CaPtAiN_pLaNeT
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I don't think Standard chartered was talking Indian economy becoming $30 trillion in PPP terms but rather in Nominal terms. But I could be wrong.
Read the bold part carefully from economic times.
MUMBAI: India is expected to grow faster than China over the next couple of years and will be a $30-trillion economy by 2030, according to a report by Standard Chartered Bank . India is going to be the third-largest economy in the world after the US and China.
The super-cycle report prepared by Standard Chartered’s global research team, which is based on several assumptions, says while China is likely to grow at a 6.9% rate over the next two decades, India is likely to grow at a pace of an average 9.3% over the same period and trail the US as the third-largest economy by 2030. China may also overtake the US to become the world’s economic superpower within a decade.
It sees the world economy reaching $308 trillion by 2030. Within this, China will be a $73-trillion economy and India will be a $30-trillion economy, based on its growth and inflation forecast. At present, India is slightly over a trillion-dollar economy. It has assumed that the Chinese yuan will have appreciated from 6.64 this year to 4.39, and the rupee from 45.5 this year to 35 in 2030.
The report has forecast that living standards, as measured by real per capita income, will have increased nine-fold in China and India between 2000 and 2030. Rising personal incomes will push billions of people into the middle class and drive consumption, which will spur domestic economic growth.
Stanchart defines a super-cycle as “a period of historically high global growth, lasting a generation or more, driven by increasing trade, high rates of investment, urbanisation and technological innovation and characterised by the emergence of large, new economies, first seen in high catchup growth rates across the emerging world.”
There have been two such super-cycles before. The first ran from 1870 until 1913, on the eve of the First World War. The second began with the end of the Second World War and lasted until the oil crisis in 1973. The current super-cycle, according to the report, started at the turn of the 21st century and is likely to extend at least until 2030.
As you can see from the image, its the nominal GDP not PPP.
India's current nomonal gdp is 1.367 trillion... continue to multiply it 20 times with 1.093 as you indicated india will have a average gdp growth of 9.3%...
The result will be 8.09 trillion.... pardon me if I make any mistake... but no way 30 trillion in terms of nominal and even in terms of ppp with 9.3% annual growth it will be 23 trillion not 30 trillion....
I think you got your answer... they also show economy much higher for both china, indonesia, france and other countries.....such as for china... even if it continues to grow 10% a year it will have a gdp 67 trillion dollar in 2030.... in terms of ppp not nominal.... but this sort of growth is unlikely....
n regarding bangladesh and india I will give you a easy example ... right now bangladesh has a gdp 241 billion and india 3.67 trillion in terms of ppp ... so right now it is 16 times bigger economy with population around 8 times... but if bangladesh can maintain 10% average gdp growth and india 9.3 percent then by that time india will be 13 times bigger economy where bangladesh will have 1.75 trillion dollar economy vs india's 23 trillion in terms of PPP ... which is currently 16 times bigger... so you can see bangladesh will continue to develop relatively more than India... after 2030 india is likely to slow down.. but for bangladesh if every thing goes well it may accelerate rather than slowing down... so you can see from 2030 to 2040 and from 2040 to 2050 the difference will continue to reduced and if bangladesh can go ahead with all the reform and development ... it will not be impossible for bd to achieve a higher per capita gdp than india by 2050...
