India and Indonesia: The Race to Becoming the Fastest Growing Economies
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Published 2023-05-07
According to IMF projections, India and Indonesia are expected to be the fastest-growing economies among the top 20 in 2023 and the next five years. These Asian powerhouses, with a collective population of 1.7 billion, are currently among the fastest-growing economies in the world. In this video, we will take a closer look at these rising powers in the global economy and their race to the top.
India, with its massive population and rapidly developing infrastructure, has emerged as a major player in the global economy. Its manufacturing sector, which includes industries such as automobiles, pharmaceuticals, and IT services, has grown significantly in recent years. Similarly, Indonesia has made significant strides in its manufacturing and infrastructure sectors. The country has become a major exporter of textiles, palm oil, and electronics, among other products.
This video will analyze the key factors driving the economic growth of India and Indonesia, such as infrastructure, manufacturing, leading export sectors, industrial policies, and geopolitical stances. It will also explore the competition between these two rising powers and their potential impact on the global economy.
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All Comments (21)
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As an Indonesian i always see India as our big brother, India culture, tradition, religions, and food influence our Indonesian culture. our relationship is indeed go way back 2000 years before, and heres for another 2000 years! 💪👍
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Love to Indonesia from India. I love Indonesia and Indonesian people. They seem humble, polite, and cultural in general. Let's rise together 🫡
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I hope both countries have a rapid growth and prosperity. The best wishes for India and Indonesia from Argentina
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India is actually a neighbour of Indonesia. The Andaman Nicobar islands. ❤to all the Indonesian people 🙏 from India 🇮🇳
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Love India & Indonesia from Thailand 🇹🇭
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We will rise together , i am an Indonesia 🇮🇩, very proud to be Indonesian Love INDIA ❤ from Indonesia 🇮🇩
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As an Indonesian, I say that Indians are the greatest technological geniuses in the world. The proof is when I experienced confusion in my major in informatics engineering in lectures. There must be Indians with the most detailed explanations and teaching you to the highest level, on YouTube. The world's big tech CEOs even have an Indian, as CEO of their company. The youngest programmer is also from India.
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Rooting for Indonesia. May we all thrive!! 🇮🇳🤝🏻🇮🇩
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LOVE INDIA ❤ FROM INDONESIA 🇮🇩🇮🇩
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Hello i'm from Indonesia, indian people so kind and humble. I have friend from Guwahati Assam❤
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We love indonesia 🇮🇩 , let's grow together 💪💪 , this is indeed an asian century Love from india 🇮🇳
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Its great to have India as our bestfriend . LOVE INDIA from INDONESIAN here.. only ❤️❤️❤️for INDIA
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It's good to see people of both the country of india and Indonesia talking about the disadvantage and discussing possible solution for every problem in a constructive manner Kudos to people of both the country
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We Indians see Indonesians as our Brothers, Not as Competitors. If they do better than us, Good for them !!! We will always stand for Progress and Develpment of Indonesia.
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I think Indonesia has advantage in logistics. They are closer to developed economies of East Asia. Their transport system will be based on Water, much better than India's land based transport. But India has advantage in population. A lot more workforce. Also currently better in digital infrastructure and IT. Edit: sorry, guys. I was wrong. According to Indonesian people, it's much harder for them to build infrastructure due to mountains and forests and combined with being lots of islands.
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I visited Bali last month.. I like Indonesia and its people very much.. Almost same culture 🙏🙏I would like to visit other islands of Indonesia.
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India will always be our brother country. Love india from indonesia 🇮🇩❤🇮🇳
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India's and Indonesia's relations is an anamoly, like they have good relations, which is very rare for nation which directly compete with each other. Infact they complement each other's growth most of the time, which is extremely rare.
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Did you know that in Indonesian the word 'barat' means 'the west'? This is because India (Bharat)🇮🇳 is to the west of us (Indonesia).🇮🇩🙏🙏🙏 EDIT : It turns out that, this was pure coincidence. The word "barat" comes from the Austronesian language family. But I think this was a nice coincidence.
