Will INDIA Dominate: Prime Minister Narendra Modi ‘s dream of making India the world’s third largest economy seems to be coming true. A global report says that in the coming 26 years, the countries that are emerging today will have the largest economies. The report has predicted that India will become the world’s second largest economy.
International organization PwC released ‘The World in 2050‘ report in the year 2020. The report says that developing economies will overtake economies like America, Japan and Germany. The report presents data by comparing 2016 and 2050. The report estimates that China, India, America, Indonesia and Brazil will be economic superpowers after 26 years. The economies of India, Indonesia and Brazil are still emerging, which will become superpowers by 2050.
The report has been prepared by talking to people of developing countries. People were asked what benefits they are getting from the changes being made in the name of development in these countries, how do they feel living in these countries and what do they think about the future results of the development work being done here.
Table of Contents
China
China is already the second largest economy in the world. China’s current GDP is $19,374 billion and the per capita income here is $13,724. People living in China say that new industrial parks, shopping malls, restaurants are built here in the blink of an eye. Rowan Kohl said that when he came here 15 years ago, the area where he lives was a farm and swamp, but today its entire form has changed.
India
The report says that India will see major changes in development in the next 10 years. Every year, the country’s GDP has seen an average increase of 5 percent. With this, India is the fastest growing economy in the world. The report claims that India will be the second largest economy in the world by 2050 and will have a 15 percent share in the world’s GDP. An Indian Saurabh Jindal said, ‘I have seen India changing before my eyes from the 20th century to the beginning of the 21st century.’
Saurabh Jindal said that the growing economy has brought about many changes in the lifestyle of people. A big change is visible from the appearance of the city to the attitude of the society and the behavior and conversation of the countrymen.
America
America is currently the world’s largest economy with a GDP of $26,462 billion. The per capita income here is $80,399. However, after 26 years, America will fall behind China and India to the third position. India is currently at number five in the list of countries with the largest economy, but by 2050 it will move from first to second and America will move from first to third.
Indonesia
Indonesia will become the fourth largest economy in the world in the next 26 years. However, Indonesia is not even among the top 10 economic superpowers right now. The report estimates that by 2050 it will come at number four.
Brazil
Brazil will become the world’s fifth largest economy in 26 years, leaving behind Japan and Germany. Currently, Japan and Germany are at number three and four, but it has been estimated that in the next 26 years these two countries will not even be in the top five. Brazil is currently the tenth largest economy with an economy of $ 2,800 billion.
