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As global economies grapple with uncertainty, India is poised to emerge as the fastest-growing major economy in 2024, surpassing powerhouses like China and the U.S. This impressive growth raises an important question: What will be the key driving force behind India's projected GDP surge? Will it be innovative policies, technological advancements, or a combination of factors? Join the conversation as we explore these developments. Like and comment below to share your insights on India’s economic journey and its potential impact on the global stage! Source : International Monetary Fund #RealtyNXT #India2024 #EconomicGrowth #GlobalEconomy #Russia #China #USA #Mexico #France #UK #SouthAfrica #Germany #FutureOfEconomy

GDP's of China and India Since 1961, China and India have embarked on distinct economic journeys, each with its own set of strategies, achievements, and challenges. China's rapid industrialization and global integration have been transformative, while India's steady growth, driven by a vibrant services sector, highlights its potential as an emerging economic powerhouse. As both countries continue to evolve, their economic paths will undoubtedly play a crucial role in shaping the 21st-century global economy. By tracing the economic trajectories of China and India, we gain a deeper understanding of their rise as economic giants and the myriad factors that have influenced their development over the past six decades.

🌏💡 Forget what you thought you knew about the global economy! This #datavisualisation will turn your worldview upside down. It’s time to ditch "nominal" GDP and embrace "PPP" – Purchasing Power Parity – because China is officially the world’s largest economy on this measure. 📈🇨🇳 PPP isn’t about exchange rates; it’s about what money *really* buys in each country. Using the Maddison Project data, inflation-adjusted to 2024 (thanks to the post-Covid surge 📊), and combining insights from the World Bank and IMF, this visualisation tells a fascinating story. 🔍 Key points: - The data reflects modern-day territorial boundaries (yes, the USSR is included for historical comparison). - GDP per capita visualisation is coming soon – stay tuned! 👀 So, what does the data reveal? Let’s rewind to 1820:  ⚓ Britain was set to rule the waves, but the economic heavyweights were China and India, dominating the world economy for millennia.  🌟 Back then, China controlled 33% of global GDP, India another 16%. Together, that’s HALF the world’s output. The Industrial Revolution and imperialism disrupted this, with the US taking the lead in the 19th century. Fast forward to today:  🚀 China reclaimed its crown in 2013, surpassing the US in PPP terms. Now, China holds 19% of global GDP, the US 15%, and India is roaring back as the third-largest economy. 🇮🇳 The past seems to be reasserting itself, but what about the future? China faces challenges with a rapidly ageing population and structural economic issues. Only time will tell. ⏳ What do you think? 🤔 Let’s discuss! Credit: James Eagle. Music: Bottai by Ooyy, Epidemic Sounds  #India #China #USEconomy #GDP #MacroEconomics

This data illustrates that one cannot stay at the top forever; the law of diminishing returns will apply. However, if you wish to stay at the top for a long period, consistency and innovation are critical success factors. #Consistency #innovation

Forget everything you thought you knew about the global economy. This hashtag #datavisualisation will shatter your worldview. Ditch the "nominal" and embrace the "PPP" measure of GDP. China is now the world's largest. I used something here called Purchasing Power Parity, or PPP. It's not about exchange rates – it's about what money can actually buy in each country. And the story is revealing. I used the Maddison Project data and inflation adjusted it to 2024, given that we had such a lot of inflation post-Covid. And I've paired this with data from the World Bank and estimates from the IMF. Don't worry! I'm going to do a GDP per capita data visualisation soon, but that's a different story. So what can we see here when we look at GDP with this PPP measure? First off, notice that in 1820, Britannia may have been about to rule the waves, but the real economic titans were China and India. And that has been the case for millennia. These Asian giants dominated the world economy, until the Industrial Revolution took hold and imperialism crushed their economic output. China back then controlled a staggering 33 per cent of global GDP. India, another 16 per cent. Together, that's half the world's economic output! The US then took over later on in the 19th Century. However, now things are changing once more. In 2013, China reclaimed its crown, surpassing the US in PPP GDP terms. Today, on this measure China commands 19 per cent of global GDP, while the US just 15 per cent. And India's roaring back too, now the world's third-largest economy. The past appears to be reasserting itself, and the future? That's difficult to say with China's rapidly ageing economy and recent economic structural problems. Only time will tell. But what do you think? Music: Bottai by Ooyy, Epidemic Sounds hashtag #India hashtag #China hashtag #USEconomy hashtag #GDP hashtag #MacroEconomics …more

Thank you James Eagle for posting. Fascinating data and a real eye-opener on global economic history in the comments below. This visualisation captures how Purchasing Power Parity (PPP) can transform our understanding of GDP rankings, showing a return to historical norms where China and India dominate the economic landscape. It highlights just how important it is to look beyond nominal figures to grasp the global economy. NOTE: PPP (Purchasing Power Parity) refers to the calculation of PPP at the most detailed level of product categories, such as two types of rice. For each pair of economies, the basic-heading PPP is computed by taking the geometric mean of the price relatives between them for the specific products being compared, which allows for a bilateral comparison of price levels.

China’s Economic Slowdown: Key Insights and Global Implications China’s economic growth slowed to 4.9% in Q3 2024, down from 6.3% in Q2. Exports fell 6.4% YoY in October, and property investments—critical for nearly 30% of its GDP—declined by 7.7% YoY. Major players like Goldman Sachs and Morgan Stanley now peg China’s 2024 GDP growth at 4.3–4.5%, highlighting deeper structural issues. For India, projected to grow at 6.3% in 2024, this presents a mixed bag. While China’s slowdown opens opportunities in global supply chains, reduced demand could pressure Indian exports and commodities markets. With the Yuan weakening by 5.4% against the USD, global currency markets are also feeling the ripple effects. The question is, how can India position itself amidst these global shifts? Let’s discuss. _______________________________________ Follow Yash Nagar for more.. #Economics #China #WorldEconomy #ChineseEconomy #XiJinping #India #EconomicGrowth #IndianEconomy #GDP

China’s Economic Revival & Market Momentum: Key Insights for Investors China continues to make waves with positive economic news. This Tuesday (Oct 8), the government is set to hold a meeting on “incremental policies to promote upward economic momentum,” adding to the recent surge in market optimism. In just the last two weeks, the Hang Seng Index has climbed 20%+ following announcements of an economic package aimed at stimulating overall growth, with a special focus on real estate and the stock market. Foreign Institutional Investors (FIIs) have taken notice, turning positive on China, while India has seen significant outflows during the same period. What to expect from China: The positive momentum in China’s stock market is likely to continue at least until the latest GDP data is released this month. Watch this space closely as China’s economic recovery strengthens. India’s Outlook: While China enjoys renewed investor interest, Indian markets could remain volatile in the short term. However, with earnings season around the corner, expect potential positive surprises in sectors like IT and FMCG. Takeaway for long-term investors: Volatility brings opportunity. Keep an eye out for buy-on-dip moments in the Indian market as it navigates these temporary fluctuations. Sectors to watch: OMCs, FMCG, METALs and PVT BANKs #MarketInsights #Investing #ChinaEconomy #StockMarket #FIIs #IndiaEconomy #LongTermInvestment #BuyTheDip

Since 2014, China has been the world’s largest economy by PPP-adjusted output. By market exchange rates, it’s still second in the world. At second place, the U.S. is about $4 trillion behind China by this particular metric. India is ranked third, with its PPP–adjusted GDP nearly four times that of its nominal GDP and Russia and Japan round out the top five. When looking at it through the lens of geopolitics, the BRICS countries are doing better collectively than the G7, aided in great part by India’s massive boost. Born during the 1970s oil crisis, the G7 emerged as a group of the world economy’s cool kids: large, mature, high-income economies dominating key global sectors. Then, in the 2000s, BRICS showed up—a collection of countries mostly from the “Global South”— vying for influence with their steadily growing economic might, boosted by globalization. Now they’re positioned as competitors to the G7. Together, both groups are in the G20, the world’s 20 largest economies, which accounts for 70–85% of the world economy (depending if nominal or PPP-adjusted GDP is used). Source: https://lnkd.in/gcmtM9JJ #economy #america #china #brics #commerce #trade #finance