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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?




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