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Wednesday, March 28, 2012

''India to become world's largest economy by 2050''

From NDTV

"India will become the world's largest economy by 2050, surpassing its neighbour China, 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.

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."

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