[mukto-mona] Indian economy at 2050---bright prediction

Here is a little positive news. I rather share this one than how India have potential to become world's largest bully......

Shalom!


Source: http://timesofindia.indiatimes.com/business/india-business/India-to-become-worlds-largest-economy-by-2050-Report/articleshow/12443185.cms

India to become world's largest economy by 2050: Report

Tweet

Surpassing China, India will become the world's largest economy by 2050, says a report.

PTI | Mar 28, 2012, 06.47PM IST

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.

__._,_.___

****************************************************
Mukto Mona plans for a Grand Darwin Day Celebration: 
Call For Articles:

http://mukto-mona.com/wordpress/?p=68

http://mukto-mona.com/banga_blog/?p=585

****************************************************

VISIT MUKTO-MONA WEB-SITE : http://www.mukto-mona.com/

****************************************************

"I disapprove of what you say, but I will defend to the death your right to say it".
               -Beatrice Hall [pseudonym: S.G. Tallentyre], 190

Your email settings: Individual Email|Traditional
Change settings via the Web (Yahoo! ID required)
Change settings via email: Switch delivery to Daily Digest | Switch to Fully Featured
Visit Your Group | Yahoo! Groups Terms of Use | Unsubscribe

__,_._,___