The Chinese economy is under pressure. Why this situation can be beneficial for India

The World Bank rates India's position as "most resilient" in the face of global economic chaos. In a situation where even the Chinese economy is slowing down,

India's economic transformation is gaining momentum. The timing is better than ever: China's slowing economy and its confrontation with the United States are forcing many businesses to look for new places to locate production in order to minimize risks.

The government of Narendra Modi will allocate nearly 20% of its budget to capital investment this year, the highest in at least decades. According to the plans of the Prime Minister, India will join the ranks of developed countries in the next 25 years. Modi's grand ambitions are by no means unfounded and can be realized if the country, which, according to some reports, recently surpassed CHINA in population, successfully takes advantage of the current economic situation.

“India is on the cusp of huge change,” said Nandan Nilekani, founder of Infosys, one of the country's largest technology companies. According to him, the country has managed to create a huge potential to support tens of thousands of start-ups and industrial, including high-tech, production.