Someone just viewed: Fwd: Someone just viewed: STANDARD CHARTER SAYS INDIA WILL OVERTAKE USA ECONOMY IN 10. YEARS AND 8 MONTHS FROM NOW – Skip to navigationSkip to content LATEST OBSESSIONS FEATURED EMAILS EDITIONS BECOME A MEM BER india-economy-jobs-gdp REUTERS/ADNAN ABIDI Building blocks. GOOD JOB! NO JOB? India will overtake the US economy by 2030 By Kuwar SinghJanuary 9, 2019 A new world economic order is in the making, with today’s emerging markets, includi ng India, at the heart of it. India is likely to become the world’s second-largest economy by 2030, next only to China and overtaking the US, according to Standard Chartered’s long-term forecast released on Jan. 08. The UK-based multina tional bank also predicts that based on nominal GDP using purchasing power parity ex change rates, China will o vertake the US by 2020. Current emerging markets will likely make up the majority of the 10 biggest economies by 2030. Standard Chartered has raised growth forecasts f

OH HELLO LONDON

SO,

ISNT IT A GOOD THING FOR THE WHOLE WORLD ?

WHAT DO U THINKS DEAR FISH N CHIPS PEOPLES ?

From: Streak <notifications>
Date: Sat, Jun 8, 2019 at 11:48 PM
Subject: Someone just viewed: Fwd: Someone just viewed: STANDARD CHARTER SAYS INDIA WILL OVERTAKE USA ECONOMY IN 10. YEARS AND 8 MONTHS FROM NOW – Skip to navigationSkip to content LATEST OBSESSIONS FEATURED EMAILS EDITIONS BECOME A MEMBER india-economy-jobs-gdp REUTERS/ADNAN ABIDI Building blocks. GOOD JOB! NO JOB? India will overtake the US economy by 2030 By Kuwar SinghJanuary 9, 2019 A new world economic order is in the making, with today’s emerging markets, including India, at the heart of it. India is likely to become the world’s second-largest economy by 2030, next only to China and overtaking the US, according to Standard Chartered’s long-term forecast released on Jan. 08. The UK-based multinational bank also predicts that based on nominal GDP using purchasing power parity ex change rates, China will o vertake the US by 2020. Current emerging markets will likely make up the majority of the 10 biggest economies by 2030. Standard Chartered has raised growth forecasts for
To: <ajayinsead03>

Streak

Someone just viewed your email with the subject: Fwd: Someone just viewed: STANDARD CHARTER SAYS INDIA WILL OVERTAKE USA ECONOMY IN 10. YEARS AND 8 MONTHS FROM NOW – Skip to navigationSkip to content LATEST OBSESSIONS FEATURED EMAILS EDITIONS BECOME A MEMBER india-economy-jobs-gdp REUTERS/ADNAN ABIDI Building blocks. GOOD JOB! NO JOB? India will overtake the US economy by 2030 By Kuwar SinghJanuary 9, 2019 A new world economic order is in the making, with today’s emerging markets, including India, at the heart of it. India is likely to become the world’s second-largest economy by 2030, next only to China and overtaking the US, according to Standard Chartered’s long-term forecast released on Jan. 08. The UK-based multinational bank also predicts that based on nominal GDP using purchasing power parity exchange rates, China will o vertake the US by 2020. Current emerging markets will likely make up the majority of the 10 biggest economies by 2030. Standard Chartered has raised growth forecasts for China and India from its pr

Details
People on thread: YONI NETANYAHU OLGA BLOG POST BY EMAIL
Device: PC
Location: london, eng

eyJlbWFpbF9pZCI6IlJNX3lBUUVBQVdzNFQtQVhWNXd5RWE3eWVfY3FfQT09In0=

Someone just viewed: SO, JUST IN 20 YEARS FROM NOW, INDIA WILL BE LARGER THAN USA IN SIZE OF ECONOMY BY PPP . REUTERS/BRANDON MALONE India’s economy is on the rise. THE LONG VIEW India’s economy is forecast to surpass that of the US by 2040 By Dan KopfFebruary 7, 2017 India is currently the world’s fastest-growing major economy. And before long, it may leapfrog the US on a ranking of the largest. In a new report titled “The World in 2050,” consulting fi rm PwC projects that India’s GDP would exceed US GDP in purchasing power parity terms by 2040 (purchasing power parity accounts for the different prices levels across countries). This would make India the largest economy in the world afte r China. Although India’s rapid population growth is part of what accounts for the forecasted jump ahead of the US, th at is only part of the story. Drastic improvement in terms of per-person productivity due to capital investments and bet ter technology will play an even more impo

HELLO NEW YORK

From: Streak <notifications>
Date: Sat, Jun 8, 2019 at 11:18 PM
Subject: Someone just viewed: SO, JUST IN 20 YEARS FROM NOW, INDIA WILL BE LARGER THAN USA IN SIZE OF ECONOMY BY PPP . REUTERS/BRANDON MALONE India’s economy is on the rise. THE LONG VIEW India’s economy is forecast to surpass that of the US by 2040 By Dan KopfFebruary 7, 2017 India is currently the world’s fastest-growing major economy. And before long, it may leapfrog the US on a ranking of the largest. In a new report titled “The World in 2050,” consulting firm PwC projects that India’s GDP would exceed US GDP in purchasing power parity terms by 2040 (purchasing power parity accounts for the different prices levels across countries). This would make India the largest economy in the world after China. Although India’s rapid population growth is part of what accounts for the forecasted jump ahead of the US, that is only part of the story. Drastic improvement in terms of per-person productivity due to capital investments and better technology will play an even more importa
To: <ajayinsead03>

Streak

Someone just viewed your email with the subject: SO, JUST IN 20 YEARS FROM NOW, INDIA WILL BE LARGER THAN USA IN SIZE OF ECONOMY BY PPP . REUTERS/BRANDON MALONE India’s economy is on the rise. THE LONG VIEW India’s economy is forecast to surpass that of the US by 2040 By Dan KopfFebruary 7, 2017 India is currently the world’s fastest-growing major economy. And before long, it may leapfrog the US on a ranking of the largest. In a new report titled “The World in 2050,” consulting firm PwC projects that India’s GDP would exceed US GDP in purchasing power parity terms by 2040 (purchasing power parity accounts for the different prices levels across countries). This would make India the largest economy in the world after China. Although India’s rapid population growth is part of what accounts for the forecasted jump ahead of the US, that is only part of the story. Drastic improvement in terms of per-person productivity due to capital investments and better technology will play an even more important role. PwC predicts that India’s economy will grow by about 4.9% per year from 2016 to 2050, with only 0.7% of that growth caused by population growth. India’s economy is currently the third-largest in the world, and is expanding at an estimated annual growth rate of 7.1% for the 2016-17 financial year. Among the 32 largest economies in the world in 2016, only Vietnam is expected to grow faster per capita than India over the next three decades, PwC projects. With this growth, India’s economy would go from accounting for 7% of world GDP to 15%. Though PwC expects India to make significant strides in converging the gap with rich nations like the United States and Japan, Indians won’t fully catch up with their American counterparts. In 2050, Indian GDP per capita would still be less than one third of that of the average American. There is a long way to go before Indian living standards rise to the levels of the world’s most prosperous countries but, despite short-term challenges like rising oil prices and demonetization, optimism for the long-term is warranted. Sign up for the Quartz Obsession email Enter your email Sign me up Stay updated about Quartz products and events. https://qz.com/india/903982/ business, china, india, finance, us READ THIS NEXT IN QUARTZ MEMBERSHIP Five things to know about China’s electric-car boom January 8, 2019Quartz RECOMMENDED STORIES INDONESIA Benjamin Franklin’s strategy to make the US a superpower worked once, why not try it again? Quartz ALL GUNS BLAZING The Indian government has delivered a piercing criticism of rating firms like Standard & Poor’s and Moody’s Quartz India SPONSOR CONTENT BY METLIFE Forget foosball, give your employees financial wellness Quartz at Work GET THE MESSAGE? Nine countries say they’ll ban internal combustion engines. So far, it’s just words. Quartz WELL PLACED India has a unique opportunity to shape the emerging global order Quartz India BETTER TOGETHER Australia has a plan to make India part of its “inner circle” Quartz India OPEN CORRIDOR China is luring Indian tech firms with market access and free rent Quartz India UNITS OF MEASURE Stop obsessing about GDP growth—GDP per capita is far more important Quartz BABYLON BERLIN Berlin is the best city in the world for culture, say expats Quartz THE BRIGHT SIDE The 50 best things that happened in India in 2016, from assertive brides to the world’s largest beach cleanup Quartz India STOCKS VS REALITY 2017 was the least volatile year in decades Quartz WECENSOR What happens when you try to send politically sensitive messages on WeChat Quartz APPLE WATCH Everything Apple will be working on in 2018 Quartz EYES WIDE OPEN My trip to China shattered my biases about developing nations Quartz India

Details
People on thread: YONI NETANYAHU OLGA BLOG POST BY EMAIL
Device: PC
Location: new york, ny

eyJlbWFpbF9pZCI6IlJNX3lBUUVBQVdzNE5HZ2pxXy04aFBHVVdUMEJldz09In0=

Someone just viewed: STANDARD CHARTER SAYS INDIA WILL OVERTAKE USA ECONOMY IN 10. YEARS AND 8 MONTHS FROM N OW – Skip to navigationSkip to content LATEST OBSESSIONS FEATURED EMAILS EDITIONS BECOME A MEMBER india-economy-jobs-gdp REUTERS/ADNAN ABIDI Building blocks. GOOD JOB! NO JOB? India will overtake the US economy by 2030 By Kuwar SinghJanuary 9, 2019 A new world economic order is in the making, with today’s emerging markets, including India, at the heart of it. India is likely to become the world’s second-largest economy by 2030, next only to China and overtaking the US, ac cording to Standard Chartered’s long-term forecast released on Jan. 08. The UK-based multinational bank also predicts that based on nominal GDP using purchasing power parity exchange rates, China will o vertake the US by 2020. Current eme rging markets will likely make up the majority of the 10 biggest economies by 2030. Standard Chartered has raised growth forecasts for China and India from its

NAMASTE NEW YORK

WELL, THIS WILL MOST PROBABLY HAPPEN YES.. BECAUSE OF PPP – IE PURCAHSING POWER PARITY…. A DOLAR HERE BUBBA MEANS AROUND 70 INDIAN RUPEEES.. AND HERE 70 RUPEES GIVES US MORE THAN A PAK OF CIGARETTES – UNLIKE IN USA..

ANYWAY, BTW, I HAVE A TELEGRAM TO USA –

DEAR FELLOW AMERICANS,

I KNOW/UNDERSTAND THAT THIS IS AMERICA’S – OBSESSION, OR ONE OF THE OBESSESIONS AFTER WHAT EXACTLY DID KAYNE WEST DO WITH KARADASHIAN, BUT DONT TAKE IT TOO FAR AND DONT SCREW THIS ONE UP.

ACTUALLY, ITS A GOOD THING IF INDIA – A NATION, WE HAVENT THOUGHT OF BOMBING YET – IS ACTUALLY RICHER – BECAUSE? WELL, BECAUSE WHERE WILL WE SELL ALL OF OUR STUFF ? USA IS OVER STUFFEED, HAVENT U KNOW GRAGAGE SALES, AKA THE ESTATE SALES ON WEEKENDS IN USA ?

SO, AS OPPOSED TO YARD SALES, WE CAN HAVE OVERSEAS SALES – FOR A CHANGE .. WONT THAT BE NICE
AND BTW – MOST OF THE PROFITS OF THE AMERICAN COMPANIES – ALSO CALELD AMERICAN EMPLOYERS, ALSO CALELD PRIVATE SECTOR JOB CRAEATORS – COMES FROM – OVERSEAS .. SO, THAT WOULD BE A GOOD THING FOR USA.. NOT A BAD THING

ALSO – KEEP IN MIND THAT INDIA IS 3 TIMES MORE POPULATED THAN USA – SO, EVEN IF INDIAN ECONOMY EXCEEDS THAT OF THE USA – ITS NOT EXCEEDING BYA AFCTOR OF 3 – ME MEANS – THERE IS WORDS CALLED

– ABSOLUTE GDP

– AND
A WORD CALELD PER CAPITA GDP

YES, TO BE SURE – THE PER CAPITA GDP OF INDIA IS EXCEPTED TO GROW – ITS KINDA LOW IF YOU LOOK AT THE VILLAGES AND THE INNER CITIES IN INDIA –

WHY WOUDL THAT BE A GOOD THING FOR USA ?

WELL, RIGHT NOW, IF U WANT TO SELL A FRIDGE – U KNOW ITS HOT IN NORTHERN INDIA – SO, U CAN SELL FRIDGES HERE – AND IN REALLY BNORTH ITS COLD, SO, U CAN SELL WARM BLANKETS – WAY UP NORTH – WHEN AND ONLY WHEN THEY HAVE THE MONEY TO BUY YOUR STUFF..

AND AOF COURSE, WHEN THE GDP RISES, BY SOME MEASURE PER CAPITA GDP RISES AS WELL – AND WITH THAT THERE IS ANOTEHR WORD CALED –

DISPOSAL INCOME RISES AS WELL.

WHY IS THAT GOOD FOR USA ?

WELL, U KNOW USA DOESNT MAKE MUCH STUFF THESE DAYS, – BECAUSE THAT IS MADE IN CHINA, BUT STILL EVEN TODAY AND IN THIS DAY AND AGE EVEN – USA MAKES PLANES, LIKE – BOEING – AND STUFF –

SO, THAM INDIANS – WOULD LIKE TO TRAVEL – WHEN THEIR DISPOSABLE INCOME IS MORE – WHICH MEANS MORE TRAVLE AND MORE TRAVLE MEANS MORE SALES OF YOUR BOEING AIRPLANES

AND YES OF COURSE, WHEN THE GDP RISES, THE BUDGET FOR THE INDIAN ARMY RISES AS WELL AND WHERE WILL LOCKHEAD MARTIN AND OTHERS LIKE NORTHROPP GRUMMAN WANT TO SELL THEIR MISSILES – ? THANKS TO CHIN AND PAKISTAN ..

AND ?

WELL AND SOMETIMES WHEN INDIANS AHVE MONEY AND THEY CAN GET A TOURSIT VISA, THEY CAN VISIT AND TOUR THE US OF BIG A – AND THAT MEANS MORE TICKET SALES FOR AIR TRAVLE AND HOTELS OF AMERICANS AND RENTAL CARS AND TAXIS AND RESTURANTS AND MUSEUMS ETC ETC AND SO ON

BTW, AMERICANS – TRY NOT TO OBESSES ABOUT – THE RISE OF SOMEONE OTHER THAN YOU – BECAUSE UNLESS ITS LIKE A ROGUE NATION, IT ACTUALLY HELPS, NOT HURTS YOU.. AND JUST IN CASE U ARE WODNERING AMERICANS, INDIA – THUS FAR, HASNT BEEN DECLARED A ROGUE NATION

SO, ENJOY

OH AND ONE MORE THING – WHEN THE GDP OF INDI RISES, MAYBE WE WOULD HAVE MORE SCHOOLS IN INDIAN VILAGES AND MAYBE FROM ONE SUCH VILLAGE THE NEXT RAMANUJAN CAN COME AND HELP SOLVE SOME OF THE WORLD’S PROBLEMS ? – THINK LIKE THAT – NOT LIKE – WELL, INDIA IS GTETING AHEAD AND WE SHOULD BE SCARED – AND BEAT UP ON OUR POLITICIANS

ALSO, ITS NOT THAT USA IS GETTING DUMB – ITS JUST THAT OTHERS ARE COVERTING THEIR DUMB ONES TO SMART ARSES …

AND YEAH ITS NOT A ZERO SUM GAME AMERICANS ..

AND NO.. INDIANS DONT HAVE IT IN THEIR DNA – THAT DESIRE TO RULE – SOMEHOW SO FAR THAT DESIRE TO RULE, HASNT BEEN GERMINATED IN HINDUS, MOST OF THE HISTORY TELSL US THAT THE DESIRE TO RULE AND CONQUER IS MOSTLY IN MUSLIMS AND THE WHITE PEOPLES..

SO, DONT WORRY, THAM INDIANS WONT TRY TO HIJACK YOUR ELECTIONS OR START A NEW COLD WAR WITH NATO OR USA.. ETC ETC ..

NOW, I UNDERSTAND YOU GUYS ARE VERY WORRIED ABOUT CHINA – I GET THAT – BUT INDIA IS NOT CHINA AND EVEN CHINA ISNT THAT BAD AS U GUYS IN USA FEAR THAM TO BE

JUST MY 2 CENTS .. MY DEAR FELLOW AMERICANS

From: Streak <notifications>
Date: Sat, Jun 8, 2019 at 11:18 PM
Subject: Someone just viewed: STANDARD CHARTER SAYS INDIA WILL OVERTAKE USA ECONOMY IN 10. YEARS AND 8 MONTHS FROM NOW – Skip to navigationSkip to content LATEST OBSESSIONS FEATURED EMAILS EDITIONS BECOME A MEMBER india-economy-jobs-gdp REUTERS/ADNAN ABIDI Building blocks. GOOD JOB! NO JOB? India will overtake the US economy by 2030 By Kuwar SinghJanuary 9, 2019 A new world economic order is in the making, with today’s emerging markets, including India, at the heart of it. India is likely to become the world’s second-largest economy by 2030, next only to China and overtaking the US, according to Standard Chartered’s long-term forecast released on Jan. 08. The UK-based multinational bank also predicts that based on nominal GDP using purchasing power parity exchange rates, China will o vertake the US by 2020. Current emerging markets will likely make up the majority of the 10 biggest economies by 2030. Standard Chartered has raised growth forecasts for China and India from its pr
To: <ajayinsead03>

Streak

Someone just viewed your email with the subject: STANDARD CHARTER SAYS INDIA WILL OVERTAKE USA ECONOMY IN 10. YEARS AND 8 MONTHS FROM NOW – Skip to navigationSkip to content LATEST OBSESSIONS FEATURED EMAILS EDITIONS BECOME A MEMBER india-economy-jobs-gdp REUTERS/ADNAN ABIDI Building blocks. GOOD JOB! NO JOB? India will overtake the US economy by 2030 By Kuwar SinghJanuary 9, 2019 A new world economic order is in the making, with today’s emerging markets, including India, at the heart of it. India is likely to become the world’s second-largest economy by 2030, next only to China and overtaking the US, according to Standard Chartered’s long-term forecast released on Jan. 08. The UK-based multinational bank also predicts that based on nominal GDP using purchasing power parity exchange rates, China will overtake the US by 2020. Current emerging markets will likely make up the majority of the 10 biggest economies by 2030. Standard Chartered has raised growth forecasts for China and India from its projections in 2013. “India will likely be the main mover, with its trend growth accelerating to 7.8% by the 2020s partly due to ongoing reforms, including the introduction of a national goods and services tax (GST) and the Indian Bankruptcy Code (IBC),” says the report. Launched in 2017, the GST attempts to simplify India’s cumbersome tax regime, while the IBC, rolled out in 2016, consolidates the country’s bankruptcy and insolvency laws. “Our long-term growth forecasts are underpinned by one key principle: Countries’ share of world GDP should eventually converge with their share of the world’s population, driven by the convergence of per-capita GDP between advanced and emerging economies,” the report adds. Jobs, jobs, jobs Ageing populations are likely to weigh on global growth, but India, home to the world’s largest group of young people, will remain unfazed, Standard Charted notes. Half of the country’s population is under the age of 25. The bank expects “the rising aspirations of a young population to continue to support consumerism in India’s economy.” But a young demographic also creates a demand for massive employment. About 100 million new jobs must be created in the manufacturing and service sectors by 2030, according to the report. To achieve this, it says, the government needs to close a widening skills gap, raise the participation of women in the workforce, and ease labour laws. “India needs to train circa 10 million people annually, but currently has the capacity to train just 4.5 million,” the report says. It also calls for reforms to boost spending on infrastructure and reduce growing economic inequality in the country. Sign up for the Quartz Daily Brief email Enter your email Sign me up Stay updated about Quartz products and events. https://qz.com/india/1518708/ ‪goods and services tax‬, standard chartered, demographic, economic inequality, ppp READ THIS NEXT IN QUARTZ MEMBERSHIP A complete guide to Microsoft’s comeback Member story RECOMMENDED STORIES WHAT HAPPENS IN DAVOS… Read the George Soros speech at the center of the Sheryl Sandberg Facebook controversy Quartz UNDER THE WEATHER China’s economy has the sniffles—this is what might cause a full-blown cold Quartz SPONSOR CONTENT BY METLIFE Forget foosball, give your employees financial wellness Quartz at Work SILVER ECONOMY Shanghai’s blueprint for solving China’s biggest demographic problem Quartz THE FUTURE OF AGING When it comes to longevity, we should look to the East, not the West Quartz WECENSOR What happens when you try to send politically sensitive messages on WeChat Quartz TICKING China’s population could start shrinking in 8 years Quartz THE FUTURE OF CITIES An urban future means growth for all cities, not just mega-cities Quartz HOUSTON Asian countries are gaining a new “silver economy,” but are they aging too fast? Quartz INVENTORY CHECK Aside from Lion Air, these are all the airlines that have Boeing 737 Max planes Quartz TICKING TIME BOMB Global aging populations mean that dementia rates are about to skyrocket Quartz BABY STEPS Why Japan and China are trying to make nice Quartz BETTER PARTNER? A new $60 billion agency is the clearest sign the US is worried about China’s Africa influence Quartz Africa THE FUTURE OF CITIES Slums are growing around the world—but a city in Colombia has a solution Quartz Thanks for coming back! You have 3 free stories remaining this month.See my options Close

Details
People on thread: YONI NETANYAHU OLGA BLOG POST BY EMAIL
Device: PC
Location: new york, ny

eyJlbWFpbF9pZCI6IlJNX3lBUUVBQVdzNE5HZ2pua3prSWRKcjlMZE1Idz09In0=

What will be Indian economy in 2030? India will overtake the US economy by 2030. A new world economic order is in the making, with today’s emerging markets, including India, at the heart of it. … The UK-based multinational bank also predicts that based on nominal GDP using purchasing power parity exchange rates, China will overtake the US by 2020.Jan 8, 2019 India will overtake the US economy by 2030 – Quartz https://qz.com/india/…/indias-gdp-to-overtake-uss-by-2030-says-standard-chartered/

What will be Indian economy in 2030?

India will overtake the US economy by 2030. A new world economic order is in the making, with today’s emerging markets, including India, at the heart of it. … The UK-based multinational bank also predicts that based on nominal GDP using purchasing power parity exchange rates, China will overtake the US by 2020.Jan 8, 2019

India will overtake the US economy by 2030 – Quartz


https://qz.com/india/…/indias-gdp-to-overtake-uss-by-2030-says-standard-chartered/

STANDARD CHARTER SAYS INDIA WILL OVERTAKE USA ECONOMY IN 10. YEARS AND 8 MONTHS FROM NOW – Skip to navigationSki p to content LATEST OBSESSIONS FEATURED EMAILS EDITIONS BECOME A MEMBER india-economy-jobs-gdp REUTERS/ADNAN ABIDI Build ing blocks. GOOD JOB! NO JOB? India will overtake the US economy by 2030 By Kuwar SinghJanuary 9, 2019 A new world econo mic order is in the making, with today’s emerging markets, including India, at the heart of it. India is likely to bec ome the world’s second-largest economy by 2030, next only to China and overtaking the US, according to Standard Charte red’s long-term forecast released on Jan. 08. The UK-based multinational bank also predicts that based on nominal GDP using purchasing power parity exchange rates, China will overtake the US by 2020. Current emerging markets will likely m ake up the majority of the 10 biggest economies by 2030. Standard Chartered has raised growth forecasts for China and In dia from its projections in 2013. “In

Skip to navigationSkip to content

india-economy-jobs-gdp
REUTERS/ADNAN ABIDI

Building blocks.GOOD JOB! NO JOB?

India will overtake the US economy by 2030

By Kuwar SinghJanuary 9, 2019

A new world economic order is in the making, with today’s emerging markets, including India, at the heart of it.

India is likely to become the world’s second-largest economy by 2030, next only to China and overtaking the US, according to Standard Chartered’s long-term forecast released on Jan. 08. The UK-based multinational bank also predicts that based on nominal GDP using purchasing power parity exchange rates, China will overtake the US by 2020.

Current emerging markets will likely make up the majority of the 10 biggest economies by 2030.

Standard Chartered has raised growth forecasts for China and India from its projections in 2013. “India will likely be the main mover, with its trend growth accelerating to 7.8% by the 2020s partly due to ongoing reforms, including the introduction of a national goods and services tax (GST) and the Indian Bankruptcy Code (IBC),” says the report.

Launched in 2017, the GST attempts to simplify India’s cumbersome tax regime, while the IBC, rolled out in 2016, consolidates the country’s bankruptcy and insolvency laws.

“Our long-term growth forecasts are underpinned by one key principle: Countries’ share of world GDP should eventually converge with their share of the world’s population, driven by the convergence of per-capita GDP between advanced and emerging economies,” the report adds.

Jobs, jobs, jobs

Ageing populations are likely to weigh on global growth, but India, home to the world’s largest group of young people, will remain unfazed, Standard Charted notes. Half of the country’s population is under the age of 25.

The bank expects “the rising aspirations of a young population to continue to support consumerism in India’s economy.”

But a young demographic also creates a demand for massive employment. About 100 million new jobs must be created in the manufacturing and service sectors by 2030, according to the report. To achieve this, it says, the government needs to close a widening skills gap, raise the participation of women in the workforce, and ease labour laws.

“India needs to train circa 10 million people annually, but currently has the capacity to train just 4.5 million,” the report says.

It also calls for reforms to boost spending on infrastructure and reduce growing economic inequality in the country.

Sign up for the Quartz Daily Brief email

Sign me up

Stay updated about Quartz products and events.

‪goods and services tax‬, standard chartered, demographic, economic inequality, ppp
READ THIS NEXT IN QUARTZ MEMBERSHIP

A complete guide to Microsoft’s comeback

Member story

RECOMMENDED STORIES


WHAT HAPPENS IN DAVOS…

Read the George Soros speech at the center of the Sheryl Sandberg Facebook controversy

Quartz



UNDER THE WEATHER

China’s economy has the sniffles—this is what might cause a full-blown cold

Quartz



SPONSOR CONTENT BY METLIFE

Forget foosball, give your employees financial wellness

Quartz at Work



SILVER ECONOMY

Shanghai’s blueprint for solving China’s biggest demographic problem

Quartz



THE FUTURE OF AGING

When it comes to longevity, we should look to the East, not the West

Quartz



WECENSOR

What happens when you try to send politically sensitive messages on WeChat

Quartz



TICKING

China’s population could start shrinking in 8 years

Quartz


THE FUTURE OF CITIES

An urban future means growth for all cities, not just mega-cities

Quartz



HOUSTON

Asian countries are gaining a new “silver economy,” but are they aging too fast?

Quartz



INVENTORY CHECK

Aside from Lion Air, these are all the airlines that have Boeing 737 Max planes

Quartz



TICKING TIME BOMB

Global aging populations mean that dementia rates are about to skyrocket

Quartz



BABY STEPS

Why Japan and China are trying to make nice

Quartz



BETTER PARTNER?

A new $60 billion agency is the clearest sign the US is worried about China’s Africa influence

Quartz Africa



THE FUTURE OF CITIES

Slums are growing around the world—but a city in Colombia has a solution

Quartz

Thanks for coming back! You have 3 free stories remaining this month.See my options
Close

SO, JUST IN 20 YEARS FROM NOW, INDIA WILL BE LARGER THAN USA IN SIZE OF ECONOMY BY PPP . REUTERS/BRANDON MALONE India’s economy is on the rise. THE LONG VIEW India’s economy is forecast to surpass that of the US by 2040 By Dan K opfFebruary 7, 2017 India is currently the world’s fastest-growing major economy. And before long, it may leapfrog the US on a ranking of the largest. In a new report titled “The World in 2050,” consulting firm PwC projects that India ’s GDP would exceed US GDP in purchasing power parity terms by 2040 (purchasing power parity accounts for the differen t prices levels across countries). This would make India the largest economy in the world after China. Although India’ s rapid population growth is part of what accounts for the forecasted jump ahead of the US, that is only part of the sto ry. Drastic improvement in terms of per-person productivity due to capital investments and better technology will play a n even more important role. PwC predicts th

Skip to navigationSkip to content

South Africa's Parnell reacts as India's Jadeja and Raina celebrate winning their Cricket World Cup match.
REUTERS/BRANDON MALONE

India’s economy is on the rise.THE LONG VIEW

India’s economy is forecast to surpass that of the US by 2040

By Dan KopfFebruary 7, 2017

India is currently the world’s fastest-growing major economy. And before long, it may leapfrog the US on a ranking of the largest.

In a new report titled “The World in 2050,” consulting firm PwC projects that India’s GDP would exceed US GDP in purchasing power parity terms by 2040 (purchasing power parity accounts for the different prices levels across countries). This would make India the largest economy in the world after China.

Although India’s rapid population growth is part of what accounts for the forecasted jump ahead of the US, that is only part of the story. Drastic improvement in terms of per-person productivity due to capital investments and better technology will play an even more important role. PwC predicts that India’s economy will grow by about 4.9% per year from 2016 to 2050, with only 0.7% of that growth caused by population growth. India’s economy is currently the third-largest in the world, and is expanding at an estimated annual growth rate of 7.1% for the 2016-17 financial year.

Among the 32 largest economies in the world in 2016, only Vietnam is expected to grow faster per capita than India over the next three decades, PwC projects. With this growth, India’s economy would go from accounting for 7% of world GDP to 15%.

Though PwC expects India to make significant strides in converging the gap with rich nations like the United States and Japan, Indians won’t fully catch up with their American counterparts. In 2050, Indian GDP per capita would still be less than one third of that of the average American. There is a long way to go before Indian living standards rise to the levels of the world’s most prosperous countries but, despite short-term challenges like rising oil prices and demonetization, optimism for the long-term is warranted.

Sign up for the Quartz Obsession email

Sign me up

Stay updated about Quartz products and events.

business, china, india, finance, us
READ THIS NEXT IN QUARTZ MEMBERSHIP

Five things to know about China’s electric-car boom

January 8, 2019Quartz

RECOMMENDED STORIES


INDONESIA

Benjamin Franklin’s strategy to make the US a superpower worked once, why not try it again?

Quartz



ALL GUNS BLAZING

The Indian government has delivered a piercing criticism of rating firms like Standard & Poor’s and Moody’s

Quartz India



SPONSOR CONTENT BY METLIFE

Forget foosball, give your employees financial wellness

Quartz at Work



GET THE MESSAGE?

Nine countries say they’ll ban internal combustion engines. So far, it’s just words.

Quartz



WELL PLACED

India has a unique opportunity to shape the emerging global order

Quartz India



BETTER TOGETHER

Australia has a plan to make India part of its “inner circle”

Quartz India



OPEN CORRIDOR

China is luring Indian tech firms with market access and free rent

Quartz India


UNITS OF MEASURE

Stop obsessing about GDP growth—GDP per capita is far more important

Quartz



BABYLON BERLIN

Berlin is the best city in the world for culture, say expats

Quartz



THE BRIGHT SIDE

The 50 best things that happened in India in 2016, from assertive brides to the world’s largest beach cleanup

Quartz India



STOCKS VS REALITY

2017 was the least volatile year in decades

Quartz



WECENSOR

What happens when you try to send politically sensitive messages on WeChat

Quartz



APPLE WATCH

Everything Apple will be working on in 2018

Quartz



EYES WIDE OPEN

My trip to China shattered my biases about developing nations

Quartz India

Thanks in Advance,
Sincerely
Ajay

LETS SAY U HAVE A KID TWO YEARS FROM NOW – AND 30 YEARS LATER – YOUR BOY IS 30 – SO, WHAT WOULD BE THE WORLD LIK E IN 2050 – HERE -> IS THE TOP 12 PROJECTIONS AND PREDITIONS BY MY FORMER EMPLOYER NAMED PWC – 12. France — $4.705 tri llion. 11. Turkey — $5.184 trillion. 10. United Kingdom — $5.369 trillion. 9. Germany — $6.138 trillion. 8. Japa n — $6.779 trillion. 7. Mexico — $6.863 trillion. 6. Russia — $7.131 trillion. 5. Brazil — $7.540 trillion. 4. I ndonesia — $10.502 trillion. 3. United States — $34.102 trillion. 2. India — $44.128 trillion. 1. China — $58.49 9 trillion.

12. France — $4.705 trillion.

11. Turkey — $5.184 trillion.

10. United Kingdom — $5.369 trillion.

9. Germany — $6.138 trillion.

8. Japan — $6.779 trillion.

7. Mexico — $6.863 trillion.

6. Russia — $7.131 trillion.

5. Brazil — $7.540 trillion.

4. Indonesia — $10.502 trillion.

3. United States — $34.102 trillion.

2. India — $44.128 trillion.

1. China — $58.499 trillion.

IN HERE – NUMBER ONE IS CHINA

NUMBER TWO IS INDIA

NUMBER 3 IS USA

AND RUSSIA IS NUMBER 6

THIS WOULD BE COOL..

I HAVE FOOT PRINTS IN

INDIA

AND

USA

AND NOW, WHY DONT U HELP ME IN RUSSHIA – MAYBE A DACHA FOR DOWRY WOULD BE COOL