And replacement for China?...
Post by: DrBeer on November 13, 2023, 08:47:20 AM
https://bitcointalk.org/index.php?topic=5473385.new#new

Not yet at least. But the general direction is probably going there. With China's labor cost going up higher and India becoming one of the main options for companies exiting China, the potential is there. Not to mention that India is already an industrialized country, its people very able to cater the needs of a globalized world with its English proficiency, its socio-political environment much healthier, and so on.

It doesn't help that China's economy is imploding and its huge real-estate market seems to be in a state of crisis. Problems are rising in the red country.

I believe that the OP must come from India, and I admire his patriotism and zeal that his country is next in line to take over from China, in the quest for leadership of the global south. That will be difficult because China, as we know is a global world power in terms of it's industrialization, and there impact is felt everywhere in the world.

 Believe me that over 90% of what we use in Africa, are imported from china, and I have the believe that it will be so in other continents. So for India, to rival and eventually overtake them is not impossible, but it might take a very very long time.

You know how the saying goes " he who pays the Piper detects the tune". So if western powers shifts their industrial focus from China, to India, won't they have upper hand in the control of India's economy?

1. China is still the largest producer of EVERYTHING. But nothing lasts forever under the moon. History remembers examples of the fall of empires, and what to say about economies, especially those that do not want to play by the rules? I think the path the Chinese government has chosen now is a path to degradation, and many indicators already confirm it. From falling exports, to capital outflow and almost zero investment attractiveness. And for an export-oriented economy this is like a verdict....
2 Regarding "enslavement of the economy" - no one has enslaved the economy in China. Moreover, India is quite an intelligent and pragmatic country aimed at mutually beneficial cooperation, not at "surrendering territories". Do not underestimate India !
Well, and the second argument - investors need to make a profit, or reduce costs, but not to support workers, cities and regions. The period of seizures in the civilized world is long over ...


Title: Re: India is the new economic leader of global south. And replacement for China?...
Post by: Mauser on November 13, 2023, 07:50:32 PM

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 definitely has a lot of potential to become a strong country in the future, they have the highest population in the world and geographical good position between the west and the east. USA would like for India to become the counterweight against China in Asia. The decoupling by western countries of China is bringing a lot benefits for India. The real question is if this is going to be enough to overtake China in the long run. Personally I am a bit sceptical because India has a lot of problems of their own. Especially the rivalry with Pakistan, another high population country, is going to generate a lot of tension in the future. China's rivals are all very small except for USA and they can use more financial leverage to get their ways. In my opinion India is going to show high growth rates in the future, but it's not going to be high enough to overtake China. Western countries have too many own problems to afford building up India completely.


Title: Re: India is the new economic leader of global south. And replacement for China?...
Post by: DrBeer on November 13, 2023, 10:17:25 PM
One thing I know for certain is that I don’t trust the economic data that comes out of China. China constantly lies about their economic production, among all sorts of other economic numbers, and I simply don’t trust anything that comes out of that nation. They’ve had an economic issue with “ghost cities” for well over a decade now which is majorly hurting their economy and it’s something that aren’t super open about. I could definitely see India taking over in the east.

Lying is one of the key tools of totalitarian regimes. And those who have "feet of clay" but want to appear to everyone as a "powerful player". Similarly with China - for example, China never (except for one case, and then there are questions), hides its gold and foreign currency reserves, publishes economic indicators that cannot be verified.... Let me be clear - "everybody lies". :) But China (in terms of economy and indicators) does it systematically, does it everywhere and does it in everything.
This is one of the factors that has also turned western investors and western companies away from investing in China. But the west needs convenient, profitable sites for mass production. Considering the scale of production - it should be a fairly large country, both in terms of area and population, with well-developed infrastructure and industry, with a convenient location for logistics, with a large part of the population with not very high income demands, but at the same time understanding what is production discipline and having a desire to work, stable policy and adequate legislation for investors, guarantees of inviolability of private business, etc.. Perhaps some indicators will be a bit offensive, but the reality is so. Question - does anyone have options other than India ?   


Title: Re: India is the new economic leader of global south. And replacement for China?...
Post by: poodle63 on November 14, 2023, 01:40:49 AM
One thing I know for certain is that I don’t trust the economic data that comes out of China. China constantly lies about their economic production, among all sorts of other economic numbers, and I simply don’t trust anything that comes out of that nation. They’ve had an economic issue with “ghost cities” for well over a decade now which is majorly hurting their economy and it’s something that aren’t super open about. I could definitely see India taking over in the east.
india needs to up their infrastructure and they'll thrive, so many big companies looking for country for their product manufacturing but many deemed insufficient with the lack of human resources and also good infrastructure for shipping, etc.
if india could pull that off, then they could get many company from around the globe to flock onto their manufacturing. Right now india already have apple manufacturing their products in India and thats already good enough.
right now for the many manufacturing company that trying to "change" south east asia and india is the place that they'd invest other than china.
hopefully many other countries that was not economically blooming, could bloom with this economic war, taking advantage of the needs of manufacturing.


Title: Re: India is the new economic leader of global south. And replacement for China?...
Post by: Sebas.tian on November 14, 2023, 03:17:48 AM
Quote from: jrrsparkles
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.

China are improving in the aspect of production, which many countries of the world has confirmed it that China are potential in the area of economy growth compared to India that are still struggles to improve their economy based on the pandemic that collapsed their economy few years ago to caused high inflation in their land. Since China leaders and citizens came together to fight corruption that has been disturbing their economy growth over years, and Many things they where using be imported from India, because India where make a huge amount of money from those things they where imported to china until China leaders begin to work for the favour of their country by sending some people to other countries of the world to learn so many things that will bring progress to their land. If you look at the developed countries in the world today, China are among them because they have planted so many things that is generating incomes to their country today.


Title: Re: India is the new economic leader of global south. And replacement for China?...
Post by: icalical on November 14, 2023, 08:43:15 AM
Well, I think in the South part of Asia India has been an economic leader for a while now, their huge population was really a good lift for their economy, but not only that India has demographic bonus, but their government also make good improvement in their industry, and research and tech. The only think that lacks is the well-being of Indian people, their live quality is barely improving because the fierce competition, but if the economic projection and improvement keep in this track it will eventually improved.

However, I don't think they could replace China, China's development is more rapid than India, and don't forget about Korea, I think India need to beat Korea first before they try to replace China.


Title: Re: India is the new economic leader of global south. And replacement for China?...
Post by: DrBeer on November 14, 2023, 10:15:00 AM

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 definitely has a lot of potential to become a strong country in the future, they have the highest population in the world and geographical good position between the west and the east. USA would like for India to become the counterweight against China in Asia. The decoupling by western countries of China is bringing a lot benefits for India. The real question is if this is going to be enough to overtake China in the long run. Personally I am a bit sceptical because India has a lot of problems of their own. Especially the rivalry with Pakistan, another high population country, is going to generate a lot of tension in the future. China's rivals are all very small except for USA and they can use more financial leverage to get their ways. In my opinion India is going to show high growth rates in the future, but it's not going to be high enough to overtake China. Western countries have too many own problems to afford building up India completely.

A few basic talking points about China:
- It's a "colossus on clay feet." On legs - held up by EXPORT.
- China is built either on Western technology or on stolen Western technology
- China is built on Western investment and fundraising
- China has changed its vector from communist-capitalist to communist-totalitarian, with elements of opposition to the developed, progressive west.

I.e. a set of listed symptoms, which speaks of a severe and systemic disease of the economy.
And "the holy place is never empty" ! And India, deprived of the above-mentioned problems of China, if desired, will replace China!
Yes, India is not an ideal country (which does not exist, except in fairy tales), yes, there are problems. But India has potential and chooses the path of development rather than degradation ! And this is the way of mutually beneficial building not only economic but also political ties and processes. The West needs an adequate partner within the framework of the "Global South", which will control order there, cost favorable relations, and will guarantee order in the region. Therefore, I do not see any obstacles for India to replace the declining, in all respects, China!


Title: Re: India is the new economic leader of global south. And replacement for China?...
Post by: Sithara007 on November 14, 2023, 10:23:18 AM
The advantage with India is that wages are quite low when compared to China. But at the same time, the taxes are quite high, regulations are complicated and productivity of staff is low. Factory workers in India are usually paid around $300 per month if they are on company roll. But a lot of corporations hire contract workers, who are paid only around half of this amount ($150 per month). On the other hand, in China factory workers are being paid around $900 per month or higher. The difference is huge and this attracts a lot of manufacturers to India. But the situation can change rapidly.

Also, Indian workers are not very disciplined and every now and then there are reports of strikes in factories. There was one infamous incident in Manesar when the workers at the Maruti factory rioted and burnt to death a HR executive. More than a hundred workers were charged for this crime, but at the end everyone were acquitted due to lack of evidence.


Title: Re: India is the new economic leader of global south. And replacement for China?...
Post by: DrBeer on November 14, 2023, 10:57:18 AM
Well, I think in the South part of Asia India has been an economic leader for a while now, their huge population was really a good lift for their economy, but not only that India has demographic bonus, but their government also make good improvement in their industry, and research and tech. The only think that lacks is the well-being of Indian people, their live quality is barely improving because the fierce competition, but if the economic projection and improvement keep in this track it will eventually improved.

However, I don't think they could replace China, China's development is more rapid than India, and don't forget about Korea, I think India need to beat Korea first before they try to replace China.


Investments and new plants and factories, warehouses and logistics - all this will give a huge number of jobs. It should be understood that there will be a lot of work for both specialists and people without knowledge and experience, which will raise the incomes of the poorest strata of the population. It is global investment projects, such as the relocation of assembly sites for major Western electronics manufacturers, that make it possible to revitalize cities and entire regions. One large "assembly factory" requires a huge number of additional services and services, which gives an impetus to the development of "related" businesses and provides many more jobs. Therefore - the arrival of Western manufacturers in India - will not only benefit the country, but will also improve the condition of some regions, breathing life into them, giving jobs and prospects.

By the way, one of the problems of China, because of which it is losing the status of "world factory" - the growth of staff pay. For example, 10 years ago a person on the assembly line was ready to work for 500 dollars, but today no one will go there for less than 3000 dollars (the figures are taken just for example). And this means that the cost of production starts to grow and ceases to be competitive if we talk about Chinese products, or the cost of production becomes less attractive to the customer who placed the production. India will have at least 10-20 years before such a scenario, at least - firstly due to a larger population, secondly due to population growth. China is losing population growth and is actively "aging".


Title: Re: India is the new economic leader of global south. And replacement for China?...
Post by: slapper on November 14, 2023, 12:24:51 PM
Yeah, India is stepping up to the world economic stage. There is the important issue of focus. Chinese workers are like a well-oiled machine; they are naturally disciplined. India, on the other hand, is more like a music band: everyone is very good, but they all play different songs. "Jugaad," which is a cool Indian way of winging it, sometimes comes before efficiency. Yes, India has a lot of great people working there. There are amazing IT experts, engineers, and a young, active workforce. Though: social problems like poverty and injustice are still big issues that the govs can't solve

Then there's the idea of "being the next big thing" in the world market. India and the West are dancing together, which is good for business and security. The tech scene? Great. Bangalore and Hyderabad are making Silicon Valley look bad. Oh, and don't forget that going from the world's back office to the CEO's chair isn't easy. Being young and having cool start-ups aren't enough. It's about making an environment that encourages new ideas and keeps growth going. India indeed has the groove, but that groove hardly turns into something.


Title: Re: India is the new economic leader of global south. And replacement for China?...
Post by: DrBeer on November 14, 2023, 01:06:51 PM
Yeah, India is stepping up to the world economic stage. There is the important issue of focus. Chinese workers are like a well-oiled machine; they are naturally disciplined. India, on the other hand, is more like a music band: everyone is very good, but they all play different songs. "Jugaad," which is a cool Indian way of winging it, sometimes comes before efficiency. Yes, India has a lot of great people working there. There are amazing IT experts, engineers, and a young, active workforce. Though: social problems like poverty and injustice are still big issues that the govs can't solve

Then there's the idea of "being the next big thing" in the world market. India and the West are dancing together, which is good for business and security. The tech scene? Great. Bangalore and Hyderabad are making Silicon Valley look bad. Oh, and don't forget that going from the world's back office to the CEO's chair isn't easy. Being young and having cool start-ups aren't enough. It's about making an environment that encourages new ideas and keeps growth going. India indeed has the groove, but that groove hardly turns into something.



Yes I agree that India has its own "peculiarities". But remember China in the mid to late last century ? A huge, densely populated country... an agrarian third-world country! And no matter how disciplined and able to work - they remained a third world country, which if they produced goods - then cheap and low quality. by the way, one of the reasons for this - the total poor population, which simply could not afford quality and expensive. But investments, technology, access to the WORLD MARKET, and understanding of the prospects, as well as quite comfortable conditions for the development of private business (this is the key word) were able to change China. In addition, the concept of contract manufacturing was not yet developed in those days, and the process was not very fast. Now the situation has changed, and migrations are faster and of higher quality


Title: Re: India is the new economic leader of global south. And replacement for China?...
Post by: jrrsparkles on November 14, 2023, 08:06:43 PM
Quote from: jrrsparkles
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.

China are improving in the aspect of production, which many countries of the world has confirmed it that China are potential in the area of economy growth compared to India that are still struggles to improve their economy based on the pandemic that collapsed their economy few years ago to caused high inflation in their land. Since China leaders and citizens came together to fight corruption that has been disturbing their economy growth over years, and Many things they where using be imported from India, because India where make a huge amount of money from those things they where imported to china until China leaders begin to work for the favour of their country by sending some people to other countries of the world to learn so many things that will bring progress to their land. If you look at the developed countries in the world today, China are among them because they have planted so many things that is generating incomes to their country today.

I am not able to understand what your post is trying to explain. If possible please explain it clearly.

Indian GDP growth and their manufacturing and everything is also well above exceptional and they are one of the countries doing better even compared to some developed countries but China is on the next level and they are in the position to decide if they shut their doors then the whole world will be stranded for so many goods.

Whereas India imports most goods and exports too so its kind of balanced and good when it comes to negotiations and all in the future between countries and that's why companies are trying to shift the power from China and divert into other nations.


Title: Re: India is the new economic leader of global south. And replacement for China?...
Post by: dezoel on November 15, 2023, 01:30:25 PM
This is such a refreshing good thing, India is not in the world politics hurting anyone. Have you ever heard India going around killing people? I mean China does, Russia does, Europe did/does, USA definitely does, all these powerful nations are hurting others to be at the top. India will not invade Iraq for oil, we know that much and that is why them getting bigger is such a good news. It will make the world see that you can be strong with peace, with friendship, with becoming allies to everyone, with sharing love.

This would be a great example and I think it will show the other bigger nations that they do not have to constantly attack each other to get strong economically. They can grow, they have huge potential, a big population too, and they can use that population to make sure that they are doing a lot of production, which could be used to export and make income, and that will be an incredible story for every nation out there today.


Title: Re: India is the new economic leader of global south. And replacement for China?...
Post by: arimamib on November 15, 2023, 02:50:14 PM
The advantage with India is that wages are quite low when compared to China. But at the same time, the taxes are quite high, regulations are complicated and productivity of staff is low. Factory workers in India are usually paid around $300 per month if they are on company roll. But a lot of corporations hire contract workers, who are paid only around half of this amount ($150 per month). On the other hand, in China factory workers are being paid around $900 per month or higher. The difference is huge and this attracts a lot of manufacturers to India. But the situation can change rapidly.

Also, Indian workers are not very disciplined and every now and then there are reports of strikes in factories. There was one infamous incident in Manesar when the workers at the Maruti factory rioted and burnt to death a HR executive. More than a hundred workers were charged for this crime, but at the end everyone were acquitted due to lack of evidence.
I don't think the low wage in a country is an advantage their economic growth, because low earnings people is also closely related to their ability to expenditure which means that they are not a good market. Low wages may lead to attract foreign investment, but low-wage workers have limited purchasing power, hindering domestic consumption and stifling demand for any products. The reasons companies or investment come into a country are not only for a good business to start, but also a good market for products to sell. Sustainable economic growth is the main reason for a country to gain power in global.


Title: Re: India is the new economic leader of global south. And replacement for China?...
Post by: suzanne5223 on November 15, 2023, 03:23:10 PM
India is the new leader of the global south .... And a replacement for China ?
Anything can happen because a country was there before China took over and there huge chance for India to take over as an economic leader especially now that the Chinese economy is going down.
If the Chinese don't fix the issue behind their economic major dump India will or may take over next year since they are already dominant most of the African countries where China is their creditor.


Title: Re: India is the new economic leader of global south. And replacement for China?...
Post by: Freddie Boyer on November 15, 2023, 03:37:48 PM
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.

Maybe and not all items, if i make the assumption is that in some aspects only cina Curtain Country is always present in the trading system not only in manufacturing but also in the adoption of Bitcoin. The reason is simple China has a centralized government that tries to control all aspects of its money supply and India does have a large population, but China was still one step ahead in everything from the start.


Title: Re: India is the new economic leader of global south. And replacement for China?...
Post by: so98nn on November 15, 2023, 03:52:06 PM
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.

Well things are rapidly changing for India in terms of manufacturing. Central governments have launched huge network of tendering system through their Government E-Marketplace abbreviated as GEM portal. It has raised the standards of manufacturing in many ways for quality supply chain.

Indian government has started subsidiaries for manufacturing units via MSME schemes through which they have segregated entire industries throughout India in Micro Small Mega entities. Based on which they are funding them to manufacture within India.

The next step that they launched was “Make In India” schemes where businesses are getting well funded to purchase heavy machinaties and set ups.

I think many decades is bit stretch, things might change sooner than we think. We never know strategies!


Title: Re: India is the new economic leader of global south. And replacement for China?...
Post by: jrrsparkles on November 15, 2023, 05:57:47 PM
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.

Well things are rapidly changing for India in terms of manufacturing. Central governments have launched huge network of tendering system through their Government E-Marketplace abbreviated as GEM portal. It has raised the standards of manufacturing in many ways for quality supply chain.

Indian government has started subsidiaries for manufacturing units via MSME schemes through which they have segregated entire industries throughout India in Micro Small Mega entities. Based on which they are funding them to manufacture within India.

The next step that they launched was “Make In India” schemes where businesses are getting well funded to purchase heavy machinaties and set ups.

I think many decades is bit stretch, things might change sooner than we think. We never know strategies!

You mentioned some valid points but I still feel India lacks the infrastructure that China has and being a democracy it's not going to be easy to make changes in the policies but China is different so they enforce whatever rules they want and make the people to follow it no matter what. Not many decades at least I don't see it happening in the next 10 years.



Title: Re: India is the new economic leader of global south. And replacement for China?...
Post by: Juse14 on November 15, 2023, 06:55:31 PM
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.

Maybe and not all items, if i make the assumption is that in some aspects only cina Curtain Country is always present in the trading system not only in manufacturing but also in the adoption of Bitcoin. The reason is simple China has a centralized government that tries to control all aspects of its money supply and India does have a large population, but China was still one step ahead in everything from the start.

The steps taken by the Bamboo Curtain Country to improve the economy and advance its economy have been carried out long ago, from several years back. So that the economy is so strong.
However, this does not mean that the Hindustan country is unable to compete with the economy of the Bamboo Curtain country. Because India has the opportunity for a sizable economic boom driven by improvements in investment, manufacturing and infrastructure, as well as in the field of energy transition. India has that opportunity. And the Hindustan country will be the Bamboo Curtain country's toughest rival or rival in the economic field, especially for the southern region.
And if we look back, India is a country that is quite experienced in dealing with economic crises, because in 2008-2009, India became one of the few countries that were able to survive the storm of the economic crisis at that time and India was able to maintain its economic growth rate above six percent, when other countries were on the verge of collapse.

In my view. What India needs to do at this time, in addition to improvements in infrastructure and manufacturing, but the development of its human resources also needs to be improved, because currently the quality of India's human resources is still far behind compared to other developed countries.

And when it comes to Bitcoin adoption, wasn't India once one of the countries with the largest crypto market in the world..?


Title: Re: India is the new economic leader of global south. And replacement for China?...
Post by: DrBeer on November 15, 2023, 08:18:28 PM
This is such a refreshing good thing, India is not in the world politics hurting anyone. Have you ever heard India going around killing people? I mean China does, Russia does, Europe did/does, USA definitely does, all these powerful nations are hurting others to be at the top. India will not invade Iraq for oil, we know that much and that is why them getting bigger is such a good news. It will make the world see that you can be strong with peace, with friendship, with becoming allies to everyone, with sharing love.

This would be a great example and I think it will show the other bigger nations that they do not have to constantly attack each other to get strong economically. They can grow, they have huge potential, a big population too, and they can use that population to make sure that they are doing a lot of production, which could be used to export and make income, and that will be an incredible story for every nation out there today.


Yes, you made a very good point about one of India's key advantages, its foreign policy - its non-participation, or its unwillingness to participate in dubious "projects" and its lack of active aggressive action. And this is a huge plus, or rather a competitive investment appeal. India is on the path of developing the country as a large, stable, predictable partner for other countries and alliances. China, precisely because of its foreign policy, is losing this attractiveness. That is why I believe India is the best alternative to China. In the real situation of absence of another similar player on the world stage in the mentioned region. That is why I hope and wish India to become the new leader of the "Global South" ! The world needs stability, it needs strong and significant leaders, and India deserves it !


Title: Re: India is the new economic leader of global south. And replacement for China?...
Post by: Fortify on November 15, 2023, 08:29:23 PM
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" ?


India is definitely not an economic leader compared to China. The fact they are a democracy is a great thing, but China has actually been able to grow at the pace it has over the last few decades because their "communist" party leadership has been able to push through a lot of changes that hurt but allowed them to expand rapidly. They now have brilliant infrastructure, highly developed cities and industrial networks which put them leagues ahead of India. India's tiny population advantage right now is dwarfed by the dysfunctional state of the country that barely seems to progress and still has big pockets of subsistence level existence. This may change however as many countries are getting unsettled by the more confrontational and aggressive approach of Xi Jinping.


Title: Re: India is the new economic leader of global south. And replacement for China?...
Post by: topbitcoin on November 15, 2023, 09:07:07 PM
~

India is definitely not an economic leader compared to China. The fact they are a democracy is a great thing, but China has actually been able to grow at the pace it has over the last few decades because their "communist" party leadership has been able to push through a lot of changes that hurt but allowed them to expand rapidly. They now have brilliant infrastructure, highly developed cities and industrial networks which put them leagues ahead of India. India's tiny population advantage right now is dwarfed by the dysfunctional state of the country that barely seems to progress and still has big pockets of subsistence level existence. This may change however as many countries are getting unsettled by the more confrontational and aggressive approach of Xi Jinping.

Indeed, currently compared to China, the Indian economy is indeed far behind China. However, it is not impossible that India will become the new economic leader in the southern region and become the new giant of Asia. Because Hindustan has that opportunity. And we'll see in the next few years, will this Hindustan country be able to make good use of this opportunity?

Currently under Modi's leadership, although the scale of the economy and development is still below China's, to encourage the Indian economy to be even more advanced, India continues to make improvements in the field of infrastructure and superstructure development and other developments to encourage the pace of the Indian economy to increase even further. from the previous.


Title: Re: India is the new economic leader of global south. And replacement for China?...
Post by: DVlog on November 15, 2023, 09:18:34 PM
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 :))


When and why is China surrendering its position? China is the most influential actor in Southeast Asia. Even in the Indian market there are lots of chinease products that don't have any alternatives that are produced in India. In politices indias influence demolishes over Maldeaves. Bangladeshi people don't like india due to their involvement in internal politics there. India has its own internal political crisis and we saw that recent manipur clash. China is in better position than india in politically and economically in every sector.


Title: Re: India is the new economic leader of global south. And replacement for China?...
Post by: arallmuus on November 15, 2023, 09:28:34 PM
This is such a refreshing good thing, India is not in the world politics hurting anyone. Have you ever heard India going around killing people? I mean China does, Russia does, Europe did/does, USA definitely does, all these powerful nations are hurting others to be at the top. India will not invade Iraq for oil, we know that much and that is why them getting bigger is such a good news. It will make the world see that you can be strong with peace, with friendship, with becoming allies to everyone, with sharing love.

India has not yet proven that the country stands on par with all those countries / nation that you mentioned. So aside from trying to exert dominance over the other countries like what those countries do, India focus on building their own country but once India is on par economically with all those countries then the whole agenda could have change.

This would be a great example and I think it will show the other bigger nations that they do not have to constantly attack each other to get strong economically.

Thats how you 'grow' economically once you are already on top, there isnt much growth there so one of the way is to exert dominance so the other developing countries would follow in your foot steps then establish economic cooperation to further enhance the country economic situation


Title: Re: India is the new economic leader of global south. And replacement for China?...
Post by: DrBeer on November 16, 2023, 10:02:17 AM
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 :))


When and why is China surrendering its position? China is the most influential actor in Southeast Asia. Even in the Indian market there are lots of chinease products that don't have any alternatives that are produced in India. In politices indias influence demolishes over Maldeaves. Bangladeshi people don't like india due to their involvement in internal politics there. India has its own internal political crisis and we saw that recent manipur clash. China is in better position than india in politically and economically in every sector.

The fall doesn't happen in 1 day. The loss of leadership status is based on systemic, complex processes that have external manifestations that can be "diagnosed".
Such manifestations can include:
- A huge problem of the domestic economy, which is slowly being killed by "bubbles" like Evergrande.
- Huge internal debts. The level of domestic debt is almost three times the country's GDP (295%) and is the highest for China since 1995.
- Loss of markets - namely Western markets, given the fact that China's economy is export-oriented.
- Aging population, which negatively affects the labor market and increases social costs. This is a consequence of the "one family - one child" program, and the growth of welfare of the country's residents.
- Loss of investment attractiveness - In the first eight months of the year, the outflow of funds from China amounted, according to IIF calculations, to $13.1 billion, while the inflow of capital to other developing countries amounted to $139.5 billion. On the bond market, the outflow of funds from China amounted to $5.1 billion. The dynamics is explained by worsening expectations of a rapid recovery of China....
- and many other indicators that indicate that the processes of economic degradation have begun. And again I remind you - there are also issues of questionable policy both internal and external, which also negatively affect the economic status of China.


Title: Re: India is the new economic leader of global south. And replacement for China?...
Post by: Plaguedeath on November 16, 2023, 01:17:52 PM
Some things that I am not sure are completely true, as disagreements within India's religious culture in maintaining caste discrimination will be a big challenge for them to rise to outstanding positions. , typically the gap between rich and poor in this country, and urban planning issues. I really hope to travel to India soon, to be able to experience and feel the reality of their lives, from the pictures that my friends shared before, some things that I admire are that they have a very impressive history, but the economic issue is not praised much, but it is easy to admit that they are developing very quickly.
Correct, they have an evil caste system, but I think such caste system could help them too.

The low caste is forced to work on dirty job and get paid less, even though they're poor and can't help the India's economy, but it make the high caste focus to work in high paying job and they're very good in technology.

GDP is a whole economy, so the unequal wealth distribution, poverty and unemployment rate will not affect it.


Title: Re: India is the new economic leader of global south. And replacement for China?...
Post by: Hispo on November 18, 2023, 01:26:01 AM
Yeah, India is stepping up to the world economic stage. There is the important issue of focus. Chinese workers are like a well-oiled machine; they are naturally disciplined. India, on the other hand, is more like a music band: everyone is very good, but they all play different songs. "Jugaad," which is a cool Indian way of winging it, sometimes comes before efficiency. Yes, India has a lot of great people working there. There are amazing IT experts, engineers, and a young, active workforce. Though: social problems like poverty and injustice are still big issues that the govs can't solve

Then there's the idea of "being the next big thing" in the world market. India and the West are dancing together, which is good for business and security. The tech scene? Great. Bangalore and Hyderabad are making Silicon Valley look bad. Oh, and don't forget that going from the world's back office to the CEO's chair isn't easy. Being young and having cool start-ups aren't enough. It's about making an environment that encourages new ideas and keeps growth going. India indeed has the groove, but that groove hardly turns into something.


I also believe there is a lot of potential within India to become the new factory of the world and attract a lot of western companies to make their products there, instead in China. Though, the biggest problem I see about India is the lack of an organized and enforced set of laws about workers and regulated workplaces, something which help children to having being slaved into a very dangerous job for the sake of their own survival, that is not okey and it would not be okey if continued to happen because of the move of western companies.

Also, I am not sure how much of a difference there is between the job culture between workers in China and India, but there seems to actually be some. When I think about China I think of big factories and buildings, when I think about India I do not think about the same.


Title: Re: India is the new economic leader of global south. And replacement for China?...
Post by: DrBeer on November 20, 2023, 07:31:13 PM
....
India is definitely not an economic leader compared to China. The fact they are a democracy is a great thing, but China has actually been able to grow at the pace it has over the last few decades because their "communist" party leadership has been able to push through a lot of changes that hurt but allowed them to expand rapidly. They now have brilliant infrastructure, highly developed cities and industrial networks which put them leagues ahead of India. India's tiny population advantage right now is dwarfed by the dysfunctional state of the country that barely seems to progress and still has big pockets of subsistence level existence. This may change however as many countries are getting unsettled by the more confrontational and aggressive approach of Xi Jinping.

I will repeat 2 arguments:
1. The success of China is not so much due to some well-thought-out internal policies of the Chinese leadership in the late 20th and early 21st centuries, but thanks to Western investments, Western interest in China, and Western technology and money. Until this moment, China remained a not very developed, largely agricultural country.
2. India's democratic vector, convenient geographical location, adequate politics, large population and not very high standard of living of the population (no offense here, but this is also a factor), are much more attractive than today's China. By the way, at Biden’s meeting with Xi Jinping, one of the issues discussed was the US refusal to withdraw its business from China. Because This is a REAL problem for the Chinese economy. And American companies need to move all this somewhere... And this is already a question in favor of India with a very high probability.


Title: Re: India is the new economic leader of global south. And replacement for China?...
Post by: Sithara007 on November 22, 2023, 05:25:07 AM
I will repeat 2 arguments:
1. The success of China is not so much due to some well-thought-out internal policies of the Chinese leadership in the late 20th and early 21st centuries, but thanks to Western investments, Western interest in China, and Western technology and money. Until this moment, China remained a not very developed, largely agricultural country.
2. India's democratic vector, convenient geographical location, adequate politics, large population and not very high standard of living of the population (no offense here, but this is also a factor), are much more attractive than today's China. By the way, at Biden’s meeting with Xi Jinping, one of the issues discussed was the US refusal to withdraw its business from China. Because This is a REAL problem for the Chinese economy. And American companies need to move all this somewhere... And this is already a question in favor of India with a very high probability.

I agree with both the points. But at the same time, the conditions that are prevalent in India are existent in other countries as well. Examples are Indonesia, Bangladesh, Myanmar, Pakistan and Vietnam are a few examples. Investors are obviously going to select one country where they will find less amount of bureaucracy and red tape. The main issue with India is that there is a lot of corruption and red tape. International investors, unless they tie up with one of the Indian partners, find it very tough to do business in India.


Title: Re: India is the new economic leader of global south. And replacement for China?...
Post by: Kakmakr on November 22, 2023, 06:04:05 AM
India 2023 population is estimated at 1,428,627,663 people and about 17.76% of the total world population. India ranks number 1 in the list of countries (and dependencies) by population. The population density in India is 481 per Km2 (1,244 people per mi2). The median age in India are about 25 years.

China population is equivalent to 17.72% of the total world population. China ranks number 2 in the list of countries (and dependencies) by population. The population density in China is 152 per Km2 (393 people per mi2). The median age in China is 39.0 years.

Source : Worldometer

So, with India you have a much younger work force and probably also a lot of poverty ....so you can have cheaper labor cost. (Even though the poverty has significantly improved in India over the last couple of years)

China on the other hand has a much more disciplined workforce and they are more technologically advanced, so most manufacturing are done with robots and more efficient labor.  :P


Title: Re: India is the new economic leader of global south. And replacement for China?...
Post by: DrBeer on November 22, 2023, 10:29:28 AM
India 2023 population is estimated at 1,428,627,663 people and about 17.76% of the total world population. India ranks number 1 in the list of countries (and dependencies) by population. The population density in India is 481 per Km2 (1,244 people per mi2). The median age in India are about 25 years.

China population is equivalent to 17.72% of the total world population. China ranks number 2 in the list of countries (and dependencies) by population. The population density in China is 152 per Km2 (393 people per mi2). The median age in China is 39.0 years.

Source : Worldometer

So, with India you have a much younger work force and probably also a lot of poverty ....so you can have cheaper labor cost. (Even though the poverty has significantly improved in India over the last couple of years)

China on the other hand has a much more disciplined workforce and they are more technologically advanced, so most manufacturing are done with robots and more efficient labor.  :P


Exactly! China has a growing problem of aging population and falling population growth.
India's middle age is a great resource for economic development ! Plus we must admit that India has a very good level of education, not all the population, but people are eager to learn, to get new professions, to develop their potential. And this has a very high investment attractiveness.
And a nuance - low level of income, on the one hand it is bad, on the other hand - again attractive for investors. At the same time, the inflow of investments will provide new jobs, competitive salaries, which will positively affect the situation in the country


Title: Re: India is the new economic leader of global south. And replacement for China?...
Post by: DrBeer on November 22, 2023, 11:49:22 AM
I will repeat 2 arguments:
1. The success of China is not so much due to some well-thought-out internal policies of the Chinese leadership in the late 20th and early 21st centuries, but thanks to Western investments, Western interest in China, and Western technology and money. Until this moment, China remained a not very developed, largely agricultural country.
2. India's democratic vector, convenient geographical location, adequate politics, large population and not very high standard of living of the population (no offense here, but this is also a factor), are much more attractive than today's China. By the way, at Biden’s meeting with Xi Jinping, one of the issues discussed was the US refusal to withdraw its business from China. Because This is a REAL problem for the Chinese economy. And American companies need to move all this somewhere... And this is already a question in favor of India with a very high probability.

I agree with both the points. But at the same time, the conditions that are prevalent in India are existent in other countries as well. Examples are Indonesia, Bangladesh, Myanmar, Pakistan and Vietnam are a few examples. Investors are obviously going to select one country where they will find less amount of bureaucracy and red tape. The main issue with India is that there is a lot of corruption and red tape. International investors, unless they tie up with one of the Indian partners, find it very tough to do business in India.

Yes, there's Indonesia, Bangladesh, Myanmar, Pakistan, Vietnam..... But India has more advantages - from choosing a Western vector of development, and a policy that does not greatly affect business, to a more favorable geographical location, including a convenient "transit" sea route. Plus a huge territory where it is possible to develop big business, logistics and infrastructure. This is another additional advantage of India over other countries in the region.


Title: Re: India is the new economic leader of global south. And replacement for China?...
Post by: DrBeer on December 02, 2023, 10:38:57 AM
Today, China is trying in every possible way to show its "non-acceptance" of India as a competitor of China with whom China has no means of confronting in the near term.

Xi's refusal to go to the G20 summit, for example, was telling. Moreover, his dislike for India was much higher than his "love" for his servant - Putin....

The reason is banal - for a year India was the party that hosted the G20 participants.  In turn, Xi tried not to appear there at all and not to raise the status of these events with his presence. According to the political scientist, this confrontation will continue in the future....

China's attempt to "deny" India is a good indicator of what China really fears...


Title: Re: India is the new economic leader of global south. And replacement for China?...
Post by: DrBeer on December 20, 2023, 06:57:24 PM
It seems that the topic of Indian leadership is not just my assumptions, but also a completely serious idea!

"World dominance in 25 years. How India is going to displace China and become the main manufacturing hub in the world. Bloomberg tells."

....Prime Minister Narendra Modi wants to make India a developed country that would compete with China. Bloomberg took a look at the current state of affairs in the country and collected the opinions of analysts to assess India's chances of success. Forbes chose the main thing from the material.

India's economic transformation is gaining momentum.

Global manufacturers are planning to expand beyond China, and Indian Prime Minister Narendra Modi wants to seize the opportunity. The government is allocating nearly 20% of this fiscal year's budget to capital investment, the highest in a decade.

US-China rivalry is benefiting India as companies look to expand beyond China. Thus, three key Taiwanese Apple suppliers have secured incentives from the Modi government to increase production and export of smartphones. From April to December, shipments of iPhones to the country more than doubled and exceeded $2.5 billion.

As traditional manufacturing hubs slow down operations in China and Germany, for example, there is a need to find another country to revitalize the global economy. Morgan Stanley forecasts that India will account for a fifth of global expansion this decade, allowing it to achieve more than $400 billion in output growth.

Plans to increase the country's productive capacity are not new to Modi's policies. Since 2014, he has been running the “Work in India!” campaign, trying to emulate the success of China, Singapore, South Korea and Taiwan, which managed to join the list of the richest economies in the world by producing the world's desired goods.


Unfortunately, I didn’t find it in English, but Google Translate will easily correct the situation:
https://forbes.ua/ru/svit/dosyagti-svitovogo-dominuvannya-yak-indiya-zbiraetsya-posunuti-kitay-stati-golovnim-virobnichim-khabom-u-sviti-rozpovidae-bloomberg-23012023-11247


Title: Re: India is the new economic leader of global south. And replacement for China?...
Post by: Sithara007 on December 22, 2023, 06:24:39 AM
Being an Indian, I would say that it will be almost impossible for India to overtake China. The success of China can be attributed to the fact that there is minimal government intervention and almost zero regulations. But in India, hardly any importance is given to merit and with each passing year the government intervention is increasing. In the state of Bihar recently the quota in education and jobs for "backward classes" were increased to 75%. That means that 75% of the employees will be selected based on their caste and just 25% will be selected on the basis of their merit. Given this, how can India overtake China?


Title: Re: India is the new economic leader of global south. And replacement for China?...
Post by: DrBeer on December 22, 2023, 10:06:18 AM
Being an Indian, I would say that it will be almost impossible for India to overtake China. The success of China can be attributed to the fact that there is minimal government intervention and almost zero regulations. But in India, hardly any importance is given to merit and with each passing year the government intervention is increasing. In the state of Bihar recently the quota in education and jobs for "backward classes" were increased to 75%. That means that 75% of the employees will be selected based on their caste and just 25% will be selected on the basis of their merit. Given this, how can India overtake China?

"Communist capitalism" is a thing of the past. Now Xi Jinping has "broken" it all. Totalitarianism, total control, brutal influence of the state on business and attempts to gain control over private business, reduction of freedoms - both human and financial, militarization - all this is not good for the Chinese economy. Just because China has become the largest economy with an exponential growth curve in 30 years does not mean it will continue to be so. The world remembers many examples of larger objects self-destructing..... So "nothing lasts forever under the moon", and even more so if the government is also helping to destroy the economy.


Title: Re: India is the new economic leader of global south. And replacement for China?...
Post by: WillyAp on December 22, 2023, 01:41:08 PM
As if one country is homegenically one single body.
How good and cultured is the common man? How good is education in the rural zones?

That is where a country advances, not those mainstream points of "progress". Scandinavia has a better Rep, than most countries. The Baltic states. .


Title: Re: India is the new economic leader of global south. And replacement for China?...
Post by: 0t3p0t on December 22, 2023, 06:42:22 PM
Quote
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"?
Well for me India is undoubtedly has potential when it come to technological advancements but China currently is holding the crown of having the most successful manufacturing industries due to it's high tech and advance machineries. But unfortunately for China, due to it's agressive and deceitful behavior towards it's neighbors, foreign investments were backing out and this is now on India and other country's advantage as investors are now pouring huge investments in countries like India, Vietnam and the Philippines. China's provocative moves might backfire in it's economic advancements in the coming years and this is alarming on their behalf.


Title: Re: India is the new economic leader of global south. And replacement for China?...
Post by: Fortify on December 22, 2023, 07:34:42 PM
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" ?


It was inevitable when Xi Jinping decided to close China back up and become a dictator for life - it is an unfriendly move towards business in a country that had a tenuous relationship with capitalism at the best of times. They got rich from opening up and allowing much more freedom, now they want to suppress it again, like all authoritarian leaders do, in order to stroke their own egos or twisted perception of their own countries' importance. I hope India knocks them off, because at the very least they pretend to be democratic, even if sometimes things get a bit turbulent with political parties wrestling for control. I hope a lot more trade goes to India because it has a lot more to offer the world.


Title: Re: India is the new economic leader of global south. And replacement for China?...
Post by: bocyaj on December 22, 2023, 07:48:37 PM
Being an Indian, I would say that it will be almost impossible for India to overtake China. The success of China can be attributed to the fact that there is minimal government intervention and almost zero regulations. But in India, hardly any importance is given to merit and with each passing year the government intervention is increasing. In the state of Bihar recently the quota in education and jobs for "backward classes" were increased to 75%. That means that 75% of the employees will be selected based on their caste and just 25% will be selected on the basis of their merit. Given this, how can India overtake China?

It’s true opinion from your side,I had really appreciated it.Because the economy of the China is not the imaginable one to the India.Even though the population of both the country was almost equal and in future India may overtake China.But the government of China using their people as their power to lead their economy.India people also had huge potential,in many countries the top position in the government was owned by the Indian Origin.But many Indian inventions was not recognised by their own country government.As I had seen many documentary related to this issue.But still Indian government was not ready to change their policies and political influence in the scheme which only favoured the other country corporate.The politicians should changed for this significant change in Indian economy.


Title: Re: India is the new economic leader of global south. And replacement for China?...
Post by: coupable on December 22, 2023, 09:36:13 PM
As if one country is homegenically one single body.
How good and cultured is the common man? How good is education in the rural zones?

That is where a country advances, not those mainstream points of "progress". Scandinavia has a better Rep, than most countries. The Baltic states. .
These are all indicators of the country's economic development, and we find that India still has a lot of strides to go in achieving this. I agree with you that India is still far from being the leader of the global economy, even though it is on the path of development, especially after the expansion of the BRICS alliance, which now includes a group of the world's largest economies.
One of the other elements that stands as an obstacle to India becoming an economic leader is its ongoing differences with China, which the BRICS alliance has not succeeded in overcoming because it remains an economic alliance and has not yet transformed into a political alliance. Also, the state's public policies are determined by the government's vision, and therefore they can change once the government changes. It is very easy for an extremist party to rise to power and erase everything that the government before it achieved.
India has the potential to become an economic leader, but the will is not enough.


Title: Re: India is the new economic leader of global south. And replacement for China?...
Post by: leonair on December 23, 2023, 02:08:14 PM
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 a big country and it has a huge population because of its high manufacturing volume and some of the world's biggest companies have CEOs from India. The CEO of the world's biggest tech giant Google is Indian.  India is very advanced in terms of technology so India is growing economically. But India has not yet become like China. China is the top exporting country so it is natural that their economic growth will be high.  So India will not be able to become like China very easily in terms of economy


Title: Re: India is the new economic leader of global south. And replacement for China?...
Post by: Barikui1 on December 23, 2023, 03:12:03 PM
I think it is very much possible, but it will take indian more than a decade to reach the height of china in terms of industrial output.
Look at china's industrial system, and recently they are forming a very strong relationship with Russia who have the raw materials required to take there economy and trades the a different level.
I really do believe that it will take india years to even match their industrial output, but as for now India is not ready yet for such a position now.


Title: Re: India is the new economic leader of global south. And replacement for China?...
Post by: jrrsparkles on December 23, 2023, 04:33:53 PM
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 a big country and it has a huge population because of its high manufacturing volume and some of the world's biggest companies have CEOs from India. The CEO of the world's biggest tech giant Google is Indian.  India is very advanced in terms of technology so India is growing economically. But India has not yet become like China. China is the top exporting country so it is natural that their economic growth will be high.  So India will not be able to become like China very easily in terms of economy

India has manpower but still lacks in infrastructure compared to China, Indians becoming CEO of tech companies has nothing to do with the Indian economy but it is a strategical move by the respective companies to hire more employees for effective salaries since their managing skills is better and they can coordinate things well too.


Title: Re: India is the new economic leader of global south. And replacement for China?...
Post by: HONDACD125 on December 23, 2023, 05:31:24 PM
I think it is very much possible, but it will take indian more than a decade to reach the height of china in terms of industrial output.
Look at china's industrial system, and recently they are forming a very strong relationship with Russia who have the raw materials required to take there economy and trades the a different level.
I really do believe that it will take india years to even match their industrial output, but as for now India is not ready yet for such a position now.


There is no doubt that China is ahead in industrial production. China's industrial system is very strong, but India's progress in the last decade cannot be ignored. India's economy is also improving and its GDP growth is also increasing well. In such a situation, there are very positive indications regarding the GDP growth of the Indian economy. In terms of relations, India also has strong relations with various countries, Rather, India is ahead of China in this regard.

 I think India will not need that much time to match China's industrial output, because India also has a lot of young power generation, and the country that has young power generation goes ahead in development very quickly. The manner in which India is progressing, their Chandrayaan mission landed on the moon some time ago, It can be inferred that India is fully prepared for this competition. Like China, India also has a strong system and a strong system also plays an important role in the economic, social and industrial development of a country.


Title: Re: India is the new economic leader of global south. And replacement for China?...
Post by: qwertyup23 on December 23, 2023, 06:55:01 PM
I don't quite see India on it's way to replacing China as the West's new manufacturing powerhouse yet. For now it seems more like a matter of companies hedging their bets, given the fragility of the supply chain that was unveiled by Covid and China's labour cost slowly catching up.

Still, India seems in a far better position then just a decade ago. Give it a few more years and we'll see who comes out on top.

I definitely agree with your statement.

While there are huge companies who have started to shift their manufacturing plant from China to India, I doubt that the latter would replace the former in a short amount of time.

Like what has been mentioned, the Indian government has provided tons of incentives for Apple in order for the tech company to start its manufacturing plant on their country. According to this ARTICLE (https://www.pbs.org/newshour/show/why-production-of-apple-iphones-has-been-moving-from-china-to-india#:~:text=Then%20last%20year%2C%20COVID%2D19,more%20business%20outside%20of%20China.), it costed apple an estimate loss of $1 billion every week due to political inconsistencies, covid lockdowns, and business bankruptcies in China which ultimately affected their business model.1

While other companies have started to do the same, it will still take some time for everything to be materialized. Like you mentioned, probably it would take a minimum of ten (10) years for companies to neutralize its resources and conduct their business outside China.



1 https://www.pbs.org/newshour/show/why-production-of-apple-iphones-has-been-moving-from-china-to-india#:~:text=Then%20last%20year%2C%20COVID%2D19,more%20business%20outside%20of%20China.


Title: Re: India is the new economic leader of global south. And replacement for China?...
Post by: WillyAp on December 23, 2023, 08:54:09 PM

While other companies have started to do the same, it will still take some time for everything to be materialized. Like you mentioned, probably it would take a minimum of ten (10) years for companies to neutralize its resources and conduct their business outside China.



1 https://www.pbs.org/newshour/show/why-production-of-apple-iphones-has-been-moving-from-china-to-india#:~:text=Then%20last%20year%2C%20COVID%2D19,more%20business%20outside%20of%20China.

I think you underestimate the private corporate sector.
The only thing slowing down the private sector is state interrventions.


Title: Re: India is the new economic leader of global south. And replacement for China?...
Post by: Renampun on December 23, 2023, 09:49:01 PM
...
I don't think the low wage in a country is an advantage their economic growth, because low earnings people is also closely related to their ability to expenditure which means that they are not a good market. Low wages may lead to attract foreign investment, but low-wage workers have limited purchasing power, hindering domestic consumption and stifling demand for any products. The reasons companies or investment come into a country are not only for a good business to start, but also a good market for products to sell. Sustainable economic growth is the main reason for a country to gain power in global.


In fact, when low wages become something that is determined by a country, there will be subsidies from the government that help reduce the burden on people who have low wages, but the issue of low wages has become something that is discussed in many countries, even my own country Indonesia, might be interesting. investment interest but economic growth will be very stagnant.
From my point of view low wages are not much different from modern colonialism, but it is all a decision of the government of each country, because investors may be interested but large social disparities will not be avoided.
However, if the india government wants to compete with China, they must set low wages for workers in their country so that investors are interested.


Title: Re: India is the new economic leader of global south. And replacement for China?...
Post by: DrBeer on December 24, 2023, 02:14:20 PM
China on the other hand has a much more disciplined workforce and they are more technologically advanced, so most manufacturing are done with robots and more efficient labor.  :P

It is important to remember here, and this is the most important thing - the success of the Chinese economy is, first of all, Western investments and Western technologies.. That is. Western money that the West invested in China, as well as technology - equipment, machines, assembly lines, documentation, training of specialists.... Without this, China would remain a huge agricultural country, the third world. I hope there is no need to remind you what China produced in the 70-90s of the last century? And what did it begin to produce after the West began investing there and importing technology? And how China is now alarmed by the increasing access to Western technologies and the outflow of Western investment.
India is now very attractive to Western businesses as an alternative to China. Even so, China is becoming so toxic that Western businesses are FORCED to look for alternative territories. India is actually an ideal fit - the same region, convenient geographical location, and much more that was previously voiced


Title: Re: India is the new economic leader of global south. And replacement for China?...
Post by: WillyAp on December 24, 2023, 03:08:02 PM

In fact, when low wages become something that is determined by a country, there will be subsidies from the government that help reduce the burden on people who have low wages, but the issue of low wages has become something that is discussed in many countries, even my own country Indonesia, might be interesting.

Rather by the narrow vision of Business owners.
They do not see that a well paid employee is also your ambassador, your client in the future and brings in more business.

I was present at a meeting where a successful businessman offered a 50$ Wage for a 6 days a week programmer position. I could not believe it.


Title: Re: India is the new economic leader of global south. And replacement for China?...
Post by: DrBeer on December 24, 2023, 06:52:59 PM
...
I don't think the low wage in a country is an advantage their economic growth, because low earnings people is also closely related to their ability to expenditure which means that they are not a good market. Low wages may lead to attract foreign investment, but low-wage workers have limited purchasing power, hindering domestic consumption and stifling demand for any products. The reasons companies or investment come into a country are not only for a good business to start, but also a good market for products to sell. Sustainable economic growth is the main reason for a country to gain power in global.


In fact, when low wages become something that is determined by a country, there will be subsidies from the government that help reduce the burden on people who have low wages, but the issue of low wages has become something that is discussed in many countries, even my own country Indonesia, might be interesting. investment interest but economic growth will be very stagnant.
From my point of view low wages are not much different from modern colonialism, but it is all a decision of the government of each country, because investors may be interested but large social disparities will not be avoided.
However, if the india government wants to compete with China, they must set low wages for workers in their country so that investors are interested.

Low wages - yes, this is one part of the investment attractiveness. This is a problem, of course, and a problem of the local government, but for companies, a low wage component is a reduction in production costs. This means a more competitive price of goods/services.
But when investors come - the income level of the local population will grow. As it happened in China - no one will work there now "for food". And it is also a benefit for the country receiving investments and investors !
Additional benefits - development of industries, improvement of economic situation in the regions, additional revenues to the budget, infrastructure development.



Title: Re: India is the new economic leader of global south. And replacement for China?...
Post by: so98nn on December 24, 2023, 07:29:23 PM
They are playing strategically. Its amazing to see how their involvement with different warfares and global issues is always and all the time based on diplomatic ways. That is what making them win the current era economics. They are being vigilant and they do not switch sides at all. If they are friends with one then they are friends with that nation at all cost no matter what other countries say about them. They handled everything perfectly from pandemic till different wars from middle globe and neighbouring countries. I think they do not need anymore certification on how to act as global leader whenever it is necessary. They have perfect leaders, perfect system to tackle the internal and external affairs. Imagine being most populated country with whole new realm of problems yet they stand still when it comes to building diplomatic relationship management. 


Title: Re: India is the new economic leader of global south. And replacement for China?...
Post by: panganib999 on December 24, 2023, 11:58:36 PM
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" ?

Highly unlikely, the thing is that India is good and all but it doesn't have the recipe to create an economy robust enough for it to topple China's powerful economy over. Let's just talk about hygiene and basic education, which in some parts of the country is still a foreign topic. China doesn't have this problem, for crying out loud they even have convoluting education systems that literally equip students with extreme levels of information, imagine going to school at 6 am and going home at 9 pm, 6 days a week. No wonder they are great at what they do.

They also seclude their wealth within themselves, which is something that India doesn't do, they export, they outsource, elites in the country can transfer their wealth willy-nilly without having to go through extreme processes before they can even transfer a sliver of it out of the country. China has that up their sleeves which effectively also pumps the value of Yuan by a staggering amount.


Title: Re: India is the new economic leader of global south. And replacement for China?...
Post by: DrBeer on December 25, 2023, 10:23:55 AM
.....
Highly unlikely, the thing is that India is good and all but it doesn't have the recipe to create an economy robust enough for it to topple China's powerful economy over. Let's just talk about hygiene and basic education, which in some parts of the country is still a foreign topic. China doesn't have this problem, for crying out loud they even have convoluting education systems that literally equip students with extreme levels of information, imagine going to school at 6 am and going home at 9 pm, 6 days a week. No wonder they are great at what they do.

They also seclude their wealth within themselves, which is something that India doesn't do, they export, they outsource, elites in the country can transfer their wealth willy-nilly without having to go through extreme processes before they can even transfer a sliver of it out of the country. China has that up their sleeves which effectively also pumps the value of Yuan by a staggering amount.

India should not have the goal of "destroying China's economy". India's goal should be to make its economy BETTER. Especially, once again, the Chinese economy today has huge problems. And what we are seeing is just the tip of the iceberg. The flight of investors and money from China, can play into India's hands - they can host these billions of dollars on their territory. Yes, a lot of work will have to be done, a lot of changes will have to be made. But China did not build its economy in a year, it took almost 30 years. Now the world has "sped up" and now, with good potential, it can be done much faster, maybe 10 +/- years, so that India just takes the initiative and continues to develop its economy, against the backdrop of China's faltering economy


Title: Re: India is the new economic leader of global south. And replacement for China?...
Post by: lixer on December 25, 2023, 02:30:33 PM
I think it is very much possible, but it will take indian more than a decade to reach the height of china in terms of industrial output.
Look at china's industrial system, and recently they are forming a very strong relationship with Russia who have the raw materials required to take there economy and trades the a different level.
I really do believe that it will take india years to even match their industrial output, but as for now India is not ready yet for such a position now.
This is also what @jrrsparkles said in the first page/post that it will take India a decade. Maybe you haven't noticed it? But, no doubt that almost anyone will think about that, judging how India moves or looks like. Of course, we are no way of insulting or making fun of them, but we are only telling what we think, in response to this topic here. I'd like to add in, that China won't also be idle during those periods.

So if ever India have improved a lot, I'm afraid that China is still going to be ahead of them. China and Russia, are already a long time best friends. But, maybe what you said there is also true that their friendship nowadays have even became more stronger or sweeter than ever. I'm not sure if I will be happy about that though.


Title: Re: India is the new economic leader of global south. And replacement for China?...
Post by: DrBeer on December 25, 2023, 02:37:01 PM
I think it is very much possible, but it will take indian more than a decade to reach the height of china in terms of industrial output.
Look at china's industrial system, and recently they are forming a very strong relationship with Russia who have the raw materials required to take there economy and trades the a different level.
I really do believe that it will take india years to even match their industrial output, but as for now India is not ready yet for such a position now.
This is also what @jrrsparkles said in the first page/post that it will take India a decade. Maybe you haven't noticed it? But, no doubt that almost anyone will think about that, judging how India moves or looks like. Of course, we are no way of insulting or making fun of them, but we are only telling what we think, in response to this topic here. I'd like to add in, that China won't also be idle during those periods.

So if ever India have improved a lot, I'm afraid that China is still going to be ahead of them. China and Russia, are already a long time best friends. But, maybe what you said there is also true that their friendship nowadays have even became more stronger or sweeter than ever. I'm not sure if I will be happy about that though.

There's just a little nuance. China's economy is in a very difficult situation, and the saddest thing for China is that the Chinese government is pursuing a course of worsening ties with the West, which may look like suicide for an export-oriented economy. And Russia is just a raw material appendage and a "guinea pig" for China to test the world's reaction to certain "irritants". so it is hard to call their alliance one that can greatly improve the situation in the Chinese economy. India, on the contrary, is strengthening ties with the developed Western world and adhering to international laws and agreements.


Title: Re: India is the new economic leader of global south. And replacement for China?...
Post by: jrrsparkles on December 25, 2023, 03:27:07 PM
I think it is very much possible, but it will take indian more than a decade to reach the height of china in terms of industrial output.
Look at china's industrial system, and recently they are forming a very strong relationship with Russia who have the raw materials required to take there economy and trades the a different level.
I really do believe that it will take india years to even match their industrial output, but as for now India is not ready yet for such a position now.
This is also what @jrrsparkles said in the first page/post that it will take India a decade. Maybe you haven't noticed it? But, no doubt that almost anyone will think about that, judging how India moves or looks like. Of course, we are no way of insulting or making fun of them, but we are only telling what we think, in response to this topic here. I'd like to add in, that China won't also be idle during those periods.

So if ever India have improved a lot, I'm afraid that China is still going to be ahead of them. China and Russia, are already a long time best friends. But, maybe what you said there is also true that their friendship nowadays have even became more stronger or sweeter than ever. I'm not sure if I will be happy about that though.

There's just a little nuance. China's economy is in a very difficult situation, and the saddest thing for China is that the Chinese government is pursuing a course of worsening ties with the West, which may look like suicide for an export-oriented economy. And Russia is just a raw material appendage and a "guinea pig" for China to test the world's reaction to certain "irritants". so it is hard to call their alliance one that can greatly improve the situation in the Chinese economy. India, on the contrary, is strengthening ties with the developed Western world and adhering to international laws and agreements.

China is still in the driving position, if western countries boycott China then they have nowhere else to go that is why the Western countries are thriving to find multiple alternatives to manufacture their products and I think I already mentioned about Apple as an example for this. India, Russia and China have weird bond too when it comes to international trade and no government can influence them to change their government's decisions like buying oil from Russia.



Title: Re: India is the new economic leader of global south. And replacement for China?...
Post by: WillyAp on December 25, 2023, 04:04:38 PM
One factor often underestimated is that politics is made by humans.
Those humans feel rage, pride, desperation and other feeling which can lead to non rational decision taking
i.e. Russia freeing Ukraine from their Nazis, or their attack on Ukraine, depending on which side you are on.


Title: Re: India is the new economic leader of global south. And replacement for China?...
Post by: Sithara007 on December 26, 2023, 07:43:08 AM
It’s true opinion from your side,I had really appreciated it.Because the economy of the China is not the imaginable one to the India.Even though the population of both the country was almost equal and in future India may overtake China.But the government of China using their people as their power to lead their economy.India people also had huge potential,in many countries the top position in the government was owned by the Indian Origin.But many Indian inventions was not recognised by their own country government.As I had seen many documentary related to this issue.But still Indian government was not ready to change their policies and political influence in the scheme which only favoured the other country corporate.The politicians should changed for this significant change in Indian economy.

Brain drain is a major issue faced by India. As a result of affirmative action policies everywhere, those who belong to the unreserved classes migrate to western nations at the first available chance. Now even the reserved category people have started emigrating abroad. And all this is having a negative impact on sectors such as healthcare and education. But rather than phasing out such policies, the government has been increasing the quota year after year. At present, it is 75%, and very soon it will become 100%.


Title: Re: India is the new economic leader of global south. And replacement for China?...
Post by: DrBeer on December 26, 2023, 10:29:53 PM
I think it is very much possible, but it will take indian more than a decade to reach the height of china in terms of industrial output.
Look at china's industrial system, and recently they are forming a very strong relationship with Russia who have the raw materials required to take there economy and trades the a different level.
I really do believe that it will take india years to even match their industrial output, but as for now India is not ready yet for such a position now.
This is also what @jrrsparkles said in the first page/post that it will take India a decade. Maybe you haven't noticed it? But, no doubt that almost anyone will think about that, judging how India moves or looks like. Of course, we are no way of insulting or making fun of them, but we are only telling what we think, in response to this topic here. I'd like to add in, that China won't also be idle during those periods.

So if ever India have improved a lot, I'm afraid that China is still going to be ahead of them. China and Russia, are already a long time best friends. But, maybe what you said there is also true that their friendship nowadays have even became more stronger or sweeter than ever. I'm not sure if I will be happy about that though.

There's just a little nuance. China's economy is in a very difficult situation, and the saddest thing for China is that the Chinese government is pursuing a course of worsening ties with the West, which may look like suicide for an export-oriented economy. And Russia is just a raw material appendage and a "guinea pig" for China to test the world's reaction to certain "irritants". so it is hard to call their alliance one that can greatly improve the situation in the Chinese economy. India, on the contrary, is strengthening ties with the developed Western world and adhering to international laws and agreements.

China is still in the driving position, if western countries boycott China then they have nowhere else to go that is why the Western countries are thriving to find multiple alternatives to manufacture their products and I think I already mentioned about Apple as an example for this. India, Russia and China have weird bond too when it comes to international trade and no government can influence them to change their government's decisions like buying oil from Russia.

The key point is that it's still the largest economy. But as you know, the withdrawal of Western markets for consumption, investment and technology is a very painful blow to China's economy. It simply has nothing to compensate for such losses. High-quality goods were bought by developed countries, for stable currencies (dollar, euro), and paid a good price. After the fall in demand in the West, who to sell it to ? Russia ? So why China needs useless rubles? And the population is not ready to pay a high price for quality goods. Russia buys back cheap consumer goods from China.  The fall of currency inflows also reduces the possibility of buying anything on the foreign market.  The departure of investors means taking huge sums from the budget. And the burden on the budget will grow, as the fall in production will cause a decrease in tax revenues and unemployment. And the game of confrontation with the West - for many years, if not decades, will make China a country not attractive for Western money....


Title: Re: India is the new economic leader of global south. And replacement for China?...
Post by: AmoreJaz on December 26, 2023, 11:54:12 PM
It’s true opinion from your side,I had really appreciated it.Because the economy of the China is not the imaginable one to the India.Even though the population of both the country was almost equal and in future India may overtake China.But the government of China using their people as their power to lead their economy.India people also had huge potential,in many countries the top position in the government was owned by the Indian Origin.But many Indian inventions was not recognised by their own country government.As I had seen many documentary related to this issue.But still Indian government was not ready to change their policies and political influence in the scheme which only favoured the other country corporate.The politicians should changed for this significant change in Indian economy.

Brain drain is a major issue faced by India. As a result of affirmative action policies everywhere, those who belong to the unreserved classes migrate to western nations at the first available chance. Now even the reserved category people have started emigrating abroad. And all this is having a negative impact on sectors such as healthcare and education. But rather than phasing out such policies, the government has been increasing the quota year after year. At present, it is 75%, and very soon it will become 100%.

i don't think india can replace china. economic status alone would be hard to beat. india has a lot of things to resolve before they can even compete with china. that's my opinion though. i don't know the actual economic status of these 2. i am just basing on what i am seeing and reading over the news.

besides, india is ranked only as 14th most powerful country in the world, whereas, China is currently #2. so that's a long way to go for india. the factors considered are said to be leader, economic influence, political influence, strong international alliances and strong military
https://www.talkimg.com/images/2024/01/01/IxvYG.png
  THE 10 MOST POWERFUL COUNTRIES IN THE WORLD [2023]  (https://www.forbesindia.com/article/explainers/top-10-powerful-countries-in-the-world/87201/1#:~:text=As%20of%202023%2C%20India%20ranks,2.)


Title: Re: India is the new economic leader of global south. And replacement for China?...
Post by: DrBeer on December 28, 2023, 06:23:00 PM
I think the way to strengthen the economy, and some modernization of the internal structure (ineffective laws, economic "habits", corruption, etc.), will be comprehensively beneficial to the country. It will not only attract investors and expand India's interaction with the "global West", but will also make it possible to "transcend" the problems that are currently holding back or even preventing the active development of all sectors of the economy and, importantly, all regions of India. It will be a renewal of the foundation of the Indian economy, on which a more efficient economy can already be built.


Title: Re: India is the new economic leader of global south. And replacement for China?...
Post by: Haunebu on December 28, 2023, 06:58:46 PM
I disagree op. China is imploding for sure thanks to their real estate crisis and other factors, but they are still way ahead of India in several key areas. Their productivity per labour is also higher in comparison.

India's GDP outpaced China's GDP recently and keeps growing slowly and steadily, but that by itself isn't enough to replace the current leader of Asia.


Title: Re: India is the new economic leader of global south. And replacement for China?...
Post by: DrBeer on December 28, 2023, 08:15:27 PM
I disagree op. China is imploding for sure thanks to their real estate crisis and other factors, but they are still way ahead of India in several key areas. Their productivity per labour is also higher in comparison.

India's GDP outpaced China's GDP recently and keeps growing slowly and steadily, but that by itself isn't enough to replace the current leader of Asia.


I'll repeat the 2 main arguments:
1. China's economy has become what it has become only because of Western investment and technology.
2. India is now the most potentially attractive destination for ... Western investment and Western technology, including the migration of high-tech industries from China.

Or to put it more simply, the migration of Western investment and technology from China to India will severely weaken and make the Chinese economy uncompetitive, and proportionately strengthen and make the Indian economy more competitive


Title: Re: India is the new economic leader of global south. And replacement for China?...
Post by: Haunebu on December 29, 2023, 01:41:26 PM
I'll repeat the 2 main arguments:
1. China's economy has become what it has become only because of Western investment and technology.
2. India is now the most potentially attractive destination for ... Western investment and Western technology, including the migration of high-tech industries from China.

Or to put it more simply, the migration of Western investment and technology from China to India will severely weaken and make the Chinese economy uncompetitive, and proportionately strengthen and make the Indian economy more competitive
Your points are 100% accurate and I do agree that India keeps moving forward while China keeps moving backward in several key areas, but they still have a lot of catching up to do if they wish to surpass China as the leader of Asia.

Name one place in India than can rival the likes of Shenzhen, Beijing etc currently. India would have already become the leader of Asia if their politicians would have stopped eating public money like crazy.


Title: Re: India is the new economic leader of global south. And replacement for China?...
Post by: WillyAp on December 29, 2023, 02:46:56 PM
I'll repeat the 2 main arguments:
1. China's economy has become what it has become only because of Western investment and technology.
2. India is now the most potentially attractive destination for ... Western investment and Western technology, including the migration of high-tech industries from China.

The problem with western tech together with investment is that no one cares about creating value other than money.


Title: Re: India is the new economic leader of global south. And replacement for China?...
Post by: Twentyonepaylots on December 29, 2023, 08:01:28 PM
I disagree op. China is imploding for sure thanks to their real estate crisis and other factors, but they are still way ahead of India in several key areas. Their productivity per labour is also higher in comparison.
Way too far for India to catch up. The population directly contributes to a country's economy, China and India is the first and second country on the list respectively, imagine you got potentially billions of manpower surely your economy will explode. China despite migrating tech companies, I think it is hard to surpass them in terms of economy.

India's GDP outpaced China's GDP recently and keeps growing slowly and steadily, but that by itself isn't enough to replace the current leader of Asia.
These countries are dynamic, I believe in slow and steady but China has been pumping their economy way far than we can imagine, they prepared for this era. India's potential economic growth is foreseaable, surpassing China in short term is possible as well but they need sustained efforts from every key areas.


Title: Re: India is the new economic leader of global south. And replacement for China?...
Post by: DrBeer on December 30, 2023, 05:53:23 PM
I'll repeat the 2 main arguments:
1. China's economy has become what it has become only because of Western investment and technology.
2. India is now the most potentially attractive destination for ... Western investment and Western technology, including the migration of high-tech industries from China.

Or to put it more simply, the migration of Western investment and technology from China to India will severely weaken and make the Chinese economy uncompetitive, and proportionately strengthen and make the Indian economy more competitive
Your points are 100% accurate and I do agree that India keeps moving forward while China keeps moving backward in several key areas, but they still have a lot of catching up to do if they wish to surpass China as the leader of Asia.

Name one place in India than can rival the likes of Shenzhen, Beijing etc currently. India would have already become the leader of Asia if their politicians would have stopped eating public money like crazy.

I absolutely agree that now in India there are no such technological areas as those built in China. But they did not appear in China overnight, and only at the request of the Chinese people. These have been decades of investment, construction, training,... I think that the modern world will definitely diversify the risks that it now has with China and distribute production to other countries. In general, the world after 2022 has realized that it is better to have stable, albeit more expensive, suppliers/manufacturers than one cheap and inadequate/unpredictable one. And in this scheme, India is an excellent alternative to China. Considering that this is the interest of the West, it no longer depends on China whether they will invest in China or place orders or not.


Title: Re: India is the new economic leader of global south. And replacement for China?...
Post by: Hispo on December 31, 2023, 01:33:38 AM
I disagree op. China is imploding for sure thanks to their real estate crisis and other factors, but they are still way ahead of India in several key areas. Their productivity per labour is also higher in comparison.

India's GDP outpaced China's GDP recently and keeps growing slowly and steadily, but that by itself isn't enough to replace the current leader of Asia.


I'll repeat the 2 main arguments:
1. China's economy has become what it has become only because of Western investment and technology.
2. India is now the most potentially attractive destination for ... Western investment and Western technology, including the migration of high-tech industries from China.

Or to put it more simply, the migration of Western investment and technology from China to India will severely weaken and make the Chinese economy uncompetitive, and proportionately strengthen and make the Indian economy more competitive

Though I agree with those points, there is still something which highly concerns me when I think of the developing of the market in India, that being the working conditions people of that country could face in order to carter the demand of manpower to manufacture products of high demand in the West, specially in the United States and the European Union.
I am not as unformed as I am supposed to be, because I have not dived myself into investigating about about labor in India, however I have read a little bit about how there is child slavery in that country as well as adults working in bad conditions and handling hazardous materials without proper protection.
In the worst case scenario, those investments and companies from abroad could prompt executives in India to further exploit the people of the country for the sake of maximizing profits, it would be nothing new, it has already happened in China but in India could be even worse.

In my opinion, foreign companies which move to India would be carefully monitored so they won't violate the safety and personal rights of local workers. It is already bad enough to have people in China working non-stop until they try to end their own life. It is disturbing there is still chil labor in those countries of Asia.


Title: Re: India is the new economic leader of global south. And replacement for China?...
Post by: tbterryboy on January 03, 2024, 04:35:03 PM
On this subject, the only thing I can say 100% guaranteed that plenty of companies are moving their manufacturing operations and that is all you need to know about it. India was already an amazing nation when it comes to technology and software, now they are getting their hands on manufacturing for technological companies like Apple for example. Imagine the amount of money that would help a country, by just building every single bit of apple product?

This is a single company, imagine more and more companies moving their operations there, and considering they are not a dictatorship neither, it is a lot less red tape and a lot more regular economy like in any other nation. This will definitely help any country, and I strongly agree that India is going be a 'perfect' replacement for China.


Title: Re: India is the new economic leader of global south. And replacement for China?...
Post by: WillyAp on January 03, 2024, 04:54:40 PM
On this subject, the only thing I can say 100% guaranteed that plenty of companies are moving their manufacturing operations and that is all you need to know about it. India was already an amazing nation when it comes to technology and software, now they are getting their hands on manufacturing for technological companies like Apple for example

Are you from India? Or do you get your input from reading about India?


Title: Re: India is the new economic leader of global south. And replacement for China?...
Post by: Tipstar on January 05, 2024, 02:38:27 AM
India can be the largest economy of the world and not only Asia if they did a few things right. India is in a better position than China to achieve it but there are many problems in India that needs to solve.
China too used to be a backward society with lack of regard for rules and huge unofficial economy. With the increase in earnings and strict policy and rules implementation from the Chinese government, they had been successful in bringing a huge population out of poverty and raise generations that are civilized.
India on the other hand even with increased earning has larger difference between the rich and poor and even though theirs increase in sense of pride, there has been slow increase in social morals.


Title: Re: India is the new economic leader of global south. And replacement for China?...
Post by: pinggoki on January 05, 2024, 04:19:16 AM
On this subject, the only thing I can say 100% guaranteed that plenty of companies are moving their manufacturing operations and that is all you need to know about it. India was already an amazing nation when it comes to technology and software, now they are getting their hands on manufacturing for technological companies like Apple for example. Imagine the amount of money that would help a country, by just building every single bit of apple product?

This is a single company, imagine more and more companies moving their operations there, and considering they are not a dictatorship neither, it is a lot less red tape and a lot more regular economy like in any other nation. This will definitely help any country, and I strongly agree that India is going be a 'perfect' replacement for China.
This has been the trend for a long time now and in business perspective this is actually a good thing because labor is cheaper in India right? There's also the fact that there are some parts of the country that's still doing child labor and slave labor so you can see how that's attractive to businesses, cheaper labor means more profit for them when they sell their products which is unlikely to see any kind of decrease in prices and it's also noteworthy that India doesn't have a population control policies so they're going to be flourishing in terms of population therefore an increase in workforce unlike with China where they're experiencing a population collapse right now.


Title: Re: India is the new economic leader of global south. And replacement for China?...
Post by: usekevin on January 05, 2024, 09:21:28 PM
India can be the largest economy of the world and not only Asia if they did a few things right. India is in a better position than China to achieve it but there are many problems in India that needs to solve.
China too used to be a backward society with lack of regard for rules and huge unofficial economy. With the increase in earnings and strict policy and rules implementation from the Chinese government, they had been successful in bringing a huge population out of poverty and raise generations that are civilized.
India on the other hand even with increased earning has larger difference between the rich and poor and even though theirs increase in sense of pride, there has been slow increase in social morals.


India had the same population compared to the China,but China had used his resources in the right way to achieve the goal of the strongest economy like US and Russia.China also from the Asia nation and it also under the colonialism like India.But they had come back with more powerful then India should be accepted one.China power is like to war against India by favouring of the Pakistan,this was the phenomenon of the Russia and United States.But with the economy this was happened.China also had the port in the Srilanka,which they get for the lease.If the China want to war against the Indian territory,this post is enough for them.But now India become friendly nation to both US and Russia was the reason for No War from the China.


Title: Re: India is the new economic leader of global south. And replacement for China?...
Post by: Funke on January 05, 2024, 09:24:51 PM
India is great in the International politics of history and ethno-regional studies due to its Political stability and peace despite being a multiple ethno-regional hegemony.

That aside, I do not believe that, India has the technological powers to replace China in that industry and market.

China has been in a cold war with the western bloc over supremacy competition for years which many scholars see as world war 3, India was not part of this technological struggle.

India is a strong world power and maintains dominance in the pharmaceutical sector as a result of the peoples' knowledge on healing powers of natural extracts, that does not translate to taking over the place of China.

China presently dominates the realm of global technology and this is made possible because of their large market. Africa forms the base of their largest market , most especially, Nigeria because we practice a free market system.

Production is not the only issue here but , the market determination and acceptance. Indian products , England products , American products, Finland and Switzerland products were predominant until China destroyed their markets and penetrated their market domination with their products through reduced price mechanisms.

Secondly, most western companies are penetrating the Chinese large market by having branches or moving their companies to China.

China is still conservative in their pharmaceutical sectors , if not , if Chinese adopts their traditional medicines and extracts and rebrand them into international market standards, they might take over India.

China does not only have tech power, they have some of the most effective medicines. 

It is actually difficult to take over the place of China in tech power. Another reason is because over the years , the country has moved into some powerful agreements with African countries, capitising on the economic hardship caused by the rise of the western currency on the global market, China has offered to accept their currency as a legal tender for International trade.

Nigeria as a country with International influence on the economy and politics of other African countries, has the ability to ensure the domination of the Chinese products in those countries. That is what has been happening.

Instead of taking loans from IMF and the world bank to advance their oppression, underdevelopment and neo-colonialism on Africans, China provides low interest loans to underdeveloped countries. This act strengthens International collaborations.



Title: Re: India is the new economic leader of global south. And replacement for China?...
Post by: DrBeer on January 07, 2024, 12:22:43 PM
India can be the largest economy of the world and not only Asia if they did a few things right. India is in a better position than China to achieve it but there are many problems in India that needs to solve.
China too used to be a backward society with lack of regard for rules and huge unofficial economy. With the increase in earnings and strict policy and rules implementation from the Chinese government, they had been successful in bringing a huge population out of poverty and raise generations that are civilized.
India on the other hand even with increased earning has larger difference between the rich and poor and even though theirs increase in sense of pride, there has been slow increase in social morals.


India had the same population compared to the China,but China had used his resources in the right way to achieve the goal of the strongest economy like US and Russia.China also from the Asia nation and it also under the colonialism like India.But they had come back with more powerful then India should be accepted one.China power is like to war against India by favouring of the Pakistan,this was the phenomenon of the Russia and United States.But with the economy this was happened.China also had the port in the Srilanka,which they get for the lease.If the China want to war against the Indian territory,this post is enough for them.But now India become friendly nation to both US and Russia was the reason for No War from the China.

Honestly - in the topic about large and strong economies, it is not clear why the word "Russia" sounds ? :) A third world country with a resource economy, a raw material appendage of both China and India (especially in the last 2 years), on which nothing depends, which does not influence anything because its "greatness" is about 1% of the world economy :)

PS The only thing it gives to the world is terrorism, destruction and total lies. Including about its greatness and "stable economy".

India today easily and effortlessly manipulates Russia as a real raw material appendage - it forces to sell oil cheaply, and in the end it pays not in dollars, which Russia demands, but in local rupees to reduce the inflationary burden. "Russia's economy" - what are you talking about?!  ;D


Title: Re: India is the new economic leader of global south. And replacement for China?...
Post by: WillyAp on January 07, 2024, 12:43:29 PM
How many in India living people are involved in this thread?
I mostly see outsiders, me included. 


Title: Re: India is the new economic leader of global south. And replacement for China?...
Post by: CODE200 on January 07, 2024, 01:43:46 PM
Are there articles that you can provide that is proving that China is surrendering control over politics and economics in the region? I'm really curious as to the reason why they're going to do that because the China that I've known is someone that's aggressive and will bully their neighbors to live how they are living and at the same time steal the money and territories of those neighboring countries so that's why I can't believe that China is going to be doing that surrender anytime soon, I'm happy for India though, they're a superpower nation in the making and I think leading the South Asia is the best thing to be a part of or even start of, I just hope that they're doing nicely with their neighbors as they've got a lot of issues with Pakistan and Bangladesh right?


Title: Re: India is the new economic leader of global south. And replacement for China?...
Post by: DrBeer on January 16, 2024, 06:25:11 AM
Are there articles that you can provide that is proving that China is surrendering control over politics and economics in the region? I'm really curious as to the reason why they're going to do that because the China that I've known is someone that's aggressive and will bully their neighbors to live how they are living and at the same time steal the money and territories of those neighboring countries so that's why I can't believe that China is going to be doing that surrender anytime soon, I'm happy for India though, they're a superpower nation in the making and I think leading the South Asia is the best thing to be a part of or even start of, I just hope that they're doing nicely with their neighbors as they've got a lot of issues with Pakistan and Bangladesh right?

You don't have to read the official statement of the Chinese Communist Party of China to realize that China is losing ground!

There are plenty of other reasons for this and more important ones:
- a huge bubble of problems in the local economy
- disruption of interaction with the "global West", which leads to the loss of Western markets for investment and access to technology
- Tightening of the political and internal order in the country
- unsuccessful attempts to save the yuan by all kinds of manipulations
- interaction with or assistance to rogue countries, and support for global agreements

Even this is enough to assess the situation


Title: Re: India is the new economic leader of global south. And replacement for China?...
Post by: DrBeer on January 22, 2024, 07:24:03 PM
India's economy and status briefly for the year 2023:
The year 2023 has been a good year for India. Western leaders gave an unprecedentedly warm welcome to Prime Minister Narendra Modi, and Russia offered New Delhi energy at unprecedentedly low prices. It seems that literally everyone wants to be friends with India: the country is both a member of the US-led Asia-Pacific Security Pact (AUKUS) and BRICS, which is dominated by China and Russia. It also managed to carry out a successful lunar mission for the first time this year. All this has a positive impact on the economy as well - if statistics are to be believed. International corporations are moving factories from China to India in an attempt to hedge against risks and diversify supply chains, and investors are rapidly buying up shares in Indian companies.


Title: Re: India is the new economic leader of global south. And replacement for China?...
Post by: lepbagong on February 03, 2024, 05:22:21 AM
India had the same population compared to the China,but China had used his resources in the right way to achieve the goal of the strongest economy like US and Russia.China also from the Asia nation and it also under the colonialism like India.But they had come back with more powerful then India should be accepted one.China power is like to war against India by favouring of the Pakistan,this was the phenomenon of the Russia and United States.But with the economy this was happened.China also had the port in the Srilanka,which they get for the lease.If the China want to war against the Indian territory,this post is enough for them.But now India become friendly nation to both US and Russia was the reason for No War from the China.
If the population were the same size, maybe now India will outnumber China because China seems to have been stricter about married couples having children in the past, unlike India, which I have never heard of.However, it must be acknowledged that India's strength in software development and innovation has begun to match China, so it is not surprising that many large manufacturers have set up factories there because of the cheap labor costs that can be obtained.But in terms of economics, I seem to agree that China is on par with the USA and Russia, and it still takes time for India to be able to match, but it is not impossible; it will be possible in the next few years; at least it can become a force to be reckoned with.But I don't think that there will be a conflict between China and India, because China also knows that India can certainly protect itself well because of renewable technology, which of course also needs to be taken into account.


Title: Re: India is the new economic leader of global south. And replacement for China?...
Post by: moneystery on February 03, 2024, 06:18:35 PM

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 becomes one of the poles of the world economy? in my opinion, it is still far away

india's economy is indeed on the rise, this is based on the increase in population which is increasing drastically from year to year, india is currently overtaking china in terms of human population, the principle is simple, the more population, the greater the economic turnover that occurs and this is what is currently happening in india.

from the results of googling that i did, the indian economy is currently the 9th largest in the world, this is quite high considering the population is so large and also that india is still classified as a developing country, slowly but surely the indian economy is starting to strengthen.


Title: Re: India is the new economic leader of global south. And replacement for China?...
Post by: WatChe on February 03, 2024, 06:39:53 PM
India's economy and status briefly for the year 2023:
The year 2023 has been a good year for India. Western leaders gave an unprecedentedly warm welcome to Prime Minister Narendra Modi, and Russia offered New Delhi energy at unprecedentedly low prices. It seems that literally everyone wants to be friends with India: the country is both a member of the US-led Asia-Pacific Security Pact (AUKUS) and BRICS, which is dominated by China and Russia. It also managed to carry out a successful lunar mission for the first time this year. All this has a positive impact on the economy as well - if statistics are to be believed. International corporations are moving factories from China to India in an attempt to hedge against risks and diversify supply chains, and investors are rapidly buying up shares in Indian companies.

India has good ties with Israel while also maintaining good relations with Arabs and Palestine. It also have good ties with both USA and Iran, there are many more such cases where India is maintaining balanced relations between two arch rivals. India foreign policy is clear that we will maintain good relations with everyone but we won't side with any one party. Indian economy is going good mainly because they have a political system which is very stable for last 75 years.   


Title: Re: India is the new economic leader of global south. And replacement for China?...
Post by: DrBeer on February 04, 2024, 12:53:07 PM

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 becomes one of the poles of the world economy? in my opinion, it is still far away

india's economy is indeed on the rise, this is based on the increase in population which is increasing drastically from year to year, india is currently overtaking china in terms of human population, the principle is simple, the more population, the greater the economic turnover that occurs and this is what is currently happening in india.

from the results of googling that i did, the indian economy is currently the 9th largest in the world, this is quite high considering the population is so large and also that india is still classified as a developing country, slowly but surely the indian economy is starting to strengthen.

I absolutely agree that this is not a question of, for example, the next year. But India is laying the foundation for this process. Perhaps the crisis in the Chinese economy will also accelerate the “migration” of investments to India. Now the situation depends not only on India but also on China - if China can stop the degradation of its economy and resume adequate relations with the West, it will be more difficult for India. And if China continues to do what it is doing, it will only benefit India.


Title: Re: India is the new economic leader of global south. And replacement for China?...
Post by: WillyAp on February 05, 2024, 09:26:53 PM
It would be great to hear from a local about the performance of the prime minister and his politics.
So far what gets thru is quite positive, Reducing bureaucracy is positive in my book. India can make good use of kind fleeing firms, fleeing from China. The rhetoric is still harsh.  


Title: Re: India is the new economic leader of global south. And replacement for China?...
Post by: DrBeer on February 05, 2024, 09:35:06 PM
It would be great to hear from a local about the performance of the prime minister and his politics.
So far what gets thru is quite positive, Reducing bureaucracy is positive in my book. India can make good use of kind fleeing firms, fleeing from China. The rhetoric is still harsh.  

Regarding the government in India, there is an interesting article with an interesting graph.

https://i.postimg.cc/h40gKbBL/2024-02-05-23-34-04-Modi-First-Scholz-Worst-Ranking-The -Approval-Ratings-Of-World-Leaders-Zero-He.png (https://postimages.org/)


Link to source of information:
https://www.zerohedge.com/geopolitical/modi-first-scholz-worst-ranking-approval-ratings-world-leaders

Forum participants, citizens of India, are asked to comment on this information


Title: Re: India is the new economic leader of global south. And replacement for China?...
Post by: franky1 on February 05, 2024, 09:59:53 PM
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 :))

india is global south.. china is global north

india's global south competition is africa and south american countries

china's global north competition is russia, europe, north america

(economic north-south is more of the tropic of cancer, not the equator)


Title: Re: India is the new economic leader of global south. And replacement for China?...
Post by: DrBeer on February 09, 2024, 05:30:50 PM
India is actively introducing new schemes for economic interaction! With such schemes, India can very quickly catch up with China, making money on...banana oil! Don't laugh, it's all serious here! :)

Russia began exchanging oil for Indian bananas
The Russian authorities are launching a “banana scheme” to solve the problem of trade imbalance with India, which increased oil purchases from Russia 11 times after the start of the war, but did not launch a return flow of goods into the Russian market.

How can the Chinese economy respond? :)


Title: Re: India is the new economic leader of global south. And replacement for China?...
Post by: tyz on February 09, 2024, 06:10:10 PM
How many in India living people are involved in this thread?
I mostly see outsiders, me included. 

Outsiders can usually see the situation better anyway, because otherwise you are too biased.



One way or another, India will become the economic powerhouse in Asia. China has reached its peak. The Chinese population is ageing massively and will decline in the coming years. With all the consequences that entails. India continues to grow and has a relatively young population. Many large corporations have also recently left China for India or Southeast Asia, partly because salaries have risen in China and partly to diversify away from the geopolitical threat.


Title: Re: India is the new economic leader of global south. And replacement for China?...
Post by: ScamViruS on February 09, 2024, 06:46:46 PM
It would be great to hear from a local about the performance of the prime minister and his politics.
So far what gets thru is quite positive, Reducing bureaucracy is positive in my book. India can make good use of kind fleeing firms, fleeing from China. The rhetoric is still harsh.  
Prime Minister of India has strengthened the image of the country and among the people of India. As China was building its influence, that's why needed a competent competitor to reduce that influence, and India is doing just that here. Companies like Apple have now set up their manufacturing units in India, reducing Apple's dependence on China. Because China has tough times ahead in the coming years, and India will take the most advantage of this space.

BJP's chances of victory in the next Indian elections are very high, because the way the current government has handled foreign affairs, they have been able to create expectations of a new India among the citizens of India. And if the BJP wins the elections, it will be more of a concern for China, because more companies will flee China and come to India for sure.


Title: Re: India is the new economic leader of global south. And replacement for China?...
Post by: DrBeer on February 12, 2024, 08:58:53 PM
And some more positive news from India:

"India is set to distance itself from its biggest arms supplier, amid Russia losing its ability to supply ammunition and spare parts for military hardware, after launching an invasion of Ukraine.
It is noted that the world's largest arms importer is slowly turning to the West as the United States seeks to strengthen its position in the Indo-Pacific region, hoping to contain China.
It is pointed out that over the past 20 years, India has spent about $60 billion for arms purchases and more than 65% of the supplies were provided by the Russian Federation. However, Russia's full-scale invasion of Ukraine has forced it to look for other options for defense cooperation."

And there are some excellent points here:
1. India will not be an indirect sponsor of the Russian military-industrial complex
2. India has already been "burned" by contracts with Russia (development of helicopter, airplanes and other weapons), and does not want to take any more risks due to non-fulfillment of contract terms by the Russian side.
3. The simple purchase of arms from Russia gave nothing but costs and dependence.
4. The West offers joint production of weapons, which means access to technology, new production, new jobs and new taxes to the state treasury!


Title: Re: India is the new economic leader of global south. And replacement for China?...
Post by: tyz on February 14, 2024, 09:11:54 PM
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 :))

india is global south.. china is global north

india's global south competition is africa and south american countries

china's global north competition is russia, europe, north america

(economic north-south is more of the tropic of cancer, not the equator)

According to Wikipedia [1] China belongs to the global south. I don't really like the idea of global north and global south because the terms North and South are completely absurd in this context. By this definition, Australia and New Zealand also belong to the North.

[1] https://en.wikipedia.org/wiki/Global_North_and_Global_South


Title: Re: India is the new economic leader of global south. And replacement for China?...
Post by: Promocodeudo on February 15, 2024, 08:29:09 AM
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.

I can only say that India is trying but in terms of surpassing or replacing china in terms of economic growth or development and technology advancement that is almost impossible for them, China has all it takes in terms of standing as a sovereign nation, their production capacity is very enormous and they are not ready to be controlled by any western decision, the have really moved away from such control for a long time, India is still growing if may say, they can can be controlled, it will take them much time to reach china level, despite that their economy is becoming strong, there is something I value about China and that's trying as much as possible to be totally independent in everything, they don't want any nations aid so that it won't be used against them, so everything is made in china for China and people that needs China's services.


Title: Re: India is the new economic leader of global south. And replacement for China?...
Post by: DrBeer on February 19, 2024, 10:38:30 PM
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.

I can only say that India is trying but in terms of surpassing or replacing china in terms of economic growth or development and technology advancement that is almost impossible for them, China has all it takes in terms of standing as a sovereign nation, their production capacity is very enormous and they are not ready to be controlled by any western decision, the have really moved away from such control for a long time, India is still growing if may say, they can can be controlled, it will take them much time to reach china level, despite that their economy is becoming strong, there is something I value about China and that's trying as much as possible to be totally independent in everything, they don't want any nations aid so that it won't be used against them, so everything is made in china for China and people that needs China's services.

I have to disappoint you very much....
China is heavily dependent on the Western world. Just a couple of dependency examples:
- Sales markets. The most profitable markets (ready to buy expensive Chinese goods) are Western markets. African countries or North Korea will not buy expensive goods en masse.
- Technologies. This has already been discussed many times. China was built and fights at the expense of Western technologies, I won’t say that the entire economy, but a significant part. But most of what China supposedly “invented itself” is illegally borrowed technology, violation of patents, copyrights, and so on.
- Education. Not without reason, after China began to strain relations, one of the first “quiet” moves of the West was what? A ban on the education of Chinese citizens in higher education institutions of high technology, and restriction of access of Chinese citizens to high-tech projects in Western countries. This started during the Trump era, you can easily find information


Title: Re: India is the new economic leader of global south. And replacement for China?...
Post by: Sithara007 on February 20, 2024, 06:21:58 AM
I have to disappoint you very much....
China is heavily dependent on the Western world. Just a couple of dependency examples:
- Sales markets. The most profitable markets (ready to buy expensive Chinese goods) are Western markets. African countries or North Korea will not buy expensive goods en masse.
- Technologies. This has already been discussed many times. China was built and fights at the expense of Western technologies, I won’t say that the entire economy, but a significant part. But most of what China supposedly “invented itself” is illegally borrowed technology, violation of patents, copyrights, and so on.
- Education. Not without reason, after China began to strain relations, one of the first “quiet” moves of the West was what? A ban on the education of Chinese citizens in higher education institutions of high technology, and restriction of access of Chinese citizens to high-tech projects in Western countries. This started during the Trump era, you can easily find information

And how much impact all of this will have on China? They are in due course to overtake the United States as the largest economy in the world, in some time. And don't think that Western nations are the sole importers of luxury goods. Wealth creation is accelerating in other parts of the world, including middle-east and Latin America. And luxury goods represent only a small fraction of the overall Chinese exports. And now coming to education, I haven't seen any large drop in the number of Chinese students studying in western nations.


Title: Re: India is the new economic leader of global south. And replacement for China?...
Post by: DrBeer on February 21, 2024, 11:11:22 AM
I have to disappoint you very much....
China is heavily dependent on the Western world. Just a couple of dependency examples:
- Sales markets. The most profitable markets (ready to buy expensive Chinese goods) are Western markets. African countries or North Korea will not buy expensive goods en masse.
- Technologies. This has already been discussed many times. China was built and fights at the expense of Western technologies, I won’t say that the entire economy, but a significant part. But most of what China supposedly “invented itself” is illegally borrowed technology, violation of patents, copyrights, and so on.
- Education. Not without reason, after China began to strain relations, one of the first “quiet” moves of the West was what? A ban on the education of Chinese citizens in higher education institutions of high technology, and restriction of access of Chinese citizens to high-tech projects in Western countries. This started during the Trump era, you can easily find information

And how much impact all of this will have on China? They are in due course to overtake the United States as the largest economy in the world, in some time. And don't think that Western nations are the sole importers of luxury goods. Wealth creation is accelerating in other parts of the world, including middle-east and Latin America. And luxury goods represent only a small fraction of the overall Chinese exports. And now coming to education, I haven't seen any large drop in the number of Chinese students studying in western nations.

Do you really not understand what impact these indicators can have on the economy? Are you seriously ? :)

Then I’ll just give some “results” of the Chinese economy - China’s economic growth in 2022 was one of the worst in history. More precisely, it talks about the period from the 90s.

The stock market is heading into the abyss and requires huge injections. The real estate market burst and pulled entire industries with it. The state can no longer save him...

Read the news about the state of the Chinese economy, and suggest the reasons for what is happening, if the above problem areas, in your opinion, have nothing to do with this?




China’s 40-Year Boom Is Over. What Comes Next?
The economic model that took the country from poverty to great-power status seems broken, and everywhere are signs of distress
https://www.wsj.com/world/china/china-economy-debt-slowdown-recession-622a3be4


Title: Re: India is the new economic leader of global south. And replacement for China?...
Post by: WillyAp on February 21, 2024, 02:23:21 PM
Read the news about the state of the Chinese economy, and suggest the reasons for what is happening, if the above problem areas, in your opinion, have nothing to do with this?


What sources do you use, how reliable ist the news from China?
Many of those news are not sources in China, the fetch them from people who are not journalists.


Title: Re: India is the new economic leader of global south. And replacement for China?...
Post by: DrBeer on February 21, 2024, 07:49:07 PM
Read the news about the state of the Chinese economy, and suggest the reasons for what is happening, if the above problem areas, in your opinion, have nothing to do with this?


What sources do you use, how reliable ist the news from China?
Many of those news are not sources in China, the fetch them from people who are not journalists.


1. using open sources, world economic publications and internationally recognized media outlets
2. Reading Chinese media is like reading Russian media :) Although Chinese media does not have 100 false propaganda yet. There's just total state control over Chinese media. Can you name me an INDEPENDENT, alternative media in China ?

Or here's the simplest question - provide links to Chinese media where the problems and extent of the Evergrande crisis were regularly discussed ? :)


Title: Re: India is the new economic leader of global south. And replacement for China?...
Post by: Fortify on February 21, 2024, 09:08:59 PM
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" ?


India is going to do very well in the upcoming years because Xi Jinping is getting very confrontational and going back on a lot of freedoms that China had opened up before he came along. At the end of the day China does not allow any sort of reasonable foreign ownership and all large Chinese companies are effectively dominated by the CCP. This was fine when they were taking a light touch approach, but they are trying to pull it back to a more centralized approach which has been disastrous in their history and it appears the current leadership have not learned. Dynamic economies are where original ideas are spawned because people are allowed to make mistakes, but when mistakes are harshly punished then people stop taking chances on new ideas.


Title: Re: India is the new economic leader of global south. And replacement for China?...
Post by: WillyAp on February 21, 2024, 09:37:46 PM
Or here's the simplest question - provide links to Chinese media where the problems and extent of the Evergrande crisis were regularly discussed ? :)

Such as you will most likely find here:
https://en.wikipedia.org/wiki/Mass_media_in_China

Are here no chinese members?

https://www.ft.com/content/3f6575a5-048c-411d-8103-162d4b27fcbb

You most likely have to use archieve or any other site collecting media data. 


Title: Re: India is the new economic leader of global south. And replacement for China?...
Post by: DrBeer on February 22, 2024, 08:41:52 AM
Or here's the simplest question - provide links to Chinese media where the problems and extent of the Evergrande crisis were regularly discussed ? :)

Such as you will most likely find here:
https://en.wikipedia.org/wiki/Mass_media_in_China

Are here no chinese members?

https://www.ft.com/content/3f6575a5-048c-411d-8103-162d4b27fcbb

You most likely have to use archieve or any other site collecting media data. 

Thank you. Did you read what it says?

Read it carefully:
- China has the largest number of internet users in the world, at least as of 2022. [44] : 105 The Internet in China is heavily censored, limiting public access to international media and unauthorized Chinese media outlets

- Satellite receivers are managed by the National Radio and Television Administration, which stipulates that foreign satellite TV channels can only be received in expensive hotels and in foreigners' homes and workplaces. Foreign satellite TV channels can seek permission to broadcast, but must be "China-friendly." Foreign TV news channels are theoretically not allowed to be distributed in China.

- Citizen journalists face many consequences when uncovering the truth and reaching domestic and global audiences...

And thanks again - you confirmed what I said - Chinese media, are total state controlled "broadcasters of wonderful information about the daily successes of the party" but not about the real picture.


Title: Re: India is the new economic leader of global south. And replacement for China?...
Post by: WillyAp on February 23, 2024, 07:27:44 PM

Thank you. Did you read what it says?


Absolutely, here its free to read: https://archive.is/20211023225720/https://www.ft.com/content/3f6575a5-048c-411d-8103-162d4b27fcbb

I read all I use as source otherwise it wouldn't be a source :)
Youtube could be a medium for bista and pieces for the interested on the topic India and China.


Title: Re: India is the new economic leader of global south. And replacement for China?...
Post by: Casdinyard on February 26, 2024, 11:12:26 AM
The thing is that just like China, the Indian population is primarily comprised of untilled lands and undeveloped city-scapes, but that was 10 years ago, and as of now China has developed their country to become one of the fastest producing countries in the planet, so much so that the "made in china" tag has been a staple for a lot of our products over the years. Catching up to that is going to be a little difficult considering the fact that the Indian population's still pretty much underdeveloped, let's be real here.

India's on its way though, I've seen news about them pushing for even more commercialization and urbanization of some of their territories to offer prime real estate and Indians are on the way to become one of the most efficient workforce components as of date, in some cases they even body some of your local employees in their specializations. Ever heard of how efficient indians are at cold-calling and call-center experience?

Only problem at this point is the mismanagement that some companies in the Indian peninsula is performing against their employees, which in turn forces these efficient workers to either move out of the country or resort to a life of scamming and crime, not to mention the deep-seated roots of caste and prejudice within the country which stops people from working hand-in-hand to develop the country's economic sector. Once that's taken care of (and honestly have their insights about hygiene be kept on check as well) I can see India becoming a more favorable country to outsource workers and products to. 


Title: Re: India is the new economic leader of global south. And replacement for China?...
Post by: Bobrox on February 26, 2024, 11:48:30 AM
India has to improve several important sectors if it wants to become the leader of the global south or replace China. The manufacturing sector and the education sector and even the law are still very unsupportive for India to replace China which has a fairly good position on all factors. The most important with education qualities drastically difference between India and China.
I don't sure how many decade need by India to reach the same level with China has made quite good progress in all factors, including education, law and even economic conditions.
I think the only one advantage or possibility for India to compete China about the total population and every years the population increases every year without being accompanied by better economic conditions.


Title: Re: India is the new economic leader of global south. And replacement for China?...
Post by: WillyAp on February 26, 2024, 02:59:31 PM
Higher wages would have an inmediate effect on the city's housing.
Higher wages made the USA/EU what they live off today.
Higher wages create an in-country consumerbase.
 


Title: Re: India is the new economic leader of global south. And replacement for China?...
Post by: DrBeer on February 26, 2024, 08:50:56 PM
The thing is that just like China, the Indian population is primarily comprised of untilled lands and undeveloped city-scapes, but that was 10 years ago, and as of now China has developed their country to become one of the fastest producing countries in the planet, so much so that the "made in china" tag has been a staple for a lot of our products over the years. Catching up to that is going to be a little difficult considering the fact that the Indian population's still pretty much underdeveloped, let's be real here.

India's on its way though, I've seen news about them pushing for even more commercialization and urbanization of some of their territories to offer prime real estate and Indians are on the way to become one of the most efficient workforce components as of date, in some cases they even body some of your local employees in their specializations. Ever heard of how efficient indians are at cold-calling and call-center experience?

Only problem at this point is the mismanagement that some companies in the Indian peninsula is performing against their employees, which in turn forces these efficient workers to either move out of the country or resort to a life of scamming and crime, not to mention the deep-seated roots of caste and prejudice within the country which stops people from working hand-in-hand to develop the country's economic sector. Once that's taken care of (and honestly have their insights about hygiene be kept on check as well) I can see India becoming a more favorable country to outsource workers and products to. 

Western investments will be a good "magic wand" that will help to find compromise solutions for the problematic points you described. After the arrival of investment, the interests will shift from "caste differences" to the area of "let's build and earn together". Caste is caste, but the possibility of earning more and faster is a good motivator to forget about strife and contradictions.
Moreover, the people of India, by the example of China, see how REALLY and GLOBALLY it is possible to change their country for the better. And it is provided that China started this transfomation from the state of an agrarian country of the third world, and India now has a much better "foundation"!


Title: Re: India is the new economic leader of global south. And replacement for China?...
Post by: DrBeer on March 16, 2024, 03:11:38 PM
And here is the first, really unpleasant news for China:

The Indian government has launched a $15 billion project to build three factories to produce semiconductor integrated circuits.
This was reported by Hindustan Times with reference to the words of Indian Prime Minister Narendra Modi.
Tata Electronics Private Limited is expected to build a chip factory in the western state of Gujarat, which will be the country's first semiconductor manufacturing facility.
Another company from the same industrial group will build a semiconductor assembly and testing plant in the northeastern state of Assam.
Another plant where chips will be assembled and tested will be created by the Indian electrical equipment manufacturer CG Power and Industrial Solutions Limited in the state of Gujarat.
The Indian government estimates that the total investment in the three projects will be more than 1.25 trillion rupees, or about $15 billion.

The monopoly on the production of mass chips is beginning to slip away from China's hands....


Title: Re: India is the new economic leader of global south. And replacement for China?...
Post by: Cryptomultiplier on March 16, 2024, 09:14:59 PM
A lot has really been happening between these two countries, India and China and it borders around power, and economy.

The BRICS countries is one particular interest that has bound these two countries together and if they are to make it work, both countries may have to trade and that means that whatever it is that India is working on, the Chinese will get a fair share and at a cheaper price if all things remain equal.
I don't doubt that both countries can work together and benefit from each other but recently in the news there was report of tensions brewing between both countries and the live surface to air missile test fire exercise carried out by the Chinese military didn't do well to ease the tensions rising.


Title: Re: India is the new economic leader of global south. And replacement for China?...
Post by: DrBeer on March 20, 2024, 09:19:10 AM
A lot has really been happening between these two countries, India and China and it borders around power, and economy.

The BRICS countries is one particular interest that has bound these two countries together and if they are to make it work, both countries may have to trade and that means that whatever it is that India is working on, the Chinese will get a fair share and at a cheaper price if all things remain equal.
I don't doubt that both countries can work together and benefit from each other but recently in the news there was report of tensions brewing between both countries and the live surface to air missile test fire exercise carried out by the Chinese military didn't do well to ease the tensions rising.

The fact is that China is losing hegemony, losing ties and mutually beneficial relationships with the west, its economy is collapsing, and it is reverting back to totalitarianism. And China is well aware that all its shortcomings are at India's disadvantage. India is the second strongest economy in the region, and a country with high potential for development and good prospects. China has nothing to oppose India except aggression and an attempt to distract the people of China from China's real problems by conflict with India. War is one of the tools of totalitarian regimes to distract their population from their real problems and restrict their rights and freedoms. So I am not very surprised by what is happening.


Title: Re: India is the new economic leader of global south. And replacement for China?...
Post by: Zanab247 on March 29, 2024, 11:21:58 AM
Quote from: Bobrox
India has to improve several important sectors if it wants to become the leader of the global south or replace China. The manufacturing sector and the education sector and even the law are still very unsupportive for India to replace China which has a fairly good position on all factors. The most important with education qualities drastically difference between India and China.
it will take India some years before they will start improving to replace China because they are still using their old economic policy which is still affecting their investors not to continue maintaining their quality products they where producing in the past when they have potential leaders.

Quote
I don't sure how many decade need by India to reach the same level with China has made quite good progress in all factors, including education, law and even economic conditions.
I think the only one advantage or possibility for India to compete China about the total population and every years the population increases every year without being accompanied by better economic conditions.
If India can work on their leaders to change some of the things that is not making manufacturers in their country not to progress like other manufacturers that is getting more support from their government financially and materially to progress and to enable them to spread their products all over the world and, I believe it will surely make India to explode in quality and quantities products more than China in the nearest future.


Title: Re: India is the new economic leader of global south. And replacement for China?...
Post by: WillyAp on March 29, 2024, 12:20:56 PM
If India can work on their leaders to change some of the things that is not making manufacturers in their country not to progress like other manufacturers that is getting more support from their government financially and materially to progress and to enable them to spread their products all over the world and, I believe it will surely make India to explode in quality and quantities products more than China in the nearest future.

We both know that that won't happen in any country.
Reason being politicians who plainly lie.

Education is the key to advance as a country, not productions.