World's oldest Japanese economy, Indians are reaping the benefits

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Oldest Economy in the world: There are total 197 countries in the world. Out of which some of the country's economy is very good while some of them are in bad condition. If the economy of the country is good then it can be said that the country is developing. Also, if the economy of the country is disturbed, then the situation of poverty is created in the country. But do you know what will be the situation when the economy becomes old and where the economy of the country is very old.

Japan's economy is aging

Japan is an aging country. Most of Japan's population is facing an aging crisis. Which is affecting the economic development of the country. Also the increasing age of the Japanese people also shows that the Japanese economy is the oldest economy. Japan also lost its position as the world's third largest economy due to the recent recession in Japan.

Japan was on the verge of becoming the world's largest economy

According to IMF statistics, Japan's economy was 6.3 trillion dollars in 2012, which is now declining. Local currency yen weakens from 80 against the US dollar to 140 now, the negative interest rate of the government and the central bank (i.e. it costs depositors to deposit money in the bank) continues to weaken. Japan has a declining population, a low birth rate, and one of the world's largest elderly populations. With a third of the country's population over the age of 65, the economy has been growing at about 0.2 percent to 1 percent for the past decade, with domestic purchases and people's purchasing power very low. and due to this the size of the economy has decreased.

Japan is the fifth largest investor

Due to the increasing age of Japanese people, the government there is giving opportunities to people from other countries. Indians are also taking advantage of this. Between April 2000 and September 2022, Japan has invested about US$ 38 billion in FDI in India. Along with this, Japan has become the fifth largest investor country for India. Also, in the year 2023, Japan's economy has grown at a rate of 1.9 percent.

What is the state of India's economy?

If we look at the economy of India, our country is currently young. Majority of the population here is youth. This is the reason why India is also among the fastest developing countries.

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