Since Modi became the Prime Minister of India, India's GDP has grown by leaps and bounds. Looking closely, India has made some changes in the calculation method of GDP, and now it even adds cow dung as the output of organic fertilizer to GDP. And because India is a traditional cattle-raising country, the contribution of cow dung to India's GDP can be imagined.
Being the third country in the world in 10 was Modi's slogan in India's second presidential campaign. On the eve of the 20 19 general election, Indian Prime Minister Modi's People's Party once said that it would become the third largest economy in the world in 2030! In other words, in 10 years, India must surpass Japan, Germany, Britain and France, the four traditional economic powers and economic powers.
India is now playing the idea of founding a country and making a fortune through overseas trade. Modi's most famous slogan is "sold all over the world, but made in India". Now India's manufacturing industry has just tasted a little sweetness, and the so-called industrial system construction has not even laid a good foundation. Unfortunately, it has been hit by this potential economic crisis and anti-globalization trend. In this case, no matter how magical Modi is, he can't stop this countercurrent attack. Therefore, India's economic slowdown is affected, which is inevitable to some extent.
Although the overall environment is really bad, it does not mean that India must be unlucky. Just like Vietnam, it also eats global trade, but it is not unlucky in this anti-globalization trend. Instead, through the east wind of the Sino-US trade war, it has undertaken many industries transferred from China; Even Taiwan Province Province, which is in decline, obtained relatively beautiful investment growth data in the first half of this year because of the return of some Taiwanese capital.