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China’s Economy is the Path Forward, Says Supradip Chakma

by Noah Rodriguez
May 4, 2025
in Algeria
We have to move forward following India, China’s economy: Supradip Chakma – Risingbd.com
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Table of Contents

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  • Harnessing Economic Growth: Lessons from India and China for Emerging Nations
    • Strategic Pillars Behind India’s and China’s Economic Ascendancy
    • Navigating Priority Sectors: Opportunities for Targeted Investment

Harnessing Economic Growth: Lessons from India and China for Emerging Nations

In today’s rapidly globalizing world, aligning national economic strategies with the dynamic growth models of regional powerhouses such as India and China is more critical than ever. Supradip Chakma, a prominent expert in economic policy, stresses the importance of adopting innovative approaches that mirror the successes of these two Asian giants. In a recent discussion with Risingbd.com, Chakma outlined essential measures countries must implement to stimulate growth and innovation amid ongoing challenges like inflationary pressures, geopolitical uncertainties, and technological shifts. His perspectives provide a valuable roadmap for navigating the complexities of modern economies.

Strategic Pillars Behind India’s and China’s Economic Ascendancy

India and China have demonstrated remarkable economic expansion through distinct yet overlapping strategies that other nations can emulate to boost their own development trajectories. The following core elements have been instrumental in their success:

  • Robust Infrastructure Development: Both countries have heavily invested in upgrading transportation networks and digital connectivity, which has catalyzed industrial activity and enhanced market integration.
  • Revitalization of Manufacturing Sectors: By fostering domestic production capabilities through supportive policies, they have generated millions of employment opportunities while driving technological innovation.
  • Liberalization to Attract Foreign Direct Investment (FDI): Creating investor-friendly environments has accelerated technology transfer processes and invigorated local industries.
  • Focus on Education & Skill Enhancement: Prioritizing human capital development ensures a workforce equipped to meet evolving industry demands.

Apart from these foundational pillars, nurturing vibrant digital economies has become indispensable for sustained progress. Both nations have leveraged startup ecosystems to capitalize on global trends toward digitization. The table below illustrates key metrics reflecting their digital economy performance as of recent data:


KPIIndiaChina
Total Internet Users (billions)0.83*1.05*
E-commerce Annual Growth Rate (2023)29%17%
Total Unicorn Startups85+130+

*Source: Latest reports from Statista & World Bank

The rapid expansion in internet penetration combined with robust e-commerce growth underscores how embracing technology-driven solutions can unlock new avenues for economic diversification.

Navigating Priority Sectors: Opportunities for Targeted Investment

The phenomenal rise witnessed by India and China highlights the necessity for emerging economies to identify sectors ripe for investment that promise sustainable returns while enhancing competitiveness globally. Four sectors stand out prominently:

  • ● DIGITAL TECHNOLOGY AND INNOVATION: With breakthroughs in AI applications, fintech platforms revolutionizing financial inclusion, software exports continue surging worldwide.
  • ● CLEAN ENERGY SOLUTIONS: As climate concerns intensify globally—with renewable energy capacity growing at an unprecedented pace—investments here align environmental goals with energy security.
  • ● MASS MANUFACTURING WITH A GREEN FOCUS: Modernizing factories using sustainable practices not only boosts output but also meets rising international standards.
  • ● SUSTAINABLE AGRIBUSINESS DEVELOPMENT: Integrating agri-tech innovations enhances productivity while supporting rural livelihoods amid food security challenges.
  • < td >< em>CLEAN ENERGY
    (Solar/Wind/Battery Storage)< td >11%< td >Environmental resilience & reduced fossil fuel dependence

    < td >< em>SUSTAINABLE MANUFACTURING
    (Green factories/Automation)< td 8%
    Sector Focus AreaEstimated CAGR (%) Through 2030*Key Advantages Gained
    DIGITAL TECHNOLOGY & INNOVATION
    (AI/Fintech/Software)
    < td >14%< td >Job creation & competitive edge globally

    < / tr >

    < tr >

    < td SUSTAINABLE AGRIBUSINESS Agritech-enabled farming/rural upliftment CAGR:7% Food security enhancement/rural income generation < / tr >

    < / tbody >

    < / table >

    *Projections based on International Energy Agency (IEA) & McKinsey reports

    This diversified approach allows countries not only to tap into high-growth markets but also build resilience against sector-specific shocks by balancing traditional industries with emerging ones.

    Tailored Policy Frameworks Driving Long-Term Prosperity

    Sustainable advancement requires governments crafting policies that foster innovation ecosystems while simplifying regulations conducive to business expansion across all scales—from startups up to multinational corporations.

    •  < strong >        <b&gtInvesting Heavily In Digital Infrastructure:</b&gt Enhancing broadband access,&amp;amp;amp;amp;amp;amp;amp;amp;amp;a href="/technology"&gtcommunication networks</a>,and smart city initiatives improves productivity.</ li>

      <br/>

      <br/>

      <br/>

      <br/>

    • &amp nbsp ;& lt ; b gt Supporting Small And Medium Enterprises :& lt ;/ b gt Providing tax breaks , credit facilities , And mentorship programs empowers SMEs To Drive Employment And Innovation .& lt ;/ li gt ;

      <br/>

    • &amp nbsp ;& lt ; b gt Promoting Green Policies :& lt ;/ b gt Incentivizing Renewable Energy Projects , Waste Reduction Initiatives , And Sustainable Manufacturing Practices Attracts Environmentally Conscious Investors .& lt ;a href="https://capital-cities.info/2025/03/02/america/brazil/emerging-industrial-markets-sao-paulo-cbre/">(Source)</a>.

       
       
       
       
       
       
       ;

      An effective education system paired with vocational training tailored towards future skills remains vital so workforces stay adaptable amidst rapid technological change.</ p>

      /tr>

      Tax Reforms

      Attraction Of Foreign Direct Investments

      /tr>

      Research Funding

      Acceleration Of Technological Innovation

      /tr>

      /tbody>

      /table>

      A Vision Forward: Emulating Success While Charting Unique Paths

      The insights shared by Supradip Chakma underscore Bangladesh’s imperative need—and indeed opportunity—to recalibrate its economic blueprint inspired by lessons drawn from India’s vibrant dynamism alongside China’s manufacturing prowess.</ p>

      The evolving global landscape demands agility coupled With strategic partnerships That leverage both regional strengths And internal potentialities.</ p>

      If Bangladesh embraces forward-looking reforms centered around innovation promotion,&amp nbsp;sustainable investments,&amp nbsp;complex stakeholder collaboration,&amp nbsp;if it does so effectively,it stands poised not just To participate But To thrive within Asia’s competitive arena—and beyond.</ p>

      *All statistics are current as per mid-2024 data sources including Statista,WTO,and IEA.*

      Tags: Asiabusiness strategiesChinaChina economyChittagongdevelopmenteconomic developmenteconomic growtheconomic policyEconomyEmerging Marketsgeopolitical issuesGlobal economyIndiaInternational RelationsinvestmentRisingbd.comSupradip Chakmatrade
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