World Bank has already predicted that by 2024, China will surpass the US in GDP growth. And India will be close third.
The US is visibly concerned. It has dropped its traditional ally Pakistan and is closing up to India to tackle China. The Quad, where the US has roped in Japan, Australia and India is being pushed to become a 'military' treaty to tackle China's domination in the South China Sea, Indian Ocean and the Pacific. But India is reluctant to turn Quad into a military alliance and it was made amply clear in the recent G20 meeting where India announced that Quad is a trade and social welfare treaty. This, in spite of China describing Quad as an 'eastern NATO'.
Denne historien er fra May 1 - 31, 2023-utgaven av BUSINESS ECONOMICS.
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Denne historien er fra May 1 - 31, 2023-utgaven av BUSINESS ECONOMICS.
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Elections 2024: Illusion & Reality
Whenever there is an election, we find the politicians speaking in hyperboles – and possibly, 2024 Lok Sabha has reached a crest.
Government initiatives aim to bolster rubber cultivation and innovation
Rubber tree plantation has seen significant growth in India, thanks to robust government oversight and favorable weather conditions.
Macron speaks on Europe's economic fragility
Many heads of state often speak on topics over which they have little control or vested interest.
Indian industries stand to benefit in raising of tariff on Chinese imports to the US
A delicate balance of power and influence exists between the United States of America and China.
Chabahar Port Agreement: Part of India's strategic and economic vision for Central Asia and Europe
On May 13, India and Iran signed a 10-year contract to operate the Chabahar port in Iran.
It is quite incredible to see things of interest happen with the blessings of the divine trio
Swamiji once said, “The wind of divine grace is always blowing. You just need to spread your sail.
The battle for sustainability: Earth Day's message of 'Planet vs. Plastics
World Earth Day, observed annually on April 22 worldwide, commemorates contemporary environmental advancements and promotes awareness of the imperative to conserve Earth and its resources.
Mother Teresa International Award 2024: Celebrating Humanity and Service
The Mother Teresa International Award, a prestigious honor recognizing individuals dedicated to serving humanity, will host its 2024 ceremony in Dubai, United Arab Emirates.
Can India get out of the middle income trap?
In the mid-1980s, international financial institutions moved away from calling their member countries as poor and rich countries, or as developed and less developed countries.
How is India's falling household savings rate worrisome for its development?
There has been a sharp reduction in the household net financial savings rate in 2022-23, leading to an overall decline in the financial savings rate.
