China, Russia and North Korea are ready to checkmate the democratic countries of the world

- The Conundrum of Economics - Dhawal Mehta

- In 2023, the economic growth rate of the world is estimated to be 2.7 percent

The Covid pandemic and its aftermath have weakened China's economy. The US has put restrictions on imports from China into the US. It has stopped sending some important electronics parts to China and China's economic growth rate is much lower than India's economic growth rate of about 6.8 percent.

Now all the countries of the world are convinced that Russia and China are regionalist countries. Russia wants to usurp an independent country like Ukraine and China wants to usurp an independent and autonomous country like Taiwan and at the same time China wants to take part of India's Arunachal and Ladakh in its own name. Currently in the world, Russia, China and North Korea want to get together and 'checkmate' the democratic countries of the world. Russia's encroachment on Ukraine has weakened the world's economy and supply chain networks in particular.

In short, many countries of the world became interdependent due to strong supply chain and globalization was progressing rapidly but now the world is deglobalizing. Communist countries want to organize and defeat democracies without war because Russia, China and North Korea have dictators in power for life. They want to increase their sphere of influence in the world. Yet the meaning of the world is viable. In 2022, the economic growth rate of the world was 3 percent. Which was better than the increase in world population of about 1 percent and it is estimated that the world economic growth rate will be 2.7 percent even in the calendar year of 2023.

India's economy is booming at a growth rate of 7.2 percent in 2022-2023 and is estimated to register a growth rate of 6.8 percent in 2023-2024 as well. Compared to India, Pakistan's economy has become almost bankrupt and the government of Pakistan has not been able to control inflation. The prices of coconut oil in India have taken me by surprise and a liter of oil has gone up to around 200 rupees. Rising oil prices and high unemployment rates seem to be troubling the Modi government.

India's inflation rate, which was hovering above 7 percent in July-2023, declined from 7 percent to 6.8 percent in August 2023, so not to be happy as the country's vegetable prices fell. (Rs 200 kg tomato is now Rs 30 kg) So the inflation has come down a little but the prices of food grains, marimsala, coconut oil, gas, petrol and diesel etc. in the country have increased by about 11 percent.

In the field of economics, the Modi government is as good as the Manmohan Singh government, so it will keep inflation under control. There are reports that unemployment in the country is high and rising but the employment rate cannot be increased overnight. Escalation measures are not immediately fruitful. It is called 'timelag' in economics. In this context we can interpret the English letter lag as 'lame'.

Democracy in danger

A picture has emerged that the country's democracy is under threat. ED to those with opposing views. Opposition parties, intellectuals, journalists, professors, independent thinkers have been fed up due to the incidents of being sent to jail on defamation charges that the Income Tax or our sentiments have been hurt.

'Theocratic' states like Iran, Pakistan or Afghanistan destroy human freedom and human dignity. We do not want a theocratic state.