Year 2050:India to become 90% of the size of the US Economy

Published by admin on March 11th, 2008 | Tagged Business, News

Future of the Indian Economy:

A PriceWaterhouseCoopers or PWC report has made some interesting predictions which indicate that the Indian Economy has a very bright future as it is going to become 90 % of the size of the US economy by the year 2050.

The growth rate of the Indian Economy is about 8.5 per cent,this is higher than that of China, which is 6.8 per cent.

China to become the largest economy on the world:

According to PriceWaterhouseCoopers,by 2025,China will be move ahead of the US to become the largest economy in the world and another thing that will happen is that, by 2050, China will be 130 per cent of the size of the US economy.

Growth rates of Asian Countries:

The PWC report indicates that, Vietnam has the highest growth rate of 9.8 per cent and it will be 70 per cent of the UK economy size by 2050.India is growing at 8.5 per cent ,which is higher than China’s growth rate of 6.8 per cent.

Largest economy in Africa:

According to the PWC report, Nigeria will become the largest economy in the African Continent by 2050,currently South Africa is the largest economy in Africa.