#india china economy

[allthebrazilianpolitics]

Brazil's Lula Urges BRICS to Create Alternative Payment Methods

Brazilian President Luiz Inacio Lula da Silva said on Wednesday that it is time for the BRICS nations to create new payment methods between them, adding that the group's New Development Bank was designed as an alternative to what he called failing Bretton Woods institutions.

"It's not about replacing our currencies, but we need to work so that the multipolar order we aim for is reflected in the international financial system," Lula told the BRICS summit via video conference, after a head injury over the weekend forced him to cancel his trip to Kazan, Russia.

"This discussion needs to be faced with seriousness, caution and technical soundness, but it cannot be postponed any longer."

The Brazilian president added that the BRICS' initiatives move away from a context in which emerging and developing economies fund the developed world, and also underscored the bloc's relevance in global economic growth.

Continue reading.

[insightfultake]

India and China: The Economic Tug of War

China and India are two titans poised on the great field of the world economy. Being the two most populated countries in the world, they both have a different story of development, invention, and promise. Many of us are wondering with an eye toward the future: how long until India catches up to its neighbour if it continues on its current trajectory of economy?

China's GDP, estimated to be valued at $17 trillion as of 2023, is far larger than India's remarkable $3.5 trillion. China, with its enormous labor force and infrastructure, has been the unchallenged leader in manufacturing, establishing itself as the "world's factory." Contrarily, India has made a name for itself in the services industry by demonstrating its expertise in software and IT services at the forefront of the development and growth. Nevertheless, things are improving. India has been increasing its GDP faster than China, often by a significant margin. While China is experiencing a slowdown in its economy due to an aging population and an imminent debt crisis, India is benefiting from a demographic dividend. Its youthful population has a unique opportunity for economic growth, accounting for over 65% of the total....expand more to read.

[head-post]

Turkey, China, India have fastest 10-year climbing economies, WIPO says

Switzerland, Sweden, the US, Singapore and the UK are the world’s most innovative economies, while China, Turkey, India, Vietnam and the Philippines are the fastest “decadal climbers,” the World Intellectual Property Organisation (WIPO) said on Thursday.

Daren Tang, the group’s head, told reporters at an online press conference that its Global Innovation Index 2024 “shows a softening in venture capital activity, R&D financing and other investment indicators.” Tang said:

“In 2023, we saw a decline in R&D expenditures, a reduction in scientific publications, and a scaling back of venture capital investments to pre-pandemic levels. However, technological progress remained strong in 2023, particularly in health-related fields like genome sequencing, as well as in computing power and electric batteries.”

On Turkey, the report said it “continues to make progress, climbing two places” in the innovation index. It also added:

“It also takes the 3rd position among the upper middle-income group. Türkiye stands out in various areas: it ranks 1st globally in trademarks and industrial designs, and 9th in intangible asset intensity – all showing an improvement this year.”

The 17th edition of the index, according to WIPO, is a global benchmarking resource that reflects global innovation trends and guides governments, business leaders and other organisations in unleashing human ingenuity to improve lives and tackle challenges such as climate change.

According to the organisation, the 2024 index shows a significant softening of leading indicators of future innovation activity, including a pullback from the explosive growth in innovation investment between 2020 and 2022.

There is a rise in interest rates, a fall in venture capital funding of around 40 per cent in 2023, lower growth in research and development spending, and a fall in international patent applications and scientific publications.

Read more HERE

[sharemarketinsider]

CLSA Shifts Focus Back to India Amid Concerns Over China’s Economic Stability

[uniqueeval]

How Mexico is winning the trade war between the U.S. and China

A freight train carries cargo shipping containers in the El Paso Sector along the US-Mexico border between New Mexico and Chihuahua state on December 9, 2021 in Sunland Park, New Mexico. Patrick T. Fallon | AFP | Getty Images New data shows a surge in trade between China and Mexico at a time of tough tariff talk during the presidential campaign. Customs data shows a significant increase in raw…

[dailytrendingtopics]

EU Court’s Bold Moves: Apple’s €13B Tax Bill & Google’s €2.4B Fine!

[rightnewshindi]

तकनीकी खराबी के कारण हवा में लहराया विमान, सात लोग हुए घायल; एक हॉस्पिटल में भर्ती

तकनीकी खराबी के कारण हवा में लहराया विमान, सात लोग हुए घायल; एक हॉस्पिटल में भर्ती #News #SingaporeNews #SGUpdates #SingaporeLife #InStockSG #SGLocal #SGBusiness #SGEvents #ExploreSingapore #SingaporeToday #WeAreSingapore #SingaporeCulture #SGTravels

Singapore News: सिंगापुर से चीन के ग्वांगझाऊ शहर जा रहा एक विमान तकनीकी खराबी के कारण बीच हवा में लहराने लगा जिससे उसमें सवार 7 लोग घायल हो गए। ‘द स्ट्रेट्स टाइम्स’ की खबर के अनुसार घायलों में से 1 को अस्पताल ले जाया गया है। विमानन कंपनी स्कूट ने कहा कि शुक्रवार सुबह जब विमान ग्वांगझाऊ के पास पहुंचा तो उसमें कुछ कंपनी खराबी आ गई। कंपनी ने कहा कि बोइंग 787-9 ड्रीमलाइनर विमान स्थानीय समयानुसार…

[bhaskar-hindi]

व्‍यापारिक और रणनीतिक लिहाज से भारत के लिए बेहद अहम है सिंगापुर, दोनों मिलकर रोक सकते हैं चीन के विकास की रफ्तार 

सिंगापुर के दो दिवसीय दौरे पर पहुंचे पीएम मोदीपीएम मोदी के सिंगापुर दौर पर नजर गड़ाए बैठा चीनचीन के लिए खतरा साबित हो सकती है दोनों देशों की नजदीकी

[allthebrazilianpolitics]

What is a BRICS currency, and could one be adopted?

Brazil's President called on Wednesday for the BRICS nations to create a common currency for trade and investment between each other, as a means of reducing their vulnerability to dollar exchange rate fluctuations.

Luiz Inacio Lula da Silva made the proposal at a BRICS summit in Johannesburg.

Officials and economists have pointed out the difficulties involved in such a project, given the economic, political and geographic disparities between Brazil, Russia, India, China and South Africa.

Continue reading.

[jobaaj]

🚨𝐈𝐧𝐝𝐢𝐚 𝐜𝐚𝐧𝐧𝐨𝐭 𝐛𝐞𝐚𝐭 𝐂𝐡𝐢𝐧𝐚🚨 𝑁𝑎𝑟𝑎𝑦𝑎𝑛𝑎 𝑀𝑢𝑟𝑡ℎ𝑦 𝑠𝑎𝑦𝑠 𝑠𝑜!!😱 🤔𝐖𝐡𝐚𝐭'𝐬 𝐭𝐡𝐞 𝐬𝐭𝐨𝐫𝐲?

Infosys founder NR Narayana Murthy called it ‘bold’ to claim that India would become a manufacturing powerhouse!

He pointed out that China is already the ‘World’s Factory’ with a GDP six times that of India’s!

Hence, he suggested India avoid terms like ‘hub’ and ‘global leader’ in the context of manufacturing!!😨

🧐𝗧𝗵𝗲 𝗥𝗲𝗮𝗹𝗶𝘁𝘆 𝗖𝗵𝗲𝗰𝗸:

In the 1990s, governments prioritized the thriving Services sector but overlooked Manufacturing.🖥️

By 2014, FM P. Chidambaram even labeled Manufacturing as the ‘Achilles heel of the Indian economy’!😰

High input costs in India (50+% tax on fuel!), coupled with government interference and poor governance, exacerbated the issue.

Shockingly, India taxes its exports!!😱

Meanwhile, China has been prioritizing Manufacturing for over 60 years!

They established massive industries, enhanced skills training, and ensured transparency, thus maximizing Manufacturing's multiplier effect!📈

Additionally, China promotes Manufacturing by making exports tax-free, offering substantial subsidies, and manipulating forex rates!!💱

🤑𝐎𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐲: - China is witnessing a significant slowdown in its economy. - Some countries are actively looking for substitutes for manufacturing as India recently began manufacturing iPhones in bulk. - Even Mr. Murthy said a system to reduce the interface between government and industry was needed to help Manufacturing grow in India! ❓𝙲̲𝚊̲𝚗̲ ̲𝙸̲𝚗̲𝚍̲𝚒̲𝚊̲ ̲𝚐̲𝚛̲𝚘̲𝚠̲ ̲𝚎̲𝚗̲𝚘̲𝚞̲𝚐̲𝚑̲ ̲𝚝̲𝚘̲ ̲𝚋̲𝚎̲ ̲𝚊̲ ̲𝙲̲𝚑̲𝚒̲𝚗̲𝚊̲ ̲𝚜̲𝚞̲𝚋̲𝚜̲𝚝̲𝚒̲𝚝̲𝚞̲𝚝̲𝚎̲?? Follow Jobaaj Stories (the media arm of Jobaaj.com Group for more)

Jobaaj Stories, the media arm of Jobaaj Group, started as a storytelling branch and now includes news, inspiring stories, and valuable information. Our mission is to educate and inspire young professionals and students through storytelling, providing you with information and motivation.

[newshawkers]

भारत का मुकाबला करने में छूट रहे ड्रैगन के पसीने|

[sharemarketinsider]

Apple’s Shift from China: What iPhone Exports from India Mean for the Tech Sector and Emerging Markets

[ennovance]

‘Get us more paper’ — #Indian #equity issuance hits record high

More than $28bn raised in first half, almost triple the amount a year ago

https://www.ft.com/content/5de42624-ff07-480d-8ac8-9fbf827059ad @FT #china #India #investment $

https://x.com/mohossain/status/1807575774603378777?s=46&t=GtuOmoaTjOwevz2JidiiDQ

[curiousfactz]

India's Trade Deficit: Impact, Surplus, and Free Trade Agreements 2023-24

Hello everyone, India's trade deficit is the important point for India's international relations and it becomes also important for upsc exam point of view. Hope you enjoy it ☺️.

Context: India recorded a trade deficit with 9 out of its top 10 trading partners in 2023-24. More in News: Trade Surplus: The U.S. is the only top trading partner with which India has a trade surplus of $36.74 billioni. Other countries: India also has a trade surplus with Belgium, Maly, France, and Bangladesh. Bilateral Trade with China: Increased to $118.28 billion in 2023-24, with China…