In 1962, India s GDP was 42.9 billion, and China s was much

Mondo Finance Updated on 2024-02-05

year, Indiagdp 429billion, how much is China?

From ancient times to the present, wars have often occurred when they have been cornered. Especially for China, which has a history of 5,000 years, it has understood the risks and costs of war since ancient times, and will only choose the way of war when there is no other choice.

Take 1962, for example, when our economy was in a very difficult situation, with India's GDP at $42.9 billion and China's GDP much lower than that.

Many people were puzzled by the initiative of our troops to withdraw in 1962, and even questioned whether southern Tibet and other places would still belong to China if they had not retreated. However, these perspectives tend to ignore the real difficulties facing our country at the time, especially the fragility of the economic base. ”

In 1962, the economic gap between China and India was very significant. Since independence, India has maintained a high economic growth rate, and even in the 1960s, it was still strong.

As a result, India's GDP totaled $42.9 billion for the first time in 1962, an increase of 7 from 19615%, showing a rapid and steady development trend.

This is despite the fact that in 1961 India's economic growth rate reached 129%, showing a boom, but China's economy has been declining rapidly under the influence of the Soviet withdrawal.

In 1959, economic growth fell to 14%, and in 1960 it was a 109%, and the total economic output fell from $56.1 billion to $50 billion.

By 1962, India's economic development continued to deteriorate, with total GDP falling by 56% to $42.9 billion. At that time, China's total GDP was only 47.2 billion US dollars, which was the closest to China's economic aggregate.

Therefore, at that time, India dared to challenge our country, and the driving force behind it was economic development.

Although China's national strength was comparable to that of India at that time, it was not easy to win the war in 1962. If it continues, it will be a huge drain on our national strength, especially given the proximity of India's national strength and our assistance to countries such as Vietnam, and we must make prudent decisions.

If our country is plunged into a long-term war of attrition with the United States and the USSR, then it will not only be difficult to keep the existing territory, but may even be dragged down by these two great powers, which is very dangerous for the development of our country.

From an economic point of view, the strategic adjustment at that time was a necessary and necessary choice to protect the long-term interests of the country. Therefore, we should understand and respect the decisions made by the state at that time, and at the same time, we also look forward to your readers participating in the discussion on this topic and how our country should develop in the future.

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