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Will Indonesia replace India in the BRICs?

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You Indians have been saying that same BS for years. :lol:

But latest data from the IMF puts India's economy at $1.6 trillion.

And the value of the Rupee has fallen further since then.



Report: India to be world's biggest economy in 2050



Posted by:
CNN Producer, Paul Armstrong



(Image credit: AFP/Getty Images)

(CNN) – India will overtake China as the world’s biggest economy by 2050, a new report says.

This follows China’s rise to the top spot in 2020 at the expense of the United States, according to the 2012 Wealth Report by Knight Frank and Citi Private Bank.

The survey was published as India hosts the BRICS summit of emerging economies, which also includes China, Russia, Brazil and South Africa.

The report predicts India’s GDP will reach $85.97 trillion in terms of purchasing power parity (PPP) by 2050, compared to China’s figure of $80.02 trillion for the same period.

The United States sits in third place at $30.07 trillion, with BRIC nations Brazil and Russia predicted to retain their position in the top 10.

Are the BRICS overrated?

Earlier this year, a report from the International Monetary Fund (IMF) expected India’s economy to expand “above trend” in 2011, with high levels of growth continuing over the medium term, spurred by “high investment in infrastructure and productivity gains.”

Interestingly, Indonesia, Nigeria, Mexico and Egypt are the other developing economies expected to take their place at the top table.

“Many poor economies have opened up and reached the modicum of institutional quality and political stability that are needed for fast growth and rapid catch- up,” said Willem Buiter, Citi’s Chief Economist.

James Lawson, a director with Ledbury Research, says much of this growth can be attributed to a few key areas, including natural resource development, manufacturing and construction.

The report adds that the losers will be western countries - in terms of output , at least.

Citi forecasts the North American and Western European share of world real GDP will fall from 41% in 2010 to just 18% in 2050. Developing Asia’s share is expected to rise from 27% in 2010 to 49% in 2050.

As if to reinforce the shift eastwards in wealth distribution, the report adds the region covering China, South-East Asia and Japan now has more centa-millionaires (those with over US$100m in assets) than North America or Western Europe.



Show me where it says that from IMF I do not trust Chinese puppet media
 
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You Indians have been saying that same BS for years. :lol:

But latest data from the IMF puts India's economy at $1.6 trillion.

And the value of the Rupee has fallen further since then.

RMB has been appreciated in every year, while Rupee has been depreciated in every year.

Why India hasn't been labelled as the currency manipulator? Too much double standard excuses from the Yankees. :coffee:
 
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RMB has been appreciated in every year, while Rupee has been depreciated in every year.

Why India hasn't been labelled as the currency manipulator? Too much double standard excuses from the Yankees. :coffee:


No basic economics ours is market led not done by state commu masters like China
 
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The report predicts India’s GDP will reach $85.97 trillion in terms of purchasing power parity (PPP) by 2050.

Only one report said that, and it is the only report that uses the worthless "PPP" measurement. :rofl:

Meanwhile, India's growth has fallen to 6.1%, and they got downgraded by S&P for having an awful fiscal deficit. :lol:
 
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Buddy trump is no idiot he is one of the shrewdest businessman out there, see his interview on CNN he spoke volumes and it was really intresting to gain his views.




buddy in UK everyone knows Chinese have the smallest willies go ask a white girl and ask her she will tell you

loll he is abuisneess man not an economist and thank god he is not a politician. he would completely screw america over.
 
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Buddy trump is no idiot he is one of the shrewdest businessman out there, see his interview on CNN he spoke volumes and it was really intresting to gain his views.

no not really, he's simply born to the right parents. only morons admire him or believe he's a self-made man.

buddy in UK everyone knows Chinese have the smallest willies go ask a white girl and ask her she will tell you

objective statistics > your anecdotes. sorry buddy.
 
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