Insta
pic via Facebook
India will become the world’s second-largest economy by 2030 by overtaking the United States, reports The Indian Express.
China will assume the top spot by toppling the US, which will fall to third on the list behind the two Asian giants, according to Standard Chartered Plc.
“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,” Standard Chartered economists led by David Mann wrote in a note.
Indonesia is predicted to occupy the fourth slot while Turkey will round out the top five. India will accelerate growth to 7.8 per cent by the 2020s, while China’s will moderate to 5 per cent by 2030, reflecting a natural slowdown given the economy’s size, says economists.
The firm has also predicted that the current emerging markets will occupy seven of the top 10 spots, creating a new world order.
Support Swarajya's 50 Ground Reports Project & Sponsor A Story
Every general election Swarajya does a 50 ground reports project.
Aimed only at serious readers and those who appreciate the nuances of political undercurrents, the project provides a sense of India's electoral landscape. As you know, these reports are produced after considerable investment of travel, time and effort on the ground.
This time too we've kicked off the project in style and have covered over 30 constituencies already. If you're someone who appreciates such work and have enjoyed our coverage please consider sponsoring a ground report for just Rs 2999 to Rs 19,999 - it goes a long way in helping us produce more quality reportage.
You can also back this project by becoming a subscriber for as little as Rs 999 - so do click on this links and choose a plan that suits you and back us.
Click below to contribute.
Latest