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To make a like-for-like comparison, Ember adjusted gross domestic product for purchasing power, placing India’s current per-capita income of about $11,000 at the same level as China’s in 2012. At that income level, India is deploying clean electricity more rapidly and consuming far less coal and oil per person than China did. India has set a goal of building a one trillion dollar manufacturing economy by the financial year 2026. The report suggests a shift beyond reliance on labour availability alone. Greater focus on skill development and digital infrastructure is seen as necessary for future growth. India shows strength in workforce availability and a growing domestic market.
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It is now stretching from the Oman–Arabian Sea region into parts of north and central India. Dutch carrier KLM cancelled its flight from Amsterdam to Delhi due to the volcanic ash plumes. IMD scientist AK Das said the eruption sent plumes soaring up to 14 km into the atmosphere. We expect the ash cloud from it to move completely towards China after 7.30 pm today,” he said. Mohapatra had added that the dispersion pattern indicates the ash cloud will soon shift out of India’s airspace.
At the same point in its development, China’s per-capita oil consumption for road transport was about 60% higher. As a result, Bond said India’s road-transport oil demand per person may never reach Chinese levels. When Modi first took office in 2014, his government praised China as an essential partner for India’s growth and development. But as China took a more assertive foreign policy position in the following years and continued growing its expansive BRI, India began to worry about China’s global aspirations.
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