A major change is taking place in the global economy. Many factors, like high inflation, rising debt, unemployment, and declining consumer confidence, are pushing the economies of countries towards a "dead economy". In this situation, is the economy of the world's leading country, the United States, declining? Or are the conditions in the rapidly developing india becoming dangerous? Let's find out the answers to these questions. If we talk about the current economic situation in America, interest rate hikes are an important factor. The Federal Reserve, the central bank of America, has been raising interest rates for the last few years to control inflation. Although inflation has been brought under control to some extent due to these measures, its side effects are clearly visible on the economy. There is a slowdown in consumption and the housing market. people are being cautious about their spending. The housing market has entered a recession. Student debt and credit card debt have increased dramatically. This is reducing consumption among the youth. The US government debt burden has crossed $35 trillion, which is a threat to global financial stability. Confidence in the dollar has decreased, and people are turning to cryptocurrencies like Bitcoin. America is a developed country, but experts warn that its economy is not growing steadily and that there is a risk of falling into a recession in the long term.
On the other hand, india is a rapidly growing economy. The country's GDP growth rate is close to 7%. The manufacturing sector, wallet PLATFORM' target='_blank' title='digital-Latest Updates, Photos, Videos are a click away, CLICK NOW'>digital india, and infrastructure projects are making good progress. However, many critics say that this growth is only visible on the surface, and many problems are hidden inside. The country's youth who have completed higher education are not getting enough jobs. There is a big gap between the growth rate of graduates and the growth rate of job opportunities. The rich in the country are getting richer, but the middle class and the poor are facing financial difficulties. This is increasing economic inequality. Although a large part of the country's population depends on agriculture, their income is not growing at the expected rate. The growing problems of non-performing assets (NPAs) in the banking system are likely to become a threat to financial stability in the long term. Given these circumstances, it is clear that despite growth in india, it is not shared equally by all and that there are internal weaknesses in the economy.
Whose economy is in a dead state?

Both America and india seem to be heading towards the same destination through different paths. America is a wealthy country, but it is slowly declining due to a high debt burden, falling consumption, and loss of confidence in the dollar. It seems like a silent death. Although india is growing rapidly, problems like unemployment, inequality, and financial instability have become obstacles to its progress. The weaknesses behind this growth seem like a hasty funeral.

While the challenges facing the economies of these two countries are different, their ultimate consequences may be similar. One slowly declines into a multi-billion dollar economy, the other seemingly develops but rots inside.
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Sowmiya Sriram

03/08/2025 11:03 AM