Question

Hello guys.. if we look at map in 1950 the production of steel was similar in India and in China.. But now the hell china growth significantly.. ...... Jai hind Answer plzzzz

Answer 1

Widespread labor strikes and a slowing domestic economy have put pressure on local Chinese officials to keep factories going, even as leaders in Beijing have pledged to cut capacity and said they could lay off millions. Most of these factories are state-owned, meaning they’re subsidized by the government, rather than making market-driven decisions.

Answer 2

Heya User ✌

Here's your answer friend,

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✔ According to your question...

If we look at the map in 1950 the production of steel was similar in INDIA and China. But now why the China is growing significantly?

$Answer$

➡ As the emerging markets of Asia holds the promise for the world's corporation. INDIA and China are two key markets in the Asia.

But China today leads INDIA significantly as it gets 10 times as much as foreign direct investment as INDIA does.

It's economic growth rate is also more than that of INDIA.

China has high savings rate.

China's leadership has always focused on investment in models and showcases.

Moreover China has a very large population than INDIA. And it has created many flexible zones, high tech zones, complete with tax incentives and good infrastructure.

It has a good fortune and got a strong manufacturing base.

✳ So INDIA is leading behind than compared to China.

Hope it helps you.

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KANISHKA