Wali Zahid | IMC
Ten photos that foretell the rise of two world powers – China and India
While global politics take a backseat, both China’s Xi Jinping and India’s Narendra Modi are meeting CEOs of American tech/Fortune-500 firms during their visit to US this month for UNGA (United Nations General Assembly) session.
Here are ten photos that show how priorities of world powers are changing.
1 China’s President Xi Jinping meeting American CEOs. Companies represented in this photo have a combined market capitalization of $2.5 trillion.
China’s world-reshaping Belt and Road Initiative
VIDEO: An economic history of the world in 1 minute. Source: The Economist
Pakistan’s place in 2050: Back to the future: Pakistan in 2050
2 India’s PM Narendra Modi interacting with some of the Fortune-500 CEOs in a special event in New York.
3 India’s PM Modi in meeting with CEOs of Google, Microsoft and other tech giants.
4 Modi with founders and CEO of Google at their Santa Clara County, California, headquarters.
5 Modi with Facebook CEO Mark Zukerberg at their Menlo Park, California, headquarters
6 It was last year (2014) when China crossed US as world’s No 1 economy on GDP PPP terms. India is at No 3. Updated April 2018. Source: IMF World Outlook
See: How China beats US economy by a trillion dollar every year
7 Global economic growth is now more reliant on just three countries – China, USA and India. All the rest of the countries add about half point of GDP growth. Source: The Economist
8 India overtakes China & US as world’s top FDI destination. $31 billion in first half of 2015. This means $1.2 billion every week. Total India FDI in 2015: $63 billion. Contrast with Pakistan: Total FDI in 2015: Less than a billion. Source: Financial Times
9 In 2050, China is world’s No 1 economy and India is No 3 by GDP, according to Goldman Sachs. Source: BBC
10 In 2050, China is world’s No 1 economy and India is No 2 by GDP PPP, reducing US to No 3 position, according to PwC.
PS: Pakistani PM Nawaz Sharif also visited New York for UNGA 2015 session. The only high-profile meeting reported was with Bill Gates, former CEO of Microsoft. Unlike Xi and Modi, it was to seek Gates Foundation’s support for polio eradication program in Pakistan, and not for business opportunities.
Result: Total Pakistan FDI in 2015: <$1 billion (partial attribution to UNGA presence)
PPS: September 2016: PM Nawaz Sharif is visiting New York for UNGA 2016 session. I produced this video message for him: Pakistan at UNGA 2016 | Are our priorities right?
See also on this blog:
The world in 2100
Africa: Nigeria largest economy, China largest single trading partner
Total fertility rate falling in world; rising in Africa, Pakistan
Pakistanis to have shorter lives as the world will live longer
Number of nuclear warheads down worldwide, up in S Asia
The 2050 world through Wali’s eyes: Urdu Digest interview
With a parade, China announces itself as the next superpower: TIME
The World Bank, meet your challenger: China-led AIIB
Xi Jinping: most powerful Chinese leader since Mao
Work on India’s first bullet train starts
What India’s Modi did or didn’t achieve at BRICS Summit
Small change, big impact: Modi’s reforms
India vs Pakistan military power
What is in for Pakistan and India in SCO Qingdao Summit?
A bit on Pakistan, too:
Pakistan at $300B is world’s 40th largest economy
Pakistan is now a trillion-dollar market
Wali on Pakistan of future
Pakistan to become 16th largest economy by 2050: PwC
CPEC fact sheet: 2013-2018
Pakistan at Shanghai Cooperation Organisation (SCO): A timeline
Long Term Orientation in Pakistan: from Zero to 50 in 2 years
Pakistan is the world’s fastest-growing Muslim economy: The Economist
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