India the Third Largest Economy in the World

India the Third Largest Economy in the WorldDecember 12, 2035 - India's GDP for last year was greater than Japan's, making India the third largest economy in the world after the US and China.

The growth rate of India's GDP has been exceeding Japan's for many years, mainly due to the higher population growth in India, becoming the world's most populous country 5 years ago, reaching a total of 1.5 billion people earlier this year. This could be compared to Japan where the population has decreased over the last 30 years by about 5 percent. This has given India a young workforce to drive the economy.

China is closing in on the US to become the largest economy in the world, due to a higher GDP growth rate and is projected to surpass in the near future, maybe already within 5-10 years.

 

Argument: According to the report Brazil, Russia, India and China - A Road in 2050 by Goldman Sachs, India will surpass Japan as the third largest economy in the world by 2032.

Questions: After India has followed China with a high GDP growth rate, what other countries can we expect start to grow rapidly? Will Pakistan, with an estimated population growth of almost 60% until year 2035, be able to gain on the growth rate from their neighbor India?


Comments:

Debunking myths about the "Third World" (Amazing graphics)
http://youtube.com/watch?v=RUwS1uAdUcI

Thanks Singha, it's a fantastic presentation done by Hans Rosling, I recommend it to everyone.

Out of all the countries - Brazil, China, Russia and India. Russia still has the highest living standard and the more developed industry. Russian industry is 10 to 20 years behind the Western.
Russia also has ressources and a lot of nuclear weapons, so I think that Russia has a better chance to become the next superpower. In fact, none know what will happen to China - they seem to make the mistakes the USSR made - that is increase their defense budget while the population is living in poverty. Russias defense budget is pretty low at 4%

World Economy 300 Trillion
Africa 48 Trillion
China 45 Trillion
India 30 Trillion
United States 27 Trillion
European Union 26 Trillion
Brazil 16 Trillion
Russia 15 Trillion
Japan 12 Trillion
Pakistan 9 Trillion
Bangladesh 8 Trillion
Iran 6 Trillion
Vietnam 6 Trillion
Nepal 2 Trillion
All other 50 Trillion

above is not very accurate- please post source

I disagree. India is unlikely ever to overtake Japan in the 21st century. Her approach to education is rote.

Oriental 1,500 Million
Desi 1,500
Black 800
White 700
Asean 600
Hispanic 500
American 400
Arabic 400
Tribal 100
Other 10

Note: There are subraces in each major race.

Christianity 1,500 Million
Hinduism 1,000
Islam 1,000
Daoism 1,000
Buddhism 1,000
Animism 500
Other 500

Note: There are subreligions in each major religion.


GDP as Percentage of World (2000 to 2020)
===========================================
World 100
Africa 18 (9 to 23)
China 16 (8 to 20)
India 10 (3 to 17)
European Union 9 (4 to 15)
USA 9 (5 to 20)
Asean 7 (4 to 11)
Brazil 6 (3 to 7)
Russia 6 (2 to 13)
Middle East 5 (4 to 6)
Pakistan 2 (1 to 4)
Japan 2 (1 to 5)
Bangladesh 1 (1 to 3)
All Other 9 (5 to 15)

Note : These estimates take into account small to medium terrotorial and population changes. The estimates are computed based on population, food production, terroritory sizes and other factors. The world map may look quite different past 2020 based on our research.


India GDP (2000 to 2040)
==========================
Population 15% to 18%
Land 2% to 10%
Food Production 8% to 15%
Electricity 4% to 10%
Tech 4% to 15% (Cell Phones, Computers, etc)
Roads 5% to 15% (Roads, Waterways, Railroads)
Culture 10% to 25% (Movies, Resturants, Events)
Forex 1% to 10% (Euro, Dollar, Yuan, Taka)
Debt -1% to -15% (External, Trade Deficit)
——————————————————
Anticipated GDP 10% of world economy (3% to 17%)


Money Supply
————-
Russia 10 Trillion, 30% yearly growth
United States 8 Trillion, 8% yearly growth
Euro Area 9 Trillion, 9% yearly growth
India 35 Trillion, 18% yearly growth
China 33 Trillion, 19% yearly growth

If you keep printing money at that rate, the same house will cost 50 times more.

USA GDP (2000 to 2100)
==========================
Population 4% to 10%
Land 5% to 12%
Food Production 5% to 15%
Electricity 3% to 25%
Tech 4% to 20% (Cell Phones, Computers, etc)
Roads 7% to 20% (Roads, Waterways, Railroads)
Culture 5% to 20% (Movies, Resturants, Events)
Forex 1% to 10% (Euro, Dollar, Yuan, Taka)
Debt -3% to -25% (External, Trade Deficit)
——————————————————
Anticipated GDP 8% of world economy (2% to 19%)

China GDP (2000 to 2150)
==========
Population 14% to 25%
Land 5% to 20%
Food Production 5% to 25%
Electricity 3% to 20%
Tech 5% to 25%(Cell Phones, Computers, etc)
Roads 3% to 20%(Roads, Waterways, Railroads)
Culture 5% to 20%(Movies, Resturants, Events)
Forex 5% to 25%(Euro, Dollar, Rupee, Yen, Taka)
Debt -1% to -20%(External, Trade Deficit)
——————————
Anticipated GDP 16% of world economy (5% to 25%)

GDP African Union (2000 to 2150)
==========
Population 10% to 25%
Food 5% to 20%
Land 11% to 25%
Electricity 5% to 20%
Tech 3% to 20%(Phones, Computers, Internet)
Roads 2% to 15%(Roads, Waterway, Airports, Railroad)
Culture 3% to 15%(Movies, Resturants, Events)
Forex 1% to 10%(Dollar, Euro, Rupee, Yuan, Peso)
Debt -2% to -20%(External, Public, Trade Deficit)
----------
Anticipated GDP of African Union is 14% of World GDP (3% to 25%)

World of Tomorrow. There have always been rich and poor people. Some things never change...

http://img250.imageshack.us/my.php?image=richaveragepoorcs3.png

Exchange rate effects the Volume of trade. See Illustration in the link.

http://img361.imageshack.us/my.php?image=volumeoftradeqy5.jpg

Is this what the future will look like? Please comment:


News of Future tells you what the future will look like during the next 50 years and invites the people of the world to take part in shaping it.