Right here on Yesterday our Minister for Industry and Commerce signed some important agreements with Japan and Malasyia. In the wake of China's astonish growth which overwhelmed Japan, India's pact with Japan has great relevance. Japan has almost agreed for the entry of Indian pharma companies in Japan without any stringent restrictions. Additionally, this Mumbai Delhi Industrial Corridor will develop with the support of Japan. At the same time China has started its chaotic and rubbish plans to stop the dream of India and Japan to the permanent seat of United Nations Security Council. Anand also signed some key agrements with Malasya also.The Comprehensive Economic Cooperation Agreement (CECA) and Free Trade Agreements with both countries make India a pivotal role in Asian economic growth.
Excerpts :
Excerpts :
China finally overtook Japan as the second largest economy in the world. The rise of the red dragon was highly anticipated since the beginning of the decade; however, global economic downturn catalyzed a more rapid change in the world order.
China overtook US as the biggest automobile market in 2010 and Germany as the biggest exporter. India , touted by experts as the next big thing after China among developing nations , is expected to overtake Japan by 2037 and become the third largest economy by 20
China overtook US as the biggest automobile market in 2010 and Germany as the biggest exporter. India , touted by experts as the next big thing after China among developing nations , is expected to overtake Japan by 2037 and become the third largest economy by 20
50.
Another One:
Japan has slipped to the world's third-largest economy, falling behind the blistering speed of China's manufacturing growth, according to Japanese figures released Monday.Japan's cabinet office released its nominal gross domestic product figures for 2010. Japan's economy was valued at $5.47 trillion dollars while China was at $5.88 trillion.
China has expanded domestic industries and infrastructure, driven by a surge in exports. Multinational corporations have expanded there, taking advantage of low labor costs.
Japan, meanwhile, has been stuck in stagnation and deflation for two decades. Decisive economic policy has been lost in the revolving door of the country's top leader, with six prime ministers passing through in just five years. Looking ahead, Japan is facing a significant demographic shift, with the world's fastest aging population and one of the globe's lowest birth rates.
On the national debt issue, Japan's parliament is struggling to cap its GDP-to-debt ratio, which is nearing 200% -- the world's highest among developed nations.
The size of an economy does not tell the entire picture, however: Japan's GDP per head is around $40,000 while China's is $4,500. The standards of living remain remarkably different in the two countries. But the economic size of a country gives a snapshot of not just the financial influence of a nation, but its power in the world's political sphere.
Japan's economy did grow in 2010, but only 3.9%, according to the government. China's is expected to grow more than 10%. At the speed China is growing, Japan's government predicts China will overtake the United States as the world's largest economy in less than 20 years.
China has expanded domestic industries and infrastructure, driven by a surge in exports. Multinational corporations have expanded there, taking advantage of low labor costs.
Japan, meanwhile, has been stuck in stagnation and deflation for two decades. Decisive economic policy has been lost in the revolving door of the country's top leader, with six prime ministers passing through in just five years. Looking ahead, Japan is facing a significant demographic shift, with the world's fastest aging population and one of the globe's lowest birth rates.
On the national debt issue, Japan's parliament is struggling to cap its GDP-to-debt ratio, which is nearing 200% -- the world's highest among developed nations.
The size of an economy does not tell the entire picture, however: Japan's GDP per head is around $40,000 while China's is $4,500. The standards of living remain remarkably different in the two countries. But the economic size of a country gives a snapshot of not just the financial influence of a nation, but its power in the world's political sphere.
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