Skip to main content

China's economy recovers from Corona crisis, why India remained behind

 In 2008, the first economic crisis of the 21st century struck, and banks and financial institutions stopped buying homes in the United States by offering cheap loans or mortgages.




  The crisis reached its climax on September 15, 2008, when Lehman Brothers, the largest US bank, went bankrupt.  Is.  The whole world fell victim to the global recession.


  But, since there was an opportunity in every tragedy, the recession of 2008 proved to be an opportunity for two Asian countries as well. The story of economic growth of India and China was already under discussion, the recession stamped the story with credibility.


  The name of India and China reverberated around the world, saying that China and India would be at the forefront if anyone could take the world out of the economic downturn.


And there was a reason for that.  In the year following the recession, that is, in 2009, only five of the 19 countries that contributed more than 75% of the world's GDP grew.  China topped the list, followed by India

This crisis changed the position of countries in the world economic club forever.  In 2009, China overtook Japan to become the world's second-largest economy, where it still stands, but instead competes with the United States.


  At the same time, India became the 10th largest economy in the world after Russia in 2009, and in its ten years it became the fifth largest economy in the world, leaving behind giants like Italy, Brazil, France and Britain.


  In the year 2020, the world is once again in an economic recession, and this time the crisis has brought not man but nature.


  Also read:


  Why should Indians be concerned about the recent IMF estimates on GDP?

  Vehicle sales are on the rise again in India?



  China released its latest growth figures on Monday, showing that the economy grew at about 5% in the last quarter (July-September).


  On the other hand, the growth of the Indian economy so far has been in stark contrast to 

this, between April and June, the Indian economy grew with a negative growth of about 24%, which means that the Indian economy has shrunk in almost a quarter of last year.  .


   Why is China's name being used once again to save the world from recession, but not India's?




Comments

Post a Comment

Popular posts from this blog

Joginder Nath Mandal: Pakistan is 'traitor' in the country and India's 'infallible'

 The rise and spread of religious fanaticism in Pakistan is attributed to the parallel power of the government of former military dictator General Zia-ul-Haq and subsequent established clerics.   But a special figure in history, Joginder Nath Mandal, in the resignation of the then Prime Minister 70 years ago, used Pakistan’s policy of establishing power as a weapon to promote religious bigotry and then kneel before it.  Was held responsible   Muhammad Ali Jinnah, the founder of Pakistan, invited Joginder Nath Mandal to chair the first session of the Constituent Assembly of Pakistan.  He also became the first law minister of Pakistan.    Prior to the partition of India, not only was independence from the British colonial system an important issue in Bengal politics, but in the eyes of some, the peasants in the landlord system of Bengal were even more important.  Most of them were Muslims.  Behind him were Dalits, also known as Namasudras....
Post a Comment
Read more

Domino's pizza Update for you .

Domino's Pizza has dropped a promotion offering free pizza to a woman named Karen after receiving a response.   In recent years, the name "Karen" has been used as an insult to white middle-aged women who are considered abusive or racist.   The New Zealand arm of the pizza franchise initially said it wanted to take a break from the negativity of "nice carnations".   But some said he is tone-deaf, ignoring more important issues and "gaining privileges."   What was the offer?   The pizza chain's Australian, Australian and New Zealand pages were titled "King Ling All (Karens)".   It asked people named Karen to tell Domino’s in 250 words how they are one of the “nice people”.   "The name 'Karen' has become synonymous with anyone who is entitled, selfish and chooses to complain," said Lon Collins, Domino's chief marketing officer in the field.   “It was a light-hearted souvenir, it really became an insu...
Post a Comment
Read more

Kerala plane crash

Investigators have found the so-called "black box" of an aircraft that crashed in the state of Kerala in southern India, killing at least 18 people.   The Air India Express flight from Dubai skidded while landing at Kozhikode Airport before breaking into two from the runway during inclement weather.   The flight had 190 people on board and an official said it was a "miracle" as the toll was not high.    This tragedy is the worst tragedy in India   Flight Coronavirus was bringing back the stranded Indians.  First responders have been asked to go into quarantine for the accident.   Prime Minister Narendra Modi said he was "suffering" from the accident.   What do we know about the accident?   Flight IX 1134 carried 184 passengers, including 10 infants and six crew, when it attempted to land at the airport in Kozhikode, formerly known as Calicut.      The aircraft was named Boeing 737      crashe at 19:40 local time ...
Post a Comment
Read more