Move that up by a decade or two if US continues printing paper dollars
at full speed and producing nothing.
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'Indian economy likely to be 90% of US by 2050'
Times of India
NEW DELHI: In what could be a tectonic ****ft in the global economic
centre of gravity, the size of India's economy would grow to 90 per
cent of the US by 2050, with China becoming even bigger than the
world's current largest economy, according to a PricewaterhouseCoopers
re****t.
"The global centre of economic gravity is already ****fting to China,
India and other large emerging economies and our analysis suggests
that this process has a lot further to run. Our latest projections
suggest that China could overtake the US in around 2025 to become the
world's largest economy and will continue to grow to around 130 per
cent of the size of the US by 2050," it said.
India could grow to almost 90 per cent of the size of the US by 2050,
PwC Head of Macroeconomics John Hawksworth said.
The global advisory firm projected that Brazil seems likely to
overtake Japan by 2050 to move to the fourth place, while Russia,
Mexico and Indonesia all have the potential to have economies larger
than those of Germany or the UK by the middle of this century.
The re****t titled "The World in 2050: Beyond the BRICs", says that
long-term prospects for China, India and other so-called E7 economies
(Brazil, Mexico, Russia, Indonesia and Turkey) are still upbeat, but
an additional 13 emerging economies also have the potential to grow
significantly faster than the established Organisation for Economic Co-
operation and Development (OECD) countries.
Interestingly, India has emerged at the top of the GDP growth table,
ahead of China, prepared by PwC, which is likely to slow down till
2050.
India's Gross Domestic Product (GDP) is currently growing at 8.5 per
cent is expected to slow down to 5.8 per cent in 2050, but still ahead
of other emerging and developed economies.
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