European Parliament Policy Expert: India to Maintain Lead Over China in Economic Growth
Insights into India's surging economy compared to China, as expert Angelos Delivorias discusses implications for global geopolitics and economic dynamics in this comprehensive analysis.
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Angelos Delivorias, an expert from the European Parliament think tank, highlighted India surpasses China's growth rate, indicating New Delhi's emergence as a major global economic force.
Delivorias noted that India's GDP growth has consistently surpassed China's in recent years and is expected to continue doing so in the near future. In 2023, India's GDP grew by over 7.5%, while China's growth rate stood at 5.2%. Forecasts suggest India's GDP could reach 7% by 2026, compared to China's projected 4.6% growth. The International Monetary Fund (IMF) predicts China's growth to decline further to 3.5% by 2028.
As a specialist in external policies, Delivorias highlighted India's strategic investments in infrastructure projects and advancements in space exploration as key components of its comprehensive economic strategy. Expert analysis on India's growth trajectory
features emphasis on India's growing diplomatic significance, particularly in the Indo-Pacific region, amidst shifting geopolitical dynamics.
Delivorias pointed out that India's rise carries significant implications for the European Union and the wider international community, especially in light of China's Belt and Road Initiative and assertive global posture. He highlighted the growing importance of the Indo-Pacific region and Southern Asia for the EU and its partners. Notably, Delivorias highlighted India's higher growth rate compared to China, positioning India as a pivotal player in shaping global economic dynamics and regional geopolitics.
Furthermore, Delivorias drew attention to the demographic differences between India and China, noting that India's younger population could contribute to sustained GDP growth in the coming years. He highlighted the potential of India's larger labour force and lower healthcare and pension expenses to drive economic expansion.
Delivorias's insights shed light on India's economic performance compared to China and India’s increasing influence on the global stage, positioning it as a key player in the international landscape.
