Agreed, India is the future. That said, no matter how hard investors, politicians, geopolitical strategists, economists & Indians want to attract investment, what matters is the Indian government & the institutions attached with it are motivated & meet people half way w/ policy.
India exports by value peaked around 2012 & 2013, and so on an absolute & relative basis, India has under performed in trade. Its export value is almost on par with Vietnam, although obvious higher, for an economy that is 10 times the size of Vietnam. India needs to look outward.
Of course, I'm talking about merchandise exports. Service export's much better. But to create job for what to be the most populous nation in the world, all engines need to be firing. Remember that to raise consumption & quality of life, people aren't enough. Need purchasing power
To raise purchasing power, you need to be able to produce more and be more productive. That means the productivity per work has to go up. If u have more people but not enough investment then your capital stock per worker declines. So India needs to be very aggressive & proactive.
China, India, and Vietnam merchandise exports in USDbn.
Whjat do you see? India started out not too far from China in 1995 and totally lagged behind. It stated to rise in terms of exports from 2004 to 2011. Since 2013, started to decline fast!
Okay, Vietnam is catching up.
Whjat do you see? India started out not too far from China in 1995 and totally lagged behind. It stated to rise in terms of exports from 2004 to 2011. Since 2013, started to decline fast!
Okay, Vietnam is catching up.
India, with a population almost equal to China, and will surpass China in a few decades, exports only 13% of China's exports. That used to be 22% in 1996.
India in terms of merchandise exports 1/8th of China. Meanwhile, Vietnam's share of China was 4% in 1995 to now 10% in 2018
India in terms of merchandise exports 1/8th of China. Meanwhile, Vietnam's share of China was 4% in 1995 to now 10% in 2018
India's exports were 337bn in 2013, which was its peak. Now has declined to 322bn.
As this is nominal, its absolute & especially relative share has declined.
So this means India has turned more inward & hence needs to change if it wants to capture the future.
As this is nominal, its absolute & especially relative share has declined.
So this means India has turned more inward & hence needs to change if it wants to capture the future.
