Which Economies Are Set To Be The World’s Top 2 Economies – India or China? Has Narendra Modi Truly Transformed India? A recent study on China and Indian economies predicts that both countries have an excellent chance of becoming leading economies in the coming decades. But in comparison to China, India has been considered a bit of a letdown for failing to keep up with the growth of China, India’s assumptive future world power. Conclusion: Compared to India and China, all other major economies may witness their economic influence shrink or stay roughly fixed.
In reaction to the COVID epidemic in China, which some observers have referred to as a “Covid tidal wave,” the United States, South Korea, France, and many other countries imposed testing procedures. Other COVID conflicts were simmering in China besides the reprisals against South Korea and Japan. Four major Japanese airports are now the only ones that offer direct flights between China and Japan, according to government authorities. India, Italy, South Korea, and Taiwan have also demanded viral tests for Chinese travellers in response to the outbreak of diseases in China. According to Jee Youngmee, commissioner of the Korea Disease Control and Prevention Agency, all travellers from China will also need to undergo PCR testing within a day of arrival in South Korea.21 days ago Inventiva
These four issues will shape the world economy for the next few years. These four concerns will determine how the world economy develops over the next few years. China’s zero-Covid policy continues to harm the second-largest economy in the world, and the country’s collapsing real estate market threatens the stability of the global financial system. A protracted stagflationary period, however, could result from hasty interest rate increases that expose and exacerbate structural flaws in the global economy. We could also envision a global economic recovery without a corresponding drop in tensions.3 months ago Inventiva
Biden decided to blatantly deny China access to modern computer chips (aka semiconductors). The US Semiconductor Industry Association estimates that in 2021, China held 7% of the global semiconductor industry. All Chinese research that depends on cutting-edge computers will be restricted as a result of these regulations. There have been rumours for a while that China has been hoarding chips and equipment, and China will undoubtedly try to circumvent the restrictions. The global semiconductor market is already facing a deficit, especially for the less advanced chips made in China.3 months ago Inventiva
Report 2022: Ranking of India drops in the Global Hunger IndexIndia dropped from 101 to 107 out of 121 nations in the Global Hunger Index report for 2022, which was issued in mid-October. The purpose of the hunger index, according to the report’s authors, is to spread knowledge about the issue, understand it better, and identify solutions. In the Global Hunger Index 2022, India is ranked 107th overall out of 121 nations (down from the 2021 index, which had India at 101st). Undernourishment, child wasting, child stunting, and child mortality are the four components of the Hunger Index, which evaluates how well each country is doing. Learn more about India’s ranks for the IAS Exam and the main results of the Global Hunger Index (GHI) for 2022, 2021, 2020, and 2019.2 months ago Inventiva
Japan is concerned that China may try to take over Taiwan, a global center for advanced chip manufacturing. Importance Of the Semiconductor Industry For JapanSemiconductors play an increasingly important role in economies around the world. Firms like Taiwan Semiconductor Manufacturing Company or TSMC, which specialized in custom chip manufacturing and received extensive government support, had accumulated enough customers to achieve economies of scale. Japan still leads the market for some products necessary for semiconductor manufacturing, including specialty chemicals and silicon wafers. In September, it pledged to give US chip maker Micron Technology 46.5 billion yen to increase production capacity at its Hiroshima plant.2 months ago Inventiva
US Withdrew India From Its Currency Monitoring List. After being added to the Currency Monitoring List, an economy remains there for at least two reports. If a country undervalued its currency for unfair competitive advantage, it would be placed on the Currency Monitoring List. Based on a number of factors, a nation may or may not be included on the currency monitoring list. A nation is considered a “currency manipulator” if its name appears on the US Currency Monitoring List.2 months ago Inventiva
As the main number of COVID-19 cases in China, Japan, the United States, Korea, and Brazil has increased, the Center has asked states and also union territories to increase genome sequencing of positive samples mainly. The Union Health Secretary, Rajesh Bhushan, has written to all of the Chief Secretaries and Secretaries of Health of the states and union territories. He asked all states to ensure that, if at all possible, samples from all positive cases are sent to the current designated Genome Sequencing Laboratories on a daily basis. According to official sources, Union Health Minister Mansukh Mandaviya will assess the pandemic situation on Wednesday, following a recent spike in Covid-19 cases in Japan, South Korea, Brazil, China, and the United States. Given the increase in positive cases, whole-genome sequencing of positive case samples is critical for tracking variants through the Indian Sars Cov2 Genomics Consortium (INSACOG) network.1 month ago Inventiva