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Is India the next China

After China, India is the most populous nation in the world, and probable to become number 1 in terms of population by 2030. India also has one of the newest work forces with nearly half of the nation being under 25 years old, creating the labor abundant and cheap however India has different dynamics in terms of its trade arrangement.

Unlike China, its manufacture is more internal oriented (not export based) since its economy is thriving with national consumption. A lot of traders also have trouble dealing with some Indian providers in terms of production and quality matters, thus this is a big worry for its exports. Unlike China where you can find a plant dedicated in every commodity, India’s main export commodity is textiles, and slowly home furnishing is becoming a rising commodity for exports but still not enough to compete with China where it’s regarded as the only country where you can source anything.

Additional matter that India faces against China is infrastructure. Unlike China, India does not have the controlling agenda to permit large scale infrastructure projects. In terms of shipping for example, China now has 9 ports in the top 50 ports in the world where India has only one in that list. But overall India has a lot of potential with its developing young workforce and infrastructure, to replace China as the world’s biggest factory.