Digital Desk: One of the significant headlines of this year was about China overthrowing the United States (US) in terms of being the richest country in 2021. On the other hand, India ranks much behind with its ultimate desire of always being compared with Pakistan.
China has overthrown the US, not with a slight margin for reaching the top rank in richest countries in the world. The difference in dollars seems uncountable. Data stated that China counts around $113 trillion compared to US's $50 trillion. The margin of defeat is much higher.
China has become the world's richest nation because the global wealth tripled over the last two decades. As per the research arm of advisors operating in McKinsey & Co., the world's net worth increased to an exceptional $514 trillion in 2020. This is an increase from an earlier net worth of $156 trillion in 2000. This time China took the most extensive single share: nearly one-third of the world's income.
What sounds challenging for India is not comprehending the necessity to vie with the world's top-ranking nations and not just Pakistan. India's comparison with Pakistan in almost every aspect has become a sore disease for the nation's development.
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Significantly, this year, China has become one of the leading competitors for the powerful nation US. China has anyway thrown the ranking of the US for being the wealthiest nation in the world. What might be the reason for this growth and downfall of the US?
One reason that can definitely get into review is the surge of Covid-19. Many claimed that Covid-19 has emerged from China as a cold war attack for all other nations. Can this be true when we witness the downfall of the US and the sudden major growth of China in all most every aspect?
The pandemic has left most of the nation's GDP and rankings at a standstill. There was a severe threat for nations around the world due to Covid-19. However, the rise in China's ranks and wealth also shows a different picture for consideration.
Regarding India, the nation definitely needs to look out for better objectives for growth. The typical concept of every Indian being compared to the growth of Pakistan, even over cricket scores, will never bring a major change in rankings. It's time for the nation to look out of the box. It's time to break some stereotypes of being happy and satisfied with besting over Pakistan.
This year has brought significant changes all over the world in every aspect. The upcoming year will again witness some of the unpredictable changes. But what matters for any nation is to do worthy contributions to make a better world to live in.
Moreover, the objectives set by any nation should be executed properly for optimistic outcomes. China won the toss in 2021, overthrowing the United States. India still needs to bid farewell to the decade-old belief of comparing everything on Pakistan face and making some vital goals with intellectual concepts.
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