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What is Economic Swagger?

Nov 9, 2023

Today, we’re focusing on a headline that’s making waves from CNN Economic Marketplace Asia: “India regains its economic swagger as China stumbles.” The term ‘economic swagger’ here is a colorful way to describe how India is showing off its economic strength and potential. It’s like saying India is walking with pride because of its strong economy.

Now, let’s unpack what this all means. For many years, China has been like a giant that’s leading the world’s economy. But there’s a change happening. India is coming up fast, with a large and young population and industries that are growing quickly.

To give you an idea of the size, India’s economy is worth nearly $3.5 trillion, making it the fifth largest in the world. China’s economy is much larger, but India is growing fast. Experts from Barclays, a big bank, say that India must keep growing at 8% every year if it wants to become the biggest driver of global growth in the next five years.

India isn’t just growing; it’s also making big changes by spending lots of money on new roads, ports, airports, and railways. These are important for moving people and goods around the country and for trade with other countries. India is also doing great things in technology. It has huge software companies and is creating digital tools that change the way people buy and sell things.

If we think back to our last episode about policy changes, or ‘U-turns’, India is doing the opposite. It’s moving straight ahead, pushing forward with its plans. There’s no turning back for India right now.

For today’s idiom, let’s look at “to grab the bull by the horns.” This means to deal with a difficult problem in a very direct way. India is facing its economic challenges head-on, and it’s showing a lot of courage and ‘economic swagger’ as it does this.

In our talks and writings, we could say, “India is regaining its economic swagger, tackling its goals to become a leader in global growth.” Try using this phrase when you discuss economic news with friends or colleagues.

And remember, our course ‘Economists in Action’ is coming soon, designed to help you learn the important terms and phrases we use when we talk about economics.

That’s all for today’s lesson. I hope you’ve enjoyed our exploration of economic English together. Keep an eye out for our next episode, where we’ll continue to make sense of the economic language that shapes our world. Keep practicing, and let’s bring your own ‘economic swagger’ to your conversations.

 

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