Chasing the Dragon
Chasing the Dragon
➦ This is one of the most popular and widely used slang phrases which originated from Hong Kong. It is widely used by economists of various countries to explain the country’s economic condition.
➦ Relating the phrase with the Indian Economy and the Chinese Economy, we can say that the Elephant is Chasing the Dragon.
➦ Although the economy of India is growing slowly just as the speed of Elephant does not mean that the country’s growth is unsatisfactory.
➦ China’s economy is flying like a Dragon as compared to the Indian economy because of its massive investment in infrastructural development as well as because of the authoritarian political ideology followed by the Chinese government.
➦ Around the world, many of the economic agencies at the international level predict that in future India is considered to be the fastest-growing economy (Jerry Li, 2018).
➦ There have been so many hoaxes and predictions regarding whether the economy of India will catch up with the Chinese economy in the upcoming days (Richardison, 2017).