Jinnai Wealth Management：Modi, the fourth largest economy in India next year or Super Japan, promises the third (2)

On April 14, local time, the Indian People's Party, where Modi was located, announced the campaign declaration called "Modi's commitment" at New Delhi headquarters.At the declaration conference, Modi proposed that the country would make the country a "developed country" in 2047.He also promised to increase social expenditure, develop infrastructure, and build India into a global manufacturing center.

"Nikkei Asia" states that although India has suffered economic recession during the new crown epidemic, it has achieved high growth under the promotion of population growth in recent years.The Bank of India estimates that the actual GDP in fiscal 2024 will increase by 7%.However, although the middle class of India is expanding, the per capita GDP per capita is currently only about 2,000 US dollars. This level is about one -fifth of India and is just close to the level of Bangladesh.Jinnai Wealth Management

For Japan, under the catch -up of emerging countries, its "economic country" status is also challenged.Recently, the Japanese yen exchange rate has experienced a sharp depreciation in the New York foreign exchange market. It once redeemed 154.33 yen at 1 US dollar, refreshing the low point in recent years.During the same period, the exchange rate of the yen on the RMB also reached a new low, and 100 yen exchanged RMB to 4.7 yuan.This exchange rate change has a significant impact on the tourism, shopping and investment markets.

Ken Kobayashi, president of the Japan Industry and Commerce Council (TCCI), said that the Japanese financial authorities should consider coordinating the exchange market intervention with other countries to support the yen.According to reports, Xiaolin Jian said that due to the lowest point of the yen against the US dollar in nearly 34 years, Japanese small and medium -sized enterprises are suffering from the increase in the cost of imported raw materials.

Although the depreciation of the yen has helped an industry with high overseas sales (export increased by 7.3%in March), companies with domestic demand -oriented companies are difficult.Some small and medium -sized enterprises that cannot be passed on to rising costs cannot deal with the impact of the devaluation of the yen.According to a survey by the Tokyo Institute of Commerce and Industry, since July 2022, companies related to weak yen have closed for 20 consecutive months.For example, Liu Jing, chairman and president of Fasting Corporation, said this month that the yen is weak "not only is not good for our company, but also not good for Japan."

Japan's "Daily News" reported on January 23 that Japan's economic dilemma was not only affected by the depreciation of the yen. As the population decreased, the economic growth rate decreasedJaipur Stock. This is a structural issue that Japan is facing.According to the forecast of the United States Goldman Sachs, in 2075, Japan will fall to the 12th place in the world and worship against Indonesia, Brazil, and Nigeria.