Indian Economy Will Surpass China By 2050

Discussion in 'Economy & Infrastructure' started by CCP, Jul 25, 2014.

  1. CCP

    CCP Senior Member Senior Member

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    Indian Economy Will Surpass China By 2050 - Weekly Voice - The Newspaper for South Asians in GTA | Weekly Voice – The Newspaper for South Asians in GTA

    New Delhi: Surpassing China, India will become the world’s largest economy by 2050, says a report.

    “China will overtake the US to become the world’s largest economy by 2020, which in turn will be overtaken by India in 2050,” according to Wealth Report 2012 by Knight Frank & Citi Private Bank.

    As per the report, Indian economy will reach $85.97 trillion size in terms of purchasing power parity by 2050, while the Chinese GDP would be $80.02 trillion during the same period.

    The US — currently the world’s largest economy — is expected to have a GDP of $39.07 trillion by 2050.

    Other nations in the top ten list of world’s largest economies would be Indonesia (4th), Brazil (5th), Nigeria (6th), Russia (7th), Mexico (8th), Japan (9th) and Egypt (10th).

    In terms of growth from 2010-2050, India would be the second fastest with its economy growing at the rate of eight per cent in the period.

    With a pace of 8.5%, Nigeria would be the fastest growing economy during the same period, the report said.

    In 2010, India was world’s fourth largest economy with a value of $3.92 trillion compared to China’s $9.98 trillion and America’s $14.12 trillion.

    The report named Surat and Nagpur among fast-growing cities to watch in 2050.

    “We believe the cities to watch in 2050 are the 400 emerging market middleweights – fast growing cities with populations between 200,000 and 10 million.

    “This dynamic group includes many cities that are not household names today: Linyi, Kelamayi and Guiyang in China; Surat and Nagpur in India; Concepcion and Belem in Latin America,” it said.
     
    Last edited: Jul 25, 2014
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  3. Srinivas_K

    Srinivas_K Senior Member Senior Member

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    If the planned projects and policies are implemented according to the schedule India has the potential to surpass China much earlier than that ...... :thumb:
     
  4. Ashutosh Lokhande

    Ashutosh Lokhande Senior Member Senior Member

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    if china abolishes its 1 child program. india might face hard time to climb no 1 position.
     
  5. ITBP

    ITBP Regular Member

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    With out NE India's natural resources, it is impossible.

    And Bangladeshis are going to make NE India Bangladeshi.

    So I dont see any possibility of India surpassing China.
     
  6. jus

    jus Senior Member Senior Member

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    I agree illegals pole vaulters from BD is a big concern but if u consider a data...... Indian mu***** have more children&more terrorists

    2) TFT by World Bank(2011) BD is 2.24 Ind is 2.47,may be it is not a big problem for India within few yrs may be BD will reach TFT 2.1 (then declining pop starts)
    List of sovereign states and dependent territories by fertility rate - Wikipedia, the free encyclopedia

    On Topic:It's a fake they just draw a graph and projected, but i think it will bound to change when US navy fleet enters in SCS (PIVOT ASIA) :rofl:
     
  7. Neo

    Neo Senior Member Senior Member

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    Deja vu! I heard the same thing when MM Singh was elected first.
     
  8. CrYsIs

    CrYsIs Regular Member

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    Which Joker wrote this atricle......India hasen't even supassed tiny Italy and yet we are dreaming of overtaking China....

    And if you are referring to PPP,then this GDP has no meaning outside of encyclopedia....
     
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  9. Srinivas_K

    Srinivas_K Senior Member Senior Member

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    Not really .... this time :)
     
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  10. Neo

    Neo Senior Member Senior Member

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    Hope you are right but imho India still has a long.way to go. BJP will need a whole term to deal with the mess of your previos govt and won't be able ti tackle all the challenges. Yes, there will be some big tag deals, but to mobilise the whole country is an immense task. Interesting times are ahead for India, I will not deny.
     
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  11. Srinivas_K

    Srinivas_K Senior Member Senior Member

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    Yes BJP needs 2 to 3 years to set the economy right. Mobilizing the country is a tough task as you said but there are ways to integrate every part of the country, hope India gets it right and makes it a phenomenon.
     
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  12. Compersion

    Compersion Senior Member Senior Member

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    Focus on making the metros world class first ...
     
  13. rock127

    rock127 Maulana Rockullah Senior Member

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    We need to learn a lot of things from China.
     

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