rediff.com

NewsApp (Free)

Read news as it happens
Download NewsApp

Available on  

Rediff News  All News 
Rediff.com  » Business » India to become world's largest economy by 2050

India to become world's largest economy by 2050

Last updated on: March 29, 2012 08:22 IST

India to become world's largest economy by 2050

     Next

Next

Surpassing China, India will become the world's largest economy by 2050, says a report.

"China will overtake the US to become the world's largest economy by 2020, which in turn will be overtaken by India in 2050," according to Wealth Report 2012 by Knight Frank & Citi Private Bank.

Click NEXT to read more...



Image: Men work inside a steel factory at Ludhiana in Punjab.
Photographs: Ajay Verma/Reuters.

     Next

India to become world's largest economy by 2050

Prev     Next
Prev

Next

As per the report, Indian economy will reach $85.97 trillion size in terms of purchasing power parity by 2050, while the Chinese GDP would be $80.02 trillion during the same period.

The US - currently the world's largest economy – is expected to have a GDP of $39.07 trillion by 2050.

Click NEXT to read more...


Image: Labourers remove kites tangled up in electric power cables.
Photographs: Amit Dave/Reuters.
Tags: GDP , India , US

Prev     Next

India to become world's largest economy by 2050

Prev     Next
Prev

Next

In terms of growth from 2010-2050, India would be the second fastest with its economy growing at the rate of eight per cent in the period.

With a pace of 8.5 per cent, Nigeria would be the fastest growing economy during the same period, the report said.

Click NEXT to read more...


Image: Workers unload sugarcane from a truck at a wholesale fruit market in Chennai.
Photographs: Babu/Reuters.
Tags: India , Nigeria

Prev     Next

India to become world's largest economy by 2050

Prev     Next
Prev

Next

In 2010, India was world's fourth largest economy with a value of $3.92 trillion compared to China's $9.98 trillion and America's $14.12 trillion.

The report named Surat and Nagpur among fast-growing cities to watch in 2050.





Prev     Next

India to become world's largest economy by 2050

Prev     More
Prev

More

"We believe the cities to watch in 2050 are the 400 emerging market middleweights - fast growing cities with populations between 200,000 and 10 million.

"This dynamic group includes many cities that are not household names today: Linyi, Kelamayi and Guiyang in China; Surat and Nagpur in India; Concepcion and Belem in Latin America," it said.



Image: Workers arrange Laddus (sweets) at a temporarily built kitchen in Ahmedabad.
Photographs: Amit Dave/Reuters.

Prev     More
© Copyright 2014 PTI. All rights reserved. Republication or redistribution of PTI content, including by framing or similar means, is expressly prohibited without the prior written consent.