I was talking about GDP, GDP per capita but yeah in some aspects it‘s quite slow because of its political system.
Trump 2.0 official thread
- Thread starter siegecrossbow
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As I've always said, India has broken free from that vicious cycle of chaotic and disorderly development. Now India can even rely solely on its domestic market to achieve industrialization and urbanization, let alone the fact that it is rapidly absorbing international capital from Europe, the United States, and Asia. The snowball of economic growth has already begun rolling, and compared to China, it's merely a matter of pace—it may be slower.
Given this reality, it is crucial for China to maintain a sufficiently large manufacturing base. Manufacturing is a highly competitive sector with limited global demand. If China grows stronger, other nations inevitably weaken. Should India's manufacturing sector expand at an extremely rapid pace, China's manufacturing industry would also face significant threats.
India can certainly be forced to fall into a middle income trap. They don't have the industrial fundamentals that east Asian countries built as they developed. India instead grew similar to Latin American countries.
They imported too much. Overconsumed too much.
So, there is a strong chance India will naturally fall into a middle income trap and stop growing. China and US can make that happen faster.
Which solidifies my point even more. I find it funny that some members here don't recognise that a nuclear unpredictable north korea is a long term threat to China herself, luckily Chinese leaders are not as naive as some members here since China recognises this threat hence the sanctions they placed on north korea agaibst their nuclear program. . In fact the only common interest the US and China share in asia is a denuclurised North Korea, and there is a good reason for that.
Anyway, will be interesting to see what happens when the kim dynasty in korea collapses one day. I will like to see how Cbina will manage the fall out. Because the current status quo is not sustaniable for too long. Especially not for the common north korean person(which to be honest, i feel sad for).
So you didn't get my point as well. I asked you if you think China doesn't recognise the reason you made for north Korea developing nukes. So you think Chinese leaders dont know about what you just said? So if they knew all this why are they still avainst north Korea developing nukes to the point they joined the US to placed sanctions on N. Korea to stop their nuclear weapons programs?
Or are you saying China and the US have been unfair to N.Korea? Lol Dude life is not a fairy tale, where we have to victimise for eternity..do you think North korea is the only country to have had a sad history? Lol. China had an even more tragic one as well, but that doesnt means China will keep victimising herself and stopping herself from moving on. Japan committed even more atrous crimes in China but china moved on and even established relations and ties with Japan later on and allowed massive japanese investment and economic cooperation which continues to this day . Using North korean logic China shouldnt have done any of that and woulf have kept a hostile isolationist relationship relation , we have to be realistic in life. Vietnam went through similar if not even worse attrocities compared to North Korea, but the communist regime in Vietnam after isloating and victimising herself for a long time finally understandood they had to move one, open up and reform and join the modern world and even nornalised relations with the US(their former arch enemy). In life you jave to learn to move on and just learn from the past. Pyongyang is still living in the past, they never moved on. Shows the rgeime is insecured, scared and paranoid about everything and everybody. Lol cant keep blaming everybody but themselves. If laying blame and injustice was the norm of development and change in world then africa (who has the most tragic history) would be/shoule be the most developed or open country today giving all the unjustices they suffered and are still suffering. However life is not like that.
Unlike other nations trapped in the middle-income trap, India possesses massive domestic demand. It can easily block imports and rely entirely on domestic manufacturing. Despite inferior quality and high prices, Indians have no alternative—and this poses little real problem. After all, people in the Third World, just like those in the First World, must live and consume. With a population exceeding 1.6 billion, India is poised to develop a massive manufacturing base akin to China's economies of scale. Many nations that deindustrialized prematurely did so precisely because their populations were too small to achieve such scale. India, however, stands apart from these countries.
Domestic demand from who? Slum dwellers in cities and 65% population living in villages working as farm workers? Sounds very similar to Latin America and other middle-income trapped countries.
India is a massive bubble where terrible startup companies have higher valuation than some huge Chinese tech companies with global reach. Once that bubble bursts, which is likely to happen after Trumps trade attack, India's GDP will not look so rosy anymore.
Poor countries like this usually lose their GDP once their currency starts losing value. The Rupee keeps losing value every single year. It doesn't matter how much India grows if Rupee falls massively and all the GDP growth vanishes due to fall of currency.
These rural populations represent the untapped growth potential of India's economy. Their sons and grandsons will migrate to cities to become middle-to-high-income citizens. When we say someone has low academic performance, it also implies enormous room for improvement—much like India's rural "non-economic" population. As India attracts foreign investment, builds roads and bridges, and expands manufacturing and services, more people will move from villages to cities to take on jobs similar to those held by the Chinese people two decades ago.
Additionally, regarding currency depreciation, for a nation reliant on manufacturing exports, a weaker currency actually translates to increased profits in certain manufacturing sectors and enhanced competitiveness. This makes establishing local manufacturing bases relatively cost-effective. We know India's manufacturing exports currently lack competitiveness, but just as China did in the past, as factories upgrade, Indian product quality will improve. Eventually, it may gain solid global competitiveness. By then, it will be too late to try to curb India's accelerating export growth.
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When I was a kid in 2008, I heard similar statements about China in the west. „Trust me bro, it could collapse any minute from now“, „China is a pressure cooker waiting to explode“, „they are all peasants working in sweat shops“ etc. Look at where it is now. Things change fast.