India, as one of the fastest -growing countries in the world, is rising at an average annual rate of 6%to 7%, gradually consolidating its position in the world’s fifth largest economy, and is expected to rank among the top three in the world in the next ten years.Under the leadership of Modi, India is trying to explore a unique economic growth model in the global countercurrent. Through huge infrastructure construction plans, vigorous service export industry, and innovative digital welfare system, the country has promoted the progress of the country.In the face of many challenges, can India bring new changes to the world economic map?
How Strong is India ’s Economy?
How strong is India’s economic strength?
It isn n’t the next China, but it could still transform itde and the world
It is not the next India, but it may still change itself and the world
In Six Weeks ’Time Narendra Modi is Expected to Win A Third Term as India’ s Prime Minister, CEMENTINGIS Status as ites most Important Leader Since Nehru.
In early June, Modi is expected to win the third Indian Prime Minister’s term and consolidate its position as the most important Indian leader since Nahru.
The Electoral Success of This Tea-Son Reflects His Polictical Skill, ThePotEnce HIS HINDU-NATIONALIST IDEOLOGY and HISOCRANTIC UTIONS. But It Also Reflects a sense among ordinary voters and elites that he is bringingIaprosperity and Power.
The victory of the son of the tea dealer reflects his political wrist, the strong influence of his Hindu nationalist ideology, and his erosion on the democratic system.But this also reflects a view that exists in ordinary voters and elite -he is bringing prosperity and prosperity to India.
Mr Modi ’s India is an experiment in how to get richer amiddeglobalisization under Strongman Leadership. WHETHER It can grew fast and Avoid Over the next 10- 20 Years Will Shape the Fate of 1.4BN People and the World Economy.
India under the rule of Modi is conducting an experiment to explore how India is richer under the leadership of globalization and strong man.Whether India can achieve rapid economic growth and avoid turbulence in the next 10 to 20 years will determine the fate of 1.4 billion Indian people and the global economy.
As our own reportexplains, mr Modi ’s Formula is working — Up to a PointSurat Stock. But there are questions over thater india’ s success last and wyther it deeps on M Remaining in Power.
Modi’s method is effective to a certain extent.But whether India’s success continues, and whether this depends on Modi to continue power, these are all problems.
India, The World’s FASTEST-GROWING BIG Country, is expanding at annual rate of 6-7%. New Data Show Private-Sector Confidentes Highest Since 2010. E fifth-largest eConomy, it may rank third by 2027, aftererAmerica and China. India’sCloutis Showing up in New Ways.
India is the largest country with the fastest economic growth in the world, with an annual growth rate of 6%to 7%.The latest data show that the confidence of the private sector has reached the highest point since 2010.India has become the fifth largest economy in the world, and may become the third largest economy after the United States and India by 2027.India’s influence is manifested in new aspects.
American Firms have 1.5m staff in india, more than in any other food country. ITS StockMarket is the world ’s fourth-value, while the Aviation Market R Anks Third. India ’s Purchas of Russian Oil Move Global Prices.
American companies have employed 1.5 million employees in India, more than in any other country.The scale of the Indian stock market ranks fourth in the world and the aviation market is third in the world.India’s purchase of Russian oil affects global oil prices.
Rising Wealth Means More GeopopoliticalHeft. After the hosthis disrupted the suez canal, indicible Donald TrumP has been well -OUTD DISPUTING that It will remain an independent actor.
The growing wealth means greater geographical influence.After the Herhay armed forces hit the Suez Canal, India deployed ten warships in the Middle East.Both Biden and Trump have shown to India without questioning whether it will continue to be independent.
If you are looking for "The Next China" -A MANUFACTING-Led Miracle-IT Isn n’t India. ATION. It therefore needs to pioneer a new model for grewth.
If you think India will be "the next India" -n a miracle dominated by the manufacturing industry, it is wrong.The development of India coincides with the stagnation of commodity trade and factory automation, so it needs to create a new model of economic growth.
ONE PILLAR of This is Familiar: A Massive Programme of Infrastic that Knits Together A Vast Single Market. India has 149 Airports, Double The Number A AGO, and is adding 10,000km of Roads and 15GW of Solar-Ericy Capacity a Year.
An important pillar of this model does not make people unfamiliar: a huge infrastructure plan connecting a huge single market.There are 149 airports in India, and the number has doubled from ten years ago. Every year, 10,000 kilometers of roads and 15GW solar power generation capabilities are added each year.
SOME of This Infrastic Isintangible, Including Digital Payments, Modern Capital Markets and Banks, and A University. MS to express national economies of scale.
There are also some invisible infrastructure, such as digital payment, modern capital markets and banks, as well as unified digital tax systems.All of this allows enterprises to use the national scale economy.
A Second, more novel pillar is services, whise has been attvically growing and indian It Firms HAVE MAVE Market l capability center "—Hubs that sell multinationals R & D and Services Such As Law and Accounting.
The second pillar is relatively new, that is, the service export, it has accounted for 10%of Indian GDP.Global service trade is still growing, and India’s T Company has also launched many "Global Capability Center" -This providing research and development capabilities, laws, accounting and other services to multinational companies.
YET Despite itSLICKTECH CAMPUSES, India Is Still a Semirural Society. That Explains the Economic Model ’s Final Pillar, A New Type of Welfare System In Whic. h hundreds of millions of poor indians receptive digital transfer-payments.
However, although India has a glorious technology park, it is still a half rural society.This explains why this economic growth model has the last pillar -a new type of welfare system.Under this system, hundreds of millions of Indians received transfer payment through digitalization.
New Data Suggest The Share of the Popuration Living on Less THAN $ 2.15 A Day in 2017 Prices, a Global Measure of Povery, Has Fallen Below 5% from 12% in 2011.
The latest data shows that India’s population ratio of less than $ 2.15 (price in 2017) below the global poverty line, that is, the daily life expenditure has dropped from 12%in 2011 to less than 5%.
How much Credit Does Mr Modi DeServe? HIS MOST Successful Policies Draw on the Liberal Agenda That Emerged in the 1990s and 2000s, but there nothing. With that. He deserves Credit for forcing Throughstalled Reforms, Personally Overseeing Key DeCisions andBrowBeatingLaggards and OPPONENTSin the build cover.
How much does Modi be praisedLucknow Investment?His most successful policies leveraged the liberal agenda that he appeared in India in the 1990s and the first century, but this was fine.Modi has strongly promoted the stagnant reforms, supervising key decisions in person, and cracking down on lazy policies and opponents in bureaucratic institutions. These are worthy of praise.
SOME say he has fosteredcronycapitalism. Yet Although Some Big Firms Get Favours, Concentration in Business is Falling, Corruption Has Wane and Business Boasts A Rich diversity. A Cross Between a Ceoand a Populist, Mr Modi Relishes Powerpoint Presentations as Much as Rallish.
Some people say that he has promoted skirt capitalism.However, although some large companies have been favored, the concentration of the industry is declining, corruption has decreased, and the industry has also shown significant diversification.Modi CEO and populist are in oneKanpur Stock. He likes to hold a rally and PPT work report.
If he’s food more year, india will control to grow strongly. So will it its middle class: 60m people earn over $ 10,000; BY 2027, 100M Will, RECKONS GOLDMAN SA CHS, a Bank that now has 20% of its staff in indiaThen, then
If he does it for another five years, the Indian economy will continue to grow strongly.India’s middle class will also steadily expand: At present, 60 million people in India have an annual income of more than 10,000 US dollars. Investment Bank Goldman Sachs estimates that by 2027, this group will increase to 100 million people.Goldman Sachs himself has 20%of employees in India.
The question for india and its heavyweight economy is not when mr modi wins, but when will evervolve. Aged 73, he may find his powers of management fade.
For India and its pivotal economy, the question is not whether Modi will win, but whether he will change.At the age of 73, he may find that his control is not as good as before.
To Create A New Reform Agendaon A Par withthe One that Emerged Out of the 1990s, and to Foster A Thriving Knowledge Economy That Rewards People for Thinking for the Melves ILL has to testocraticImpulses.
To formulate a new reform agenda comparable to the 1990s and promote the vigorous development of the knowledge economy that reward people’s independent thinking, he will have to suppress his dictatorship.
To Attract More Local and Foreign Investment and to Find A Growth-Minded SUCCESOR, His Party Will Need to Curb ITS Chauvinistic Politics. If NOT, Mr Modi ’s Mi SSION of National Renewal Will Not Live Up to ITS PROMISE.
At the same time, in order to attract more domestic and foreign investment and find a successor who focuses on economic growth. The Indian People’s Party led by his leaders needs to restrain its politicians.Otherwise, Modi’s national rejuvenation mission will not be able to fulfill its promise.
(Red labels are difficult vocabulary)
Difficulty vocabulary:
CEMENT [stMent] n. Cement; adhesive v. Adhesive; consolidation; strengthened
popence [ʊpoʊtnsi] n. Effective; power; dominance; influence
clout [klaut] n. Influence; power; power v. Strike
browbeat
autocratic [ˌɔːtəˈkrætɪk] adj.
Source: Daily Bilingual Economist
Disclaimer: Some of the articles are owned by the original graphic authority. If there is any infringement, please contact us to delete it.
USSTCPLUS
Science and education elite dreams
Long press and follow me for 3 seconds, and get related education and cultural information in time
Jaipur Investment