In recent years, Western countries have frantically suppressed China and transferred some industries to India, the Philippines and other places.
In 1981, the difference in GDP between the two countries was only $2.4 billion, 98 percent of China's, the smallest year in which the two economies differed.
India has advantages such as demographic dividend, developed service industry and huge potential manufacturing industry.
Has China been overtaken by India now, and how big is the gap between China and India?
The source of this article comes from the official media [Global Network] [Overseas Network] [China Youth Network]. In order to improve the readability of the article, there may be polishing of the details, please read sensibly, for reference only!
I've been working hard, but it's hard to surpass
In 1981, India's economy was doing well, but its economy was relatively weak in size and international competitiveness.
India's GDP (gross domestic product) is about $193.5 billion, a difference of only $2.4 billion compared to China.
The GDP growth rate has also shown some growth, but it is slightly lower than that of China.
At this time, China and Vietnam were at war, which is known as the Reconquest of Phakasan.
Although India is far behind China in some economic indicators, there are some areas where it shows relative advantages. For example, India is highly competitive in areas such as services and software.
With the acceleration of economic reform and globalization, India's economy has gradually emerged as one of the world's important emerging economies.
China is not bad either, with a steady economic growth. At a glance at various industries in China, the income is only a lot more.
The output value of agriculture was 154.56 billion yuan, that of industry and construction was 225.55 billion yuan, and that of the service industry was 106.13 billion yuan.
In 1980, the Indian government also made great efforts to increase revenue.
They adjusted their credit and tax policies, encouraged companies to invest through tax breaks, and even changed the law.
India's Tata Corporation seized the opportunity and is now a Fortune 500 company.
India has also repealed the Monopoly and Restrictive Trade Act and eased restrictions on large businesses.
Companies are able to expand their business into sectors traditionally controlled by the public sector, such as chemicals, pharmaceuticals, cement, ceramics, electricity, etc.
For example, the generic drug of "Gleevec" in the movie "I Am Not the God of Medicine" is much cheaper than the genuine drug.
It is because India ignores the patent of this drug and ignores the term of patent protection.
Compared to India, China's economic policy is completely different.
Upgrading and reforming the science and technology industry, introducing foreign technology, and preventing inflation...... We've put a lot of effort into these areas.
At present, China has become the second largest economy in the world and plays a pivotal role in the world.
Moreover, it can be regarded as a comprehensive victory in the battle against poverty, basically completing the comprehensive construction of a moderately prosperous society, and completely erasing the term "poverty".
India wants to overtake China, and Western countries are adding fuel to the fire
India is also on its way to becoming the world's fifth-largest economy and surpassing China in terms of population size.
However, the pace of economic growth is relatively slower than that of China.
Although India is also trying to reduce poverty, there are still 134 million people living in poverty due to the pandemic.
In addition, India is also far behind China in terms of steel production and oil production.
In 2022, the continent produced 205 million tons of oil and India produced 33 million tons.
India's crude steel output in 2023 is 140 million tons, and the mainland's output has reached 1 billion tons, and India still needs to rely on a large number of imports to maintain consumption.
In 2014, Modi took office and wanted to promote the country's manufacturing industry.
He focused on supporting industries such as automobiles, telecommunications, and food manufacturing.
While India is developing, the mainland is facing repression.
Western countries are worried that China's development is too fast, as if they have negotiated it, and have withdrawn China's orders one after another.
And that's when India's opportunity came.
Decoupling of the West
With the influx of orders from the West, India's manufacturing sector has skyrocketed.
In 2023, India exported 912,000 vehicles, finally reaching the level of the mainland in 2012.
Although it has suffered losses in this respect, the mainland's investment and efforts in the field of education have yielded remarkable results.
The nine-year compulsory education has generally raised the level of the people's cultural quality and armed the people's minds.
Not to be outdone, India is also strengthening its education system.
However, due to low economic power, caste system and gender discrimination, there is still a problem of uneven distribution of educational resources.
If we want to surpass, we are not only a little ahead of India. China's infrastructure construction has a great influence on the international community, and is known as the "infrastructure madness".
Infrastructure projects such as high-speed rail and subway rollouts, 5G signal coverage, and China's power and fiber optic networks are also developing rapidly.
India also wants to improve its infrastructure, but there are too many problems they face.
India's population base is so large that their trains are still crowded, and there aren't even many railways.
However, it has been said that India's IT industry is far larger than that of the mainland, but in fact, this statement is inaccurate.
What is it that makes India popular out of the circle?
In the early years, in order to prevent the development of the mainland, the United States put the IT industry in India for development, which made the development of India's IT industry earlier.
However, with the continuous improvement of the scientific and technological level of the mainland, the industrial structure has been continuously improved, and it has its own independent brand.
India's software still needs to be imported in large quantities, which is a bit of a part-time job.
However, it is worth mentioning that Indian culture is not badly developed.
Indian cinema (Bollywood) has received a lot of attention internationally, and there have been quite a few excellent works.
Such as "Let's Wrestle! Dad", "Three Fools Make a Mess in Bollywood", "Stars on Earth" and so on.
In addition, India has produced many outstanding talents and works in the fields of literature, art, music and dance, enriching the diversity of world cultures.
India also actively participates in international cultural exchange activities to promote mutual cultural learning and cooperation with other countries.
Although there are many excellent works on the mainland, there are only a handful of them that go international.
The Government of India has also made important achievements in the social sphere.
It has increased investment in areas such as education, health care and social security, and improved the availability and quality of public services.
India also focused on reducing social inequality and helping vulnerable groups to improve their living conditions through poverty alleviation projects, rural development and job creation.
In recent years, China has been improving the people's living standards, and social undertakings such as education, medical care, and culture have been developed in an all-round way, and the people's sense of happiness and gain has been continuously enhanced.
epilogue
India has been aiming to surpass China all year round, and it is clear which is stronger and which is weaker.
Their economy is indeed growing fast, but there are also too many challenges and problems.
Our generation should be self-reliant, become the world's largest country as soon as possible, and contribute to the happy life of people around the world.
After reading the gap between China and India in all aspects, what do you think in front of the screen? Welcome to leave a message in the comment area......
Resources
[1] [Global Network] (Global Network Official Account) - "India and China's GDP growth is compared with China, experts: China and India are not at the same level of traction to the world economy"
[2] [Overseas Network] (official account of Overseas Network) - "Indian Media Counts: The Epidemic Has Widened the GDP Gap between China and India for 10 Years"
[3] [China Youth Network] (official account of China Youth Network) - "Indian Media Calculated: The Epidemic Has Widened the GDP Gap between China and India for 10 Years"
[4] [China Social Science Network] (official account of China Social Science Network) - "Australian Media: By 2030, China and India will surpass the United States to become the world's economic superpowers"