http://economictimes.indiatimes.com...andard-Chartered-Bank/articleshow/6933341.cms MUMBAI: India is expected to grow faster than China over the next couple of years and will be a $30-trillion economy by 2030, according to a report by Standard Chartered Bank . India is going to be the third-largest economy in the world after the US and China. The super-cycle report prepared by Standard Charteredâ€™s global research team, which is based on several assumptions, says while China is likely to grow at a 6.9% rate over the next two decades, India is likely to grow at a pace of an average 9.3% over the same period and trail the US as the third-largest economy by 2030. China may also overtake the US to become the worldâ€™s economic superpower within a decade. It sees the world economy reaching $308 trillion by 2030. Within this, China will be a $73-trillion economy and India will be a $30-trillion economy, based on its growth and inflation forecast. At present, India is slightly over a trillion-dollar economy. It has assumed that the Chinese yuan will have appreciated from 6.64 this year to 4.39, and the rupee from 45.5 this year to 35 in 2030. The report has forecast that living standards, as measured by real per capita income, will have increased nine-fold in China and India between 2000 and 2030. Rising personal incomes will push billions of people into the middle class and drive consumption, which will spur domestic economic growth. Stanchart defines a super-cycle as â€œa period of historically high global growth, lasting a generation or more, driven by increasing trade, high rates of investment, urbanisation and technological innovation and characterised by the emergence of large, new economies, first seen in high catchup growth rates across the emerging world.â€ There have been two such super-cycles before. The first ran from 1870 until 1913, on the eve of the First World War. The second began with the end of the Second World War and lasted until the oil crisis in 1973. The current super-cycle, according to the report, started at the turn of the 21st century and is likely to extend at least until 2030.