India's future development must surpass China

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BBS unknown space station (Fri Jan 26 07:42:11 2018, the United States East)

Although India is still very poor now, its economic development is not as good as that of China, and India's overall market lags far behind that of China. However, Like China, you can not afford to live on more people, especially young people nowadays, and their consumption potential is on the increase.

Sales of Indian motorcycles say that they surpassed China in 2016 and the number of mobile phone users exceeded 10 Hundreds of millions of people, the number of smartphones and annual sales, will soon surpass the United States, transformed into second place in the world, FB use The number of households has already become the first in the world.

Take a motorbike as an example, a motorcycle is a nationally representative individual in this stage of development (1000-3000 USD) in India Means of transport, together with the popularity of mobile phones can explain the vast majority of ordinary people in India are experiencing the same with China before and after 2000 The transition from extreme poverty to the threshold of modern life. China because of the cold winter in the north and the "sedan" face factor, Coupled with the prohibition of motor vehicles in the big cities, the car penetration rate was significantly higher than the same level of developed countries, the level of car consumption (sedan and SUV-based, advocating a joint venture brand) even Japan (like fuel-efficient utility box car size and K-car) can not compare. To a certain extent, it can be regarded as early withdrawal of the economic development that the automobile industry can pull. 20 million units are indeed seconds India, will But it is difficult to have a substantial increase. Although sales in India is low, it is also in line with the normal development of this phenomenon, But also rapid growth.