2050 Predictions for India, Sri Lanka, China and the West by the Economist

[NGV-H]

Source: http://pages.eiu.com/rs/783-XMC-194/images/Long-termMacroeconomicForecasts_KeyTrends.pdf



Key points:

• China, India and the US in 2050 individually will be larger in GDP than the next 5 countries combined.

• The Chinese economy will be ten times its current size. Per capita GDP in China will be half of the United States', which is very impressive for a population over a billion.

• India will have a GDP per capita worth 24% of the US per capita GDP, which is a huge leap

.

• Sri Lanka is predicted to have a GDP per capita of $65,910 (half Germany's). This is not extremely rich in 2050, but rich enough to be considered an advanced economy.

 

[GreenApple]

India needs to do LOT to bring peace and prosperity to it's 1.27 Billion pupulation. It has to work hard to reverse the effect of 10 years mis rule by congress.
We need to become a production based economy rather than service based.

 

[Godman]

Source: http://pages.eiu.com/rs/783-XMC-194/images/Long-termMacroeconomicForecasts_KeyTrends.pdf



Key points:

• China, India and the US in 2050 individually will be larger in GDP than the next 5 countries combined.

• The Chinese economy will be ten times its current size. Per capita GDP in China will be half of the United States', which is very impressive for a population over a billion.

• India will have a GDP per capita worth 24% of the US per capita GDP, which is a huge leap

.

• Sri Lanka is predicted to have a GDP per capita of $65,910 (half Germany's). This is not extremely rich in 2050, but rich enough to be considered an advanced economy.

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It is nice to see Sri Lanka finally becoming an advanced economy, hope that nothing bad happens

 

[nForce]

Energy is going to be the biggest deciding factor for growth in the coming years. We have to move our assets to produce more bio-fuel. We have a huge landmass and huge tracts of cultivable wasteland. That has to be used properly.

It is nice to see Sri Lanka finally becoming an advanced economy, hope that nothing bad happens

Srilanka already has the highest GDP per capita in the region. The future looks bright for all of us.

 

[guyhandz]

Future for SL and India looks bright, better than our warmongers on the west.

 

[Beast]

India will cross USA nominal GDP somewhere in 2040-2045 and India will be equal or bigger than China in PPP GDP by 2050

That's a tall order

 

[unbiasedopinion]

Source: http://pages.eiu.com/rs/783-XMC-194/images/Long-termMacroeconomicForecasts_KeyTrends.pdf



Key points:

• China, India and the US in 2050 individually will be larger in GDP than the next 5 countries combined.

• The Chinese economy will be ten times its current size. Per capita GDP in China will be half of the United States', which is very impressive for a population over a billion.

• India will have a GDP per capita worth 24% of the US per capita GDP, which is a huge leap

.

• Sri Lanka is predicted to have a GDP per capita of $65,910 (half Germany's). This is not extremely rich in 2050, but rich enough to be considered an advanced economy.

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One important point missing is the economy of India grows by 3000% where as China by apporx 925%..Next are Brazil, US with 300%.

 

[Chinese-Dragon]

One important point missing is the economy of India grows by 3000% where as China by apporx 925%..Next are Brazil, US with 300%.

View attachment 254047

That's a massively optimistic prediction, considering that India's growth recently fell to 7% even after Modi's GDP "revisions" a short while back which boosted the GDP growth number by several percentage points already.

And even with 3000% growth as per the prediction, USA is still ahead. Shows how important the base economy is, even with such absurd growth numbers being predicted.

 

[Ryuzaki]

35 year predictions are useless,you cannot predict more than 5 years in advance with reasonable accuracy

 

[unbiasedopinion]

That's a massively optimistic prediction, considering that India's growth recently fell to 7% even after Modi's GDP "revisions" a short while back which boosted the GDP growth number by several percentage points already.

And even with 3000% growth as per the prediction, USA is still ahead. Shows how important the base economy is, even with such absurd growth numbers being predicted.

Yes It looks to be massive prediction.

 

[Godman]

35 year predictions are useless,you cannot predict more than 5 years in advance with reasonable accuracy

Yeah, 35 years ago the USSR was still there.
Discovering Natural resources ,Political events ,Natural disasters ,New technological discoveries etc can change the predictions

 

[Viper0011.]

One important point missing is the economy of India grows by 3000% where as China by apporx 925%..Next are Brazil, US with 300%.

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How does it grow by 3000 TIMES? Because you said so? That's a crazy prediction without having a Statistical model anywhere that I've seen....care to provide some facts and proofs? Remember, these are estimated. I can pay John Doe to write about my economic forecast to be in the top 30 countries (if I was a country) and had growth potential. How it actually works out, it may be very different than the anticipation. But the general rule of thumb is that the Chinese and the Indians will claim 2 top spots. US will be a third one, Pakistan will be the top 15th economy, and the rest. Here's a good comprehensive article. I thin the Western sources deflate the Chinese potential now a days for obvious reasons, but we'll see what comes in the future:

China, India To Lead World By 2050, Says PwC | The Diplomat

 

[CHD]

You cant predict anything beyond 3 years!

 

[09ee97]

You cant predict anything beyond 3 years!

They are not predicting for Pakistan, are they?

 

[NGV-H]

How does it grow by 3000 TIMES? Because you said so? That's a crazy prediction without having a Statistical model anywhere that I've seen....care to provide some facts and proofs? Remember, these are estimated. I can pay John Doe to write about my economic forecast to be in the top 30 countries (if I was a country) and had growth potential. How it actually works out, it may be very different than the anticipation. But the general rule of thumb is that the Chinese and the Indians will claim 2 top spots. US will be a third one, Pakistan will be the top 15th economy, and the rest. Here's a good comprehensive article. I thin the Western sources deflate the Chinese potential now a days for obvious reasons, but we'll see what comes in the future:

China, India To Lead World By 2050, Says PwC | The Diplomat

3000% would be thirty times for India, as compared to ten times (1000%) for China. But remember that India is growing from a lower base so higher growth rates are expected.

You cant predict anything beyond 3 years!

Actually, The IMF predictions for Sri Lanka have been correct to within 5% error for the last 10 years in a row. And they predicted out to about a decade in the future.

They have a lot of historical data to base models off.