Moving the goal posts....How did US became world's biggest consumer market?
That is not how GDP works. Or how money works since they got rid of the gold standard....By printing paper money. Once that's gone, US will be history with it too.
Largest? Yes. Real values? What does that even mean?China is biggest consumer market with real values & real consumers.
India's population and GDP are anticipated to surpass China's in the next 20-30 years. And they have an actual free market economy, instead of a "planned" one.US, India is irrelevant in case of China, if any other country would be there in place of China , your comment would have been appropriate.
IMF and the UN has plenty of data and reports for you to read through. If they're 'basically a slum' though, I wonder how China must feel with India gaining on them?India is basically slum. They barely have 3G. I would like to see some evidence that supports the myth of anything fastest regarding india.
So does India, and the US, and the EU. That's how globalism works. China may have made some early investments, but they wasted a lot of the good will that earned them when it became obvious the terms of those investments were predatory. Also, no Asian country is going to want to do business with China, not so long as China continues to try to illegally claim the sovereign waters of these same nations.China has potential market of Africa, MENA, Latin & other countries in Asia.
I believe that would be you.lol, disconnected from Reality.