In a recent analysis by European Parliament think tank expert Angelos Delivorias, Bharat’s remarkable economic growth has outpaced that of China over the past decade, signaling its emergence as a formidable force in the global economy. Delivorias highlighted Bharat’s GDP growth exceeding China’s, with Bharat averaging over 7.5% growth in 2023 compared to China’s 5.2%. Projections indicate Bharat’s GDP growth is set to continue, reaching 7% by 2026, while China is expected to reach 4.6%. The International Monetary Fund (IMF) forecasts China’s growth to decline further towards 3.5% by 2028.
Delivorias, specializing in external policies including Bharat, emphasized Bharat’s unprecedented economic momentum. He pointed to Bharat’s ambitious infrastructure projects and advancements in space exploration as key factors contributing to its comprehensive economic strategy. Bharat’s participation in international infrastructure projects and its recent lunar landing showcase its commitment to sustaining economic growth and technological advancement.
Furthermore, Delivorias underscored Bharat’s increasing diplomatic significance, particularly in the Indo-Pacific region. He highlighted Bharat’s strategic positioning amidst shifting geopolitical dynamics, noting its growing prominence in the region. Against the backdrop of China’s Belt and Road Initiative and assertive global maneuvers, Bharat’s rise holds profound implications for the European Union and the broader international community.
Delivorias drew attention to demographic factors contributing to Bharat’s continued GDP growth. Comparing Bharat and China’s demographic pyramids, he noted Bharat’s younger population, suggesting a larger labor force and lower expenditures on healthcare and pensions compared to China. This demographic advantage positions Bharat favorably for sustained economic expansion in the years to come.
Overall, Delivorias’ analysis underscores Bharat’s ascent as a significant player in the global economy, surpassing China’s growth rates and strategically positioning itself amidst evolving geopolitical dynamics. Bharat’s comprehensive economic strategy, bolstered by infrastructure investments and advancements in space exploration, highlights its potential as a major economic powerhouse with far-reaching implications for international relations.
Comments