Financial opportunities of India and China: geopolitical trajectories of development
The study is aimed at analyzing the financial potential, inter-budgetary interaction and financing the budget deficit of the largest powers, identifying priority development paths in the context of geopolitical imbalance. The main tasks are to assess the economic potential, the effectiveness of the budget system and inter-budgetary interaction, balance national budgets and identify problems of fiscal sustainability in a geopolitical confrontation. These problems should be solved on the basis of economic analysis methods, government finance statistics, financial mathematics, on the basis of which an assessment has been made of the mechanism for mobilizing tax and non-tax revenues in the national budgets of the countries studied, the problems of efficient development of budget resources and fulfillment of budget obligations, as well as the identification of sources of income financing budget and reducing public debt in the framework of integration interaction. In this regard, in order to increase the financial capabilities of India and China, in modern geopolitical conditions, more attention should be paid to creating new integration forms of interaction based on common interests, merging the economic and financial potential of the two countries within integration associations, reducing administrative and tariff barriers, and increasing competitiveness of national economies, as financial opportunities of integration associations allow achieving higher parameters of final results.