Despite recent improvements in economic growth, deflation persists in China, raising concerns about its potential impact on export destinations. However, analysts suggest that this impact has been minimal, with Chinese goods representing a small portion of final consumption in export markets and destination countries experiencing service price inflation that overshadows any disinflationary effects.
India is projected to become the world’s second-largest economy by 2075, surpassing the United States. According to a Goldman Sachs report, India’s GDP will reach $52.5 trillion, just behind China’s $57 trillion and above the US’s $51.5 trillion. This growth is primarily driven by India’s labor force, technological advancements, and increasing capital investment. Despite some challenges, India’s economic potential is significant due to its low per capita income and growing innovation and technology sector.
