There was a time when the GDP of China and India was almost equal, but today China’s economy has become almost 5 times bigger than India.How did this happen? Let’s know in this article?

Hello friends, welcome to 24 NCO. A few days ago, American President Donald Trump announced to impose reciprocal tariffs on countries like India, China, Canada, Mexico. That is, whatever tariffs we impose on their goods, America will also impose the same tariffs on our goods. Because of these tariffs, a tariff war has started in the world! Its effect was also seen in the stock market.

As soon as the President of America Donald Trump announced the imposition of tariffs, immediately after that Canada announced to impose the same tax on America as America had imposed on Canada. China even openly told America that if you want to open a tariff war, then we are ready for it!

After this reply from China, the Indian public is waiting to see what reply India will give to the tariff policy but no reply has been given from India, why is this so?

Our neighbouring country China is answering America eye to eye and India is just watching with folded hands!

GDP of India and China was almost equal, but today China’s economy is almost 5 times bigger.

The reason for this is hidden in the economics of China and India!

Today China has gone far ahead of India economically and geopolitically.

Our neighbouring country China got independence 2 years after India’s independence!

From 1960 to 1990, India and China were almost at the same level in terms of growth and development!

While India had a GDP of 320 billion dollars in 1990, if we talk about China, it was slightly ahead of India with a GDP of 367 billion dollars.

What I mean to say is that between 1960 and 1990, China and India were running in almost the same growth race!

But what happened suddenly that since 1990, China has left India so far behind in this race

It has left India so far behind that today India’s GDP is around 3.89 Trillion Dollars, while if we talk about China, it stands with a GDP of 18.80 trillion Dollars

Today, even after 78 years of independence, India’s literacy rate is 77.7%!

On the other hand, China stands with a literacy rate of 97%!

Everything was fine till GDP and literacy rate, but even in terms of life expectancy, India is far behind China!

While a person in India is living an average life of 70 years, the average age of a person in China has reached 78 years!

China has gone so far ahead of India that India has to import goods worth about 95 billion from China but in return India is able to export goods worth only 11.48 billion dollars to China.

In such a situation, the thing to think about is what mistake did India make that it is lagging so far behind China in this race.

What policy did China adopt that it became a superpower? Can the existence of democracy in India and dictatorship in China be the only reason for this?

Can India’s religion, casteism culture be the reason for this or can the politics done for power in India also be the reason for this?

As we all know that if we want to take any country forward towards progress, then it is very important to strengthen its education system because only an educated society can contribute to the development of the country. Only that country can progress whose education system is strong from the root.

Conclusion:- In this article, we have told about the GDP of India vs China and the tariffs imposed by America on India have also been discussed in this article! And to get such financial news, stay tuned with 24 NCO. Thank you.