Can India ever take over the economy of ...

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Rohan Chauhan

| Updated on December 25, 2017 | News-Current-Topics

Can India ever take over the economy of China and USA?

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Priya Gupta

@priyagupta2619 | Posted on December 25, 2017

Talking about Purchasing Power Parity (PPP), China Stands at the very top in the global ranking, followed by USA and India. However, a study found that by 2020, India will topple USA from spot number two, becoming the second largest economy in terms of PPP.

In terms of Gross Domestic Product (GDP), by 2030, China will take over USA. And by 2050, India will take over USA, grabbing the second spot.

So yes, India might beat USA, on different economical fronts, in coming decades, China with reign at the top.

However, India is at the top when it comes to fastest growing economy in the world.
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Vivek Sharma

@viveksharma3168 | Posted on November 23, 2018

I am no economics major, but I don’t see it happening any time soon. And there is no economic indicator that points to that direction either. China has a greater GDP growth rate than India. So catching up to the Chinese is a big business. Now you can argue that we have a greater growth rate than US and surely we’ll catch up to them eventually. But, you have to consider that a lot of Indian income comes from trade to US and UK. We have failed to find a market of our products in the Europe or China. So, if these economies come very close together then, India no longer has its TCS and Infosys. It no longer has a competitive advantage over those countries. And the rise of Trump government or the UKIP are certainly not going to help either. And the fact that Europe couldn’t still recover from the shock of 2008 financial crisis is also a factor that will play negatively to this. But, that’s a different story.

So, in short no. At least don’t expect it in our lifetime or your children’s. But, that’s my opinion from whatever limited knowledge of economics I have.

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manish kumar

@manishkumar4063 | Posted on July 8, 2020

An ongoing World Economic Forum report expresses that by 2030, India's economy will surpass the US. ... China, in runner up, will have a GDP of $ 80.02 trillion and the US $ 39.07 trillion. To reach $85.97 trillion of every 2050, the Indian economy should develop at a normal yearly pace of 8.1% per year for the following 39 years.

Explain Indian Economy?

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