LIVE: India to Replace China as Driver of Global Economic Growth by 2028 | Vantage with Palki Sharma
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Published 2024-04-10
India is set to replace China as the driver of global growth by 2028 according to a new report. Two factors are mainly driving this change - China's falling growth and India's booming economy. Data shows that China's debt could reach to 61 percent by the end of 2024, further constraining its growth potential. Beijing has been struggling to retain its foreign investors amid a rapid economic downgrade. India, on the other hand, has seen substantial growth - opening its doors to international investors including Apple. Reports show that Apple now makes as much as 14% of its marquee devices from India. This growth momentum, however, comes with its challenges. Can India surpass China to become Asia's economic backbone? Palki Sharma tells you on Vantage.
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India | China | Global Growth | Economic Boom | Apple | Investors | Asia | Firstpost | World News | News Live | Vantage | Palki Sharma | News
#india #china #economy #globalgrowth #economicboost #apple #investors #asia #firstpost #vantageonfirstpost #palkisharma #worldnews
Vantage is a ground-breaking news, opinions, and current affairs show from Firstpost. Catering to a global audience, Vantage covers the biggest news stories from a 360-degree perspective, giving viewers a chance to assess the impact of world events through a uniquely Indian lens.
The show is anchored by Palki Sharma, Managing Editor, Firstpost.
By breaking stereotypes, Vantage aims to challenge conventional wisdom and present an alternative view on global affairs, defying the norm and opening the door to new perspectives. The show goes beyond the headlines to uncover the hidden stories – making Vantage a destination for thought-provoking ideas.
Vantage airs Monday to Friday at 9 PM IST on Firstpost across all leading platforms.
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All Comments (21)
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India has sweet and big dreams
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In Sweden we have had ”the India shop” since the 1970ies. It has sold garments, brass things, ceramics, leather products, paper craft and much more. To most of us here those products represent India. Of course there are a blooming software industry but it is not visible to the public. My prejudice about India is that it is very advanced theoretically but not so much in practice. Maybe a new operating system from India that is better than Windows? Would the US like that?
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Yes. Talking about iPhone and where most of them are made? Still China and where most of iPhone part are made? Also in China.
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I am an american and thiis is best channel for world News of we people doesn agree with our govemmenti
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Palki - Please provide complete comparison for example - When you are providing China's debt to GDP Ratio, love to have seen India's debt to GDP Ratio.
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When will India be able to make every single component domestically like China that is inside a DJI drone, Bambu Lab 3D printer, Huawei foldable phone, Xiaomi 150 inch laser projector, BYD EV, BYD blade batteries, High speed train, hydro dam generators, cargo ships diesel engines, helicopter engines, jet engines, lithography machines, IC chips, memory chips, motherboard component assembly machines, RISC-V chips, 8 axis CNC machines, deep tunnel drilling machines, and etc.. Aspirations are great, but managing reality is equally important. Talking/debates are good, but actual work done is the most important of them all. So realistically at what stage does India believe it is in right now? And how many decades does India think it needs to reach china’s manufacturing and R&D level? This is assuming China halts 100%, and make zero effort to improve in the time India plays catch up.
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As Indian we have the brains and resources but when it comes to disciplines n determinations it's here we cannot guarantee to overtakeS .
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81 years old but very strong and tough Good night. From Sierra Leone.
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One thing is fascinating about INDIA, They have big dreams??
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This is what they said back in 2008 for 2020. 😂😂
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Made in India is much better than Made in China—Hero bikes, roads,
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apple assemble not manufacture in india
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Please mention the date of reporting for us to know. Thanks.
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6:30 Federalism as a driver of growth, if managed well - wow! I know, from the get-go of drafting Constitution, India was afraid and preferred the use of 'union' to 'federalsim', but actually practicing the latter India has a lot to offer the Global South, not so much China!
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The only way to assure India continued economic growth is to tackle its pollution problem. It should follow Norways example in the construction industry. Then explore alternatives to crop burning. Heavily subsidize like Norway to replace ICE vehicles with EVs.
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I american you brillant at reporting about china and India.
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The next target of the US
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When foreign surveys show India in positive light, it’s all celebrated. But when same surveys show India in the bottom in happiness, hunger index etc. they are dissed. Hypocritical much
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It simply implies that there's absolutely no cure on jealousy.
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Time is not money human is money.
