ECONOMIC GROWTH OF INDIA, CHINA AND THE USA IN THE COMING TIME

The current status of the top five countries of the world in GDP.

                       2024        

                      (In tn)      

USA                29.17

China             18.27

Germany         4.71¡

Japan              4.07

India                3.89

It may be a matter of less than decade that USA will continue on top. By the time China may reach the top layer. Further 30 to 50 years may be required for India to overtake China. What makes a quantum leap by China in their GDP growth? Primarily two factors can be considered for this. One is huge investment in infrastructure and other is the large man power they have.  They are also concentrating on export oriented production for sometime. USA, Russia, Germany, Japan, India, South Korea  Vietnam and Hongkong, almost all these countries are the major buyers from China. Another advantageous factor in China is that employees working for an average of 49 hours per week.

India has approximately 1,765,260 km² cultivated land, while USA has 1,681,826 km² and China has 1,476,925 km². In the fiscal year 2024 agricultural exports by India was $49 billion, including processed food. India's export to China in ,2023 was $16.25 billion. Total export of India including goods and services during FY 2023-24 stood at $776.68 billion. During the same period China made export to the total value of $3.43 trillion. As per available information export made by USA during this period stands at approximately over $2 trillion.

Unemployment rate in these countries in 2024 are given below.

India around 9.2%, China 5.1% and USA 4.1%. Per capita income in these countries during 2024 are as follows.

USA - $87,067 (Rs 7,615,750)

China - yuan 41,300 (Rs 498,078)

India - Rs 21,725

We Indians must seriously consider whether we want political growth, religious growth or economic growth. And what is the role education has to play. If we want to have economic growth of the people as a whole we must first eliminate corruption from our country. We have seen our political leaders doing their best for several decades to eliminate corruption from our motherland but to no avail. Now we all together should unite and invite The Great One to come down and play the Rudra Tandava once again so that Bhrasta is eradicated for ever from Maha Bharat.

K V George