India is the new economic leader of global south. And replacement for China?...

[slapper]

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.

[1714876971]

1714876971

[1714876971]

1714876971

[1714876971]

1714876971

[1714876971]

1714876971

[1714876971]

1714876971

[DrBeer]

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

[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.

[dezoel]

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.

[arimamib]

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.

[suzanne5223]

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.

[Freddie Boyer]

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.

[so98nn]

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!

[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.

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.

[Juse14]

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..?

[DrBeer]

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 !

[Fortify]

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.

[topbitcoin]

~

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.

[DVlog]

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.

[arallmuus]

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

[DrBeer]

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.

[Plaguedeath]

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.

[Hispo]

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.

[DrBeer]

....
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.

[Sithara007]

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.