Post
Topic
Board Economics
Re: COVID AND INDIAN ECONOMY
by
teosanru
on 08/07/2020, 08:16:35 UTC
India and Brazil are suffering from this pandemic because they have witnessed an increase in the number of casualties after failing to contain the matter with the aggravation of economic hardship.
Things will increase, whether this world, but the Chinese economy is strong and may recover in the coming years, or it may witness a limited contraction for several years and then prosperity will occur.
Year and next year will be difficult, the Indian people need to survive and strength.

Many countries see China succeeding in counter corona and developing its economy, but do not want to follow or imitate what China has done to get to that point. If imitating is the key to success why don't we duplicate it. No need to be ashamed of being labeled as an imitating nation, if the results are real progress and growth. China was originally considered an imitation country and is known for producing low quality cheap goods. But China metamorphosis, from a copycat country to a modifying country and now an innovative country.

Brazil and India are countries that are more inclined towards America than China. Although India and China are geographically large and densely populated, and explicitly positioned as the two fastest-growing large economies, China and India are on different paths of economic growth. China came forward while India lost power in the region. India is in the stage of wanting to become a democratic and smaller version of China. India missteps if it wants to compete with China in terms of trade, market penetration, military strength. Instead, India must approach the weaknesses of China that can be exploited by India to weaken China.
I think strength of China is the lack of politics in the country. As it being a straightforward communist state government isn't answerable to anyone for any of it's step. This makes the process much speedier considering you get appropriate Presidents. While Indian Government isn't the same. You can see political agenda in almost every decision. Similarly they have to face criticism by opposition too for doing so. This makes implantation of decisions much more difficult. Moreover I have seen numerous times the top ministers wasting their times in political rallies which really should be banned completely. This is the biggest hurdle that India has. Moreover inclination towards USA is obvious as China doesn't has a very good image of maintaining border peace with India. India earlier had that greater inclination towards USSR and Russia but that seems to fade now. It at least looks like today India trust USA more than Russia. But for competing with China, India should first realize their current position and then move towards the economic growth from base zero. But the government here is too shy to showcase any demerits of the country. These days it seems to me that India is moving backwards in terms of development.