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India will have a good run, as long as oil prices remain low. It still have to do reforms which the Central and State governments are not willing to do. Even th
by sremani 11y ago
India will have a good run, as long as oil prices remain low. It still have to do reforms which the Central and State governments are not willing to do. Even though Modi is supposed to be the pro-business friendly messiah, the politics and yearly elections at state level put certain binds and limitations. India will have growth, and lot of people will be millionaires but I would be surprised even in 2030 if India surpasses UK or Germany, and makes into TOP 5. The economic policies are not cohesive and politics for a lack of better word are "Tribal".
- npalli 11y ago> I would be surprised even in 2030 if India surpasses UK I would be surprised it if didn't surpass the UK by then. According to IMF[1], the 2015 GDP of UK and India are 2864 and 2182 Billions USD. All India needs to do is grow about 18% faster than the UK. Assuming UK grows at 3.0% that is 4.8% for India. Hard to see how in the next decade or so of low commodity prices, booming working population, low debt overhang, china slowdown etc., India does worse than that. I would not be surprised if India overtook UK before 2025. [1] http://www.imf.org/external/pubs/ft/weo/2015/02/weodata/index.aspx http://www.imf.org/external/pubs/ft/weo/2015/02/weodata/inde...
- ameen 11y agoAre you Indian? The new government has started imposing new levies and commodities are at an all time high. The CoL is getting ridiculously expensive and one could live comfortably in a few western countries at this rate. Greed and corruption are pulling India further down than portrayed. Farmer suicides are alarmingly high. IT companies are losing lucrative overseas projects as well. The need of the hour is to be economically mindful and invest in holistic education and hope not to fall into a corrupt/beauracatic trap.
- nautical 11y agoPlease quote the sources of data for your claims ... From what I see https://en.wikipedia.org/wiki/Farmers%27_suicides_in_India#/media/File:Total_and_farmers_suicide_rate_per_100000_in_India,_time_trend.png https://en.wikipedia.org/wiki/Farmers%27_suicides_in_India#/...
- kamaal 11y ago>>I would be surprised it if didn't surpass the UK by then. Define 'Surpass' please. These are not just economic metrics, one needs holistic development. Infrastructure, energy security, national security, access to good public schools etc. As Indians we need to accept the fact it will heck lot of more time for us to see any real change on the ground.
- yadongwen 11y agoJust curious why you type 'china', 'India' and 'UK' when you type country names? I've seen this many many times. As Chinese I don't make such mistakes. And you guys surely have better English than me..
- newjersey 11y agoI personally write China PR when government stuff is involved.
- l33tfr4gg3r 11y agoIt all boils down to whether they get the Kohinoor back.