Defaults by Chinese borrowers have hit a record high post-pandemic, with 8.54 million individuals blacklisted from economic activities. This surge, up from 5.7 million in 2020, represents about 1% of China s working-age adults. Concurrently, China faces deflationary pressures, with consumer prices falling rapidly in November. The World Bank predicts China s economic slowdown in 2024, marking a departure from its previous status as a global growth driver. Meanwhile, India, perceived as China s replacement, must focus on consistent growth through manufacturing and exports.
FDI in India: Calling India a land of opportunities, PM Narendra Modi reposed his faith in the country’s economy during his address at the G20 Trade and Investment Ministers’ meeting. As one of the fastest-growing economies in the world, with huge consumption demand, the country is attracting many global investors. The government has also rolled out various reforms to spur foreign investments. As a result, FDI has doubled in the past decade. BT Magazine’s The Point decodes India’s FDI story over two decades.
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