'INDIA WILL BE AMONG TOP THREE ECONOMIES BY 2050'
Hindustan Times, November 21, 2009
Discerning a dramatic shift in the world's economic balance of power, a US think tank has projected that by 2050 India would become one of the three largest economies of the world with the US and China.
Growing at a projected rate of 6.19 per cent between 2009 and 2050, India would grow most rapidly among the G-20 group of world's leading economies the making Indian economy 97 per cent as large that of the US in terms of Purchasing Power Parity (PPP), two experts at the Carnegie Endowment for International Peace wrote.
In an article on "The G-20 in 2050", in the November 2009 issue of International Economic Bulletin of the think tank they noted that in dollar terms, India's GDP is expected to increase by 16 times from the current $1.1 trillion to $17.8 trillion by 2050.
Hindustan Times, November 21, 2009
Discerning a dramatic shift in the world's economic balance of power, a US think tank has projected that by 2050 India would become one of the three largest economies of the world with the US and China.
Growing at a projected rate of 6.19 per cent between 2009 and 2050, India would grow most rapidly among the G-20 group of world's leading economies the making Indian economy 97 per cent as large that of the US in terms of Purchasing Power Parity (PPP), two experts at the Carnegie Endowment for International Peace wrote.
In an article on "The G-20 in 2050", in the November 2009 issue of International Economic Bulletin of the think tank they noted that in dollar terms, India's GDP is expected to increase by 16 times from the current $1.1 trillion to $17.8 trillion by 2050.
"The world's economic balance of power is shifting dramatically," noted experts Uri Dadush, the director of Carnegie's International Economics Programme and Bennett Stancil a Junior Fellow in the Programme.
By 2050, the United States and Europe, long the traditional leaders of the global economy, will be joined in economic size by emerging markets in Asia and Latin America, they wrote.
(...) [artículo aquí]
cf. U. Dadush and B. Stancil, “The G-20 in 2050”, International Economic Bulletin, CEIP, November 2009.
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