Economic Survey 2024-25: China’s manufacturing dominance nears 45% of global output, poses long-term strategic challenges for India

Quick Summary:

The Survey noted that China’s control over the global distribution of critical minerals and other economic resources raises concerns about long-term dependencies.

It further noted that in an extended “war of production,” there is no guarantee that the entire world, united, could defeat China alone.

In 2000, the US and its allies in Asia, Europe, and Latin America accounted for the overwhelming majority of global industrial production, with China contributing just 6%.

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Article Details

Author / Journalist: Shariq Khan

Category: Business

Markets: IndiaChinaGermanyJapan

Topics: Electric vehicles industry China manufacturing dominance Global manufacturing output Nirmala Sitharaman Economic Survey 2024-25 China global supply chains Strategic challenges for India

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-31 @ 14:57:50 (5 hours ago)

News Timezone: GMT +8:00

News Source URL: economictimes.indiatimes.com

Language: English

Article Length: 502 words

Reading Time: 3 minutes read

Sentences: 18 lines

Sentence Length: 28 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Economic Times

News ID: 25665635

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