Blogattic

BLOGATTIC

HOME / SINGLE POST

BLOG POST

Will India Surpass China? 2023

Share This Post

Will India Surpass China

Will India Surpass China?

India’s future is like China’s past. This is what Morgan Stanley, one of the world’s leading financial firms, has to say about India’s growth. You see, India and China had similar GDP in 1990, but in the last 30 years, it has grown almost five times that of India. India’s future is like China’s past.
This is what Morgan Stanley,
one of the world’s leading financial firms, has to say about India’s growth.
You see, India and China had similar GDP
in 1990, but in the last 30 years, it has grown almost five times that of India.
Now, India is set for similar growth.
According to this report, Will India Surpass China? China’s GDP growth will likely be around
3.9% for the rest of this decade, compared to India’s 6.5%, almost double.
Secondly, India’s household debt to GDP is just compared to China’s 48%.
It basically means that 48% of Chinese Will India Surpass China. household consumption is fueled by debt, compared to only 19% in India.
Finally, India has been upgraded to the number one spot in the list of emerging markets in Asia, saying that India is arguably at the start of a long wave boom at the same time as China and so on. What other factors do you think will lead to India’s economic growth?

Subscribe to Newsletter

Never miss any important news. Subscribe to our newsletter.