CardSharp
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what??? with even a growth rate of 6-7 % we will reach to US current position in next 2 decade. do your calculation properly
Well I think people are underestimating how far ahead the US is.
lets say 7% GDP growth per year for India
$1.25 Trillion US dollars - 2009 India
$14.25 Trillion US dollar - 2009 USA
FV=1.25Tx(1+0.07)^20
= 3.87 Trillion dollars in 20 years not taking in inflations and PPP.
China's current GDP 4.9 Trillion.
Assume tentatively 8%
FV=4.91Tx(1+0.08)^20
=22.89 Trillion dollars in 20 years not taking in inflations and PPP.
$14.25 Trillion US dollar - 2009 USA
assume tentatively 2% growth (recent economist estimate)
FV=14.25Tx(1+0.02)^20
=21.17 Trillion dollars in 20 years not taking in inflations and PPP.
All this is by no means certain.
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