India likely to be 90 pc of US economy by 2050: Report

[OhioChick]

7 Mar 2008, 1524 hrs IST,PTI

NEW DELHI: In what could be a tectonic shift 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 report.

"The global centre of economic gravity is already shifting 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.

http://timesofindia.indiatimes.com/Indian_economy_likely_to_be_90_of_US_by_2050/articleshow/2845246.cms

[Demeter]

1. Profoundly Unlikely

India has a lot of advantages, but the disadvantages: climate and global warming, population, AIDS, religious violence, violence against women, and crushing poverty are not going to go away any time soon.

[dixiegrrrrl]

2. Hell, Micronesia could overtake us

Our economy is tanking so fast that most countries can be said to
"overtake" us.


Sheesh.....:banghead: