Chinese-Dragon
RETIRED TTA
- Joined
- Jul 9, 2010
- Messages
- 33,932
- Reaction score
- 52
- Country
- Location
1. President Obama's newly announced foreign policy
They are hedging their bets after we showed no interest in their "G-2" proposal.
However, we are still the two main drivers of the world economy (even if America grows at 1.5% then they are still adding more to their economy than any other country in the world except China), and our economies are interdependent. Both sides are mostly interested in preserving the status quo, though China benefits more from it than America does.
2. U.S turnaround in economy
3. Again India's partnership with Russia
4. Japan though sitting on a stagnant economy but with huge foreign exchange resrves
2. Will most likely boost our own economy as well.
3. We co-founded the SCO with Russia, and double-veto with them on the UNSC. Even when they were our worst enemies in the 1960's they still didn't help India against us.
4. Japan derives most of their low economic growth from China, and they have a pacifist constitution anyway. No real threat.
5. India's economy growth as well
6.1% of a 1.7 trillion economy is not exactly Earth-shattering at the moment.
In fact if you check the nominal GDP data from the IMF and the World Bank, India's GDP ranking fell from 2010 to 2011. (First column is IMF data for 2011, second column is World Bank data from 2010)
List of countries by GDP (nominal) - Wikipedia, the free encyclopedia