http://timesofindia.indiatimes.com/...e-3rd-largest-in-2015/articleshow/8060483.cms VADODARA: In 2015, purchasing power of Indians will be six trillion dollars, which will be third largest after United States and China. This is what Dr Jagdish Sheth, a renowned scholar and a marketing expert said here. Sheth, who is a Charles H Kellstadt professor of marketing at US-based Emory University's Goizueta business school, was in the city on Friday where he attended three programmes. The Management Students Forum of M S University's Faculty of Management Studies had organised 'India 2020-symposium on economic development' where Sheth spoke on the topic of 'India-The decade of destination'. At the Federation of Gujarat Industries ( FGI), Sheth spoke on 'Role of India in world class manufacturing' and he also addressed 'Innovation conclave 2011' of the Confederation of Indian Industry (CII). "After 2020, India's economic development will be close to that of China as China will have more ageing population while India on the other hand will have more young population. The demand of economy in India will be such that the government will have to reform itself," said Sheth, adding that outsourcing of household works has promoted consumer economy in India. "When consumer economy develops, the overall economy also develops. India is witnessing a similar trend of what had happened in US where consumer economy had developed and a new middle class was created," he said. Sheth however pointed out that an Egypt-type revolution is possible in India as well - sooner or later. "The benefits of economic developments should reach to the poorest in order to increase their purchasing power. With economic development, expectations of people have also increased. Government is presently becoming problem instead of solution for the common man. In such a scenario, a single spark is enough to blow up the whole situation and rapid corruption might just work as a trigger," said Sheth, adding that there is a need for responsible capitalism and while creation of wealth is necessary, its equal distribution is more important.