According to a report from S&P Global published on September 19, India is set to emerge as the third-largest global economy by the fiscal year 2030-31. This projection is based on an anticipated annual growth rate of 6.7%, which would also elevate India into the upper-middle-income category. The report forecasts that India’s nominal GDP will […]
India is set to become the third-largest economy globally by the fiscal year 2030-31, with projections indicating its nominal GDP will nearly double from $3.6 trillion to over $7 trillion. This anticipated growth rate of 6.7% would also elevate India to the upper-middle-income category. Economic Performance and Growth Outlook India’s economy has demonstrated remarkable resilience, […]
The race for nuclear fusion energy has intensified, particularly between the United States and China, as both nations recognize its potential as a transformative clean energy source. In Shanghai, the start-up Energy Singularity exemplifies China’s rapid advancements in fusion technology, having constructed its own tokamak in just three years. This contrasts sharply with the aging […]
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Despite global economic challenges and escalating tech tensions, China’s integrated circuit (IC) industry has become a surprising powerhouse for unicorn startups. The semiconductor sector is outpacing all others in creating billion-dollar companies, bucking the overall trend of declining unicorn births in China. Shifting Landscape The number of new Chinese unicorns has dropped significantly in recent […]
Recent reports indicate a significant shift in consumer preferences in China, particularly towards sustainable and ethically sourced products. This change is driven by a growing awareness among Chinese consumers, especially the younger demographic, regarding sustainability and social responsibility. Key Insights on Consumer Behavior in China 1. Sustainability Awareness Chinese consumers increasingly associate sustainable products with […]
China’s growing influence in Latin America and the Caribbean has been marked by significant economic engagement and strategic partnerships. In 2021, China emerged as the second-largest trading partner for the region, with trade volumes reaching nearly $450 billion, a remarkable increase from just $12 billion in 2000—an increase of almost 40 times. This surge in […]
Danny Quah, a professor at the London School of Economics (LSE), studied the dynamics of the global economy’s centre of gravity in a 2011 paper. He defined the economic centre of gravity as the average location of the planet’s economic activity, measured by GDP generated across nearly 700 identifiable locations on Earth’s surface. In 1980, […]
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Introduction “Made in China 2025” is a strategic plan launched by the Chinese government in 2015 with the aim of transforming China into a global leader in high-tech manufacturing. The plan sets ambitious goals for China to move up the value chain and become a major player in industries such as information technology, aerospace, new […]
