March 29th, 2012
10:07 AM GMT
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(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.

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Filed under: AsiaBusinessChinaIndia


soundoff (106 Responses)
  1. S.S.

    Grats India!

    March 29, 2012 at 10:32 am |
  2. Me And The World

    Nobody knows who stands where in 2050...Bloody cynical research reports....

    March 29, 2012 at 10:40 am |
  3. Ferd of Aragon

    Thanks God, it is not a Muslim majority country!!

    March 29, 2012 at 10:47 am |
  4. lance

    yes, they might be the biggest economy in the world . but most people there are suffering because of lack of food and many things. Isn't it sarcastic when you say there are rich people there and yet more than expected are people are suffering?

    March 29, 2012 at 10:49 am |
  5. tabish

    yes, lance u r right we need to distribute the wealth equally

    March 29, 2012 at 11:15 am |
  6. Land of Indus

    Interesting, but highly unlikely. Most of Eastern China is yet to be developed. So China will likely be far larger than India by 2050. Also, India does not have the scale of resources that China has. Probably such reports have a political agenda.

    March 29, 2012 at 11:20 am |
  7. Matt C

    I assume this prediction has been based on the idea that all current growth rates in both the emerging markets and the developed world will remain the same. At some point the BRICS growth rates will start to slow down (especially the export dependant ones like China)

    March 29, 2012 at 11:36 am |
  8. Foo M.

    2050 is a long time into the future and probably the human race will have run into limits of growth before then. Extrapolation of current growth rates is clearly too optimistic here. Unless a new, abundant source of clean energy can be found, life as we know will be very different in 2050.

    March 29, 2012 at 11:49 am |
  9. Indian

    The report will make a good reading and will help in nursing the fake egos of my fellow countrymen sitting in high bureaucratic and position of power & wealth.

    But what about us :(

    March 29, 2012 at 11:51 am |
  10. Realistically

    Yes but this is in Purchasing Parity Power. That just means that because things in China and India are cheaper (eg labour) their GDP PPP is higher than other western countries. If you were to measure GDP in nominal terms, the gap would not be big. They would actually all have about the same amount of money, it's just in China and India you can buy more for less. But realistically their economies would be about the same size.

    March 29, 2012 at 11:55 am |
  11. Jan Eisner of the Philippines

    I wonder who commissioned the survey/report? Anyway, I concur with 'Land-of-Indus' that this is highly unlikely. At present, India's economy failed to continue the growth it achieved for several period. This can be attributed to political instability and the lack of medium to long term socio-economic plan. And most importantly, India may have more resources but China has the 'national' determination to be BIG and be #1 in the rankings – and that is what India as a nation is missing.

    March 29, 2012 at 11:57 am |
  12. Robin

    When in 80's it was said that China will overtake USA in 40 years,nobody belived. In 2020 it will. Same way this report is based on the reality on the ground. The demographic advantage, huge Internal market, rich resource, large scientific pool and established democracy will make India the biggest economy. As reported last year, It will start to grow faster than China soon.

    March 29, 2012 at 12:19 pm |
  13. Pangea

    Well better India than China. But remember a lot can happen from now and till 2050. War, national disaster etc can always change this. And remember India has Pakistan next door and one never knows what this terrorist friendly violent Pakistan will do over time.

    March 29, 2012 at 12:30 pm |
  14. Matt C

    I don't think Purchasing power parity is the best measure of an economy's size. PPP shows how much money would be needed to purchase the same goods and services in two countries and it does not reflect the value of economic output in international trade.
    I, myself believe that Nominal GDP is the crucial indicator because it gives you the best estimate on the market value of all final goods and services from a nation in a given year. At the moment the US economy is valued at just over $15 trillion with China being valued at around $7 trillion and India around $2 trillion.
    Both Nations still have a long way to go and anything can happen.

    March 29, 2012 at 12:39 pm |
  15. Clinton

    I don't believe this, not because I don't believe in the growth in Asia, or other parts of the world. I look at it from a practical point of view. One simple question, what will the total population of the world be by 2050? It will be at least 40% more than now, according to some other "reseach". We don't have unlimited resources, the world economy will face many problems when everyone tries to get more for him/herself. Where do we find the fuel (means resources) to propell this kind of high growth for so many countries for the next 38 years? For someone who makes this kind of prediction, it seems to me, is only a hypothetical math calculation.

    March 29, 2012 at 12:45 pm |
  16. wasso

    In response to Ferd of Aragon's remark, by 2050 India could well be a Muslim majority country given the population growth rate of Muslims there vis-a-vis other religious groups.

    March 29, 2012 at 12:46 pm |
  17. James

    lots of pakistanis and racist arabs will cringe reading this :) In your face, look who's laughing now ! India is definitely growing , but only if corruption ends, otherwise it will probably not develop much.

    March 29, 2012 at 1:04 pm |
  18. Robert G

    This sort of exact predictions are worth nothing.
    A civil war, change in prices from raw materials or other not predictable developments could change the top 10 from 2050 dramatically.
    You can only say that the rising developing economies will play a great role in that time, probably a leading role. But which country and on which place? Impossible to say in 2012

    March 29, 2012 at 1:05 pm |
  19. anjana

    back to glory

    March 29, 2012 at 1:07 pm |
  20. rakesh

    well there are many people who are bringing pak in it they are mad what to do with pak in it and one thing india has rich people but 70 % people are still living under poverty line

    March 29, 2012 at 1:32 pm |
  21. Joe

    Did CNN pull this idea out of the a$$ ? India can never make it as a counter weight to China. They don't have the mindset to do it. Dream on.

    March 29, 2012 at 1:37 pm |
  22. wasso

    Joe: Probably the people preparing this study were most likely Indian or of Indian origin. Data can be fudged, twisted and massaged in endless ways. In fact, the latest evaluations from a number of sources show India in trouble. But that's besides the point; from now till 2050 is a long, long, long time and anything could happen.

    March 29, 2012 at 1:47 pm |
  23. Carm

    The world will end before then.

    March 29, 2012 at 2:04 pm |
  24. Marco Hsiao

    The world is changing fast. My spectacular prediction will be proved certainly. In 2020, the GDP of Brazil, Russia and India will surpass Britain, France and Italy.

    In 2035, the GDP of Indonesia, Korea and Mexico will excel Britain, France and Italy, too.

    In 2050, the GDP of Jiangsu province (of China), Zhenjiang province (of China) and Vietnam will also exceed Britain, France and Italy.

    March 29, 2012 at 2:10 pm |
  25. Arun

    Some key points, US and India are a biggest democracy in the world. Have common enemy called Terror. Both coutries are secular, Not aligned to any religious fundamentalism. Ofcourse both have mightly millitery power in the globe. US and India long term relationship in terms of technological and scientific resource community. All we need is..
    US to ditch pakistan and align with India.
    India to ditch Russia and align with US.

    Already China, Pakistan, Russia, Srilanka are re-aligning. It could be 2012-2050 AXIS OF EVIL

    March 29, 2012 at 2:12 pm |
  26. hachimada

    2012-2050 AXIS OF EVIL? It's the joke of the day!

    March 29, 2012 at 2:30 pm |
  27. Gandharv

    What a stupidity wasting time making such reports ! We can't even predict accurately what the growth in next quarter will be....

    March 29, 2012 at 2:36 pm |
  28. Man

    Damn True!

    March 29, 2012 at 2:40 pm |
  29. JOEy

    all this talk about India's economy is big but people are poor is correct. However, the USA poverty rate is also tremendously high (16-20% for a country with the highest GDP). Kids are malnourished and in many cases many poor people are addicted to cheap sugary drink. The hispanic and black population suffer the most.

    March 29, 2012 at 2:54 pm |
  30. JBRYAN

    Too many people think that being the largest economy means that you're somehow the most advanced or have the highest standard of living or are the most powerful, etc. People don't understand anything about economies, so they see the jist of this article and think "ZOMG TEH USA IZNT GOOD IT SUX AND TEH CHINAS AND TEH INDEEANS IZ WINNING NOW!!!!111"

    Idiots.

    March 29, 2012 at 3:04 pm |
  31. Norway

    And the west keeps spending billions on aid for the "poor" states, spending billions on immigrants. When will we learn to take care of our selves before anybody else? If we stop spending money on those emerging economies then we will be able to take care of our own problems and get out of this recession and regain some economical strength. We will be the poor by 2050 and Asian states have to give us aid and we live in poverty.

    March 29, 2012 at 3:29 pm |
  32. adam

    on the plus side India is a democracy and will hopefully have something that resembles a rule of law when it comes to business.

    March 29, 2012 at 3:35 pm |
  33. Jan Eisner of the Philippines

    NORWAY – well, that is what is happening at present. 20years ago, the Philippines consistently borrows money from the IMF and received grants/aids from European countries [Norway among the biggest donors]. Right now, from being a net-borrower, the Philippines is now a net-lender to the IMF. And the country has contributed $1Bln to the Euro-Fund. It is a small amount indeed, but says a lot from a economic and political standpoint. Further, what we are missing here is not just about the grants or aid, but 'demographics'. Its a staple factor of estimating economic growth. While most Asian countries' population is predicted to grow for the coming decades, the developed economies' population are in a decline, and Norway is a good example as well.

    March 29, 2012 at 3:48 pm |
  34. desiboy

    rememeber India was richest country few centuries back........... History repeats itself :)

    March 29, 2012 at 4:16 pm |
  35. Allan

    I'll be dead by then anyway so it really doesn't matter.

    March 29, 2012 at 4:21 pm |
  36. JOEy

    @ desiboy a few centuries ago India as a nation never existed

    March 29, 2012 at 5:22 pm |
  37. A Honest India

    Becoming biggest in simple economic terms, I wonder if this is what we Indians really want. Sure, it will help drag millions out of poverty, push India into the ivy league of nations and hopefully, if India remains true to its senses, and historic values would help millions elsewhere by extending a helping hand. By what worries me and should worry any other right-thinking individuals (Indian or otherwise) is the ways we are at present running behind easy money and in turn losing our moral moorings.

    March 29, 2012 at 5:42 pm |
  38. KBXL

    Largest economy does not mean most developed, or wealthies nation. India today is growing fast, but its society still functions on near-medieval belief systems that impede it from actually reaching a stage of human development on par with developed nations, and even many developing nations...It is still quite a backwards part of the world, with the greatest social extremes and a value system largely based on fantasy.

    March 29, 2012 at 5:43 pm |
  39. Rick Bateman

    What nonsense. The real world is non-linear. Clearly an indicator to remove any money you have invested with Citi Private Bank since whoever allowed time and money to be spent on this is going to mislead clients big time.

    March 29, 2012 at 6:05 pm |
  40. manojpareek

    India is little better than africa . poverty is so appalling and beyond description.Ever seen 3 year old rag pickers in heart of Indian capital. India has world's biggest child labour in the world but the important question is will humanity survive till 2050 . Will humans leave this world fit for habitation 2050 ..

    March 29, 2012 at 6:25 pm |
  41. IPman

    Not sure if the world would be still in existence though in 2050.

    March 29, 2012 at 6:35 pm |
  42. AJ

    @JOEy Yeah... India did not exist few century ago, but Indie/Bharathvarsh/Akhand Bharath/Maha Bharath/Hindusthan existed for your records.

    March 29, 2012 at 7:09 pm |
  43. That'snotTrue:[

    This is a joke...right? 2050 is a long time off...and India isn't catched up to China yet...is it only one third or one forth of the GDP I can't remember...but shouldn't India be taking one step at a time...not aiming to be the most powerful economy when soo much needs to be done wih its borders.

    March 29, 2012 at 7:36 pm |
  44. wysiwyg

    China would be more democratic by 2050 and India more socialistic because of its large population,corruption,bribery,caste system,child labour,slavery and failing democracy.The disparities in wealth,education,etc..is far greater in India.Furthermore Indian culture is far more conservative,insular and less
    progressive.

    March 29, 2012 at 7:57 pm |
  45. Spanish fly

    All of China's ambitions rest on continuing to provide cheap labor to the West at slave labor prices and with currency manipulation to boot. This whole scheme is unsustainable and it's a miracle it's gone on as long as it has. China's supernatural growth economy is a fraud that only continues as long as we allow it to.

    March 29, 2012 at 9:05 pm |
  46. immi007

    thats a biggest joke of the histroy.......

    March 29, 2012 at 9:11 pm |
  47. jc.yin

    Let's hope India has managed to provide all of its population with working toilets by then

    March 29, 2012 at 10:01 pm |
  48. jc.yin

    "All of China's ambitions rest on continuing to provide cheap labor to the West at slave labor prices and with currency manipulation to boot. This whole scheme is unsustainable and it's a miracle it's gone on as long as it has. China's supernatural growth economy is a fraud that only continues as long as we allow it to."

    Doesn't India's "miracle" also rest on cheap labor? Is that also "unsustainable supernatural growth"

    March 29, 2012 at 10:03 pm |
  49. MP4/3GP ADULT VIDEOS, GET IT NW 14YR N ABOVE

    hahaha after all they knew very well that, there economy wil start growing by 2050

    March 29, 2012 at 10:57 pm |
  50. reagan

    well, good bye America, its been swell–well not really

    March 30, 2012 at 12:14 am |
  51. Karthik

    Muslim, Hindu, Christian, Sikh, Jain, Buddhist, Jew, Punjab, Telugu, Tamil, Kannada-we're all Indian =). Jai Hindustan and may god bless this land for eternity. I also wish the USA or Europe would be higher on the list, as I trust their governments more than I trust the Chinese.

    March 30, 2012 at 12:45 am |
  52. logical

    Doesn't it just make sense that the two most populous countries in the world are becoming the world's largest economies?

    This is only possibly cynical/bad news from the American perspective. This could also be good news for America, since it could mean fewer foreign elements trying to influence the US government at the cost of the American people.

    March 30, 2012 at 12:48 am |
  53. LydssZ

    @Ferd if Aragon: you are a moron man

    March 30, 2012 at 12:54 am |
  54. Mohammad Khan

    Main problem with India is its poverty, government, and our neighbour, Pakistan. The government does nothing. Poverty is bound to improve as India starts to grow. And hopefully, Pakistan will stop supporting terrorists against us and the poor Afghans for once. All in all, I love my India, and, god willing, I wish it to be the most powerful country in all of the world. Jai Hind!

    March 30, 2012 at 12:58 am |
  55. Ambika

    Who cares about GDP measured in terms of PPP, there is still a long way to go for us. Here in Tamilnadu , there is a mandatory power cut for several hours a day. Severe shortage of gas. Shortage of drinking water in some areas. Why dont CNN write an article about that ?

    March 30, 2012 at 2:56 am |
  56. Ambika

    oh wait , I just remembered that CNN has been doing that for years now !!!!! okay they want to say something nice about India at last. But we dont want some damn survey based on PPP. That is not the reality !!!!!!! It will give our lazy and corrupt politicians something to munch about.

    March 30, 2012 at 3:13 am |
  57. aashi asi

    and wat bout more than 60% people living in poverty here??

    March 30, 2012 at 4:09 am |
  58. Spanish fly

    China's poverty rate is like 85% if you compare it to American poverty level. China's poverty level is fake, $1 a day.

    March 30, 2012 at 6:48 am |
  59. jesus

    fuking great more Indians in help and support, hello sir can i help you ! the customer answers, yes fuk off

    March 30, 2012 at 8:03 am |
  60. That'snotTrue={

    @ Spanish fly, are you Shadowsnw?

    Seriously, all the stuff you're spouting have no facts.
    Fact: China is the second largest economy
    Fact: Exporting is not the main thing on the next five year plan but domestic consumption
    Fact: Wages are raising... although some could have came a lot sooner rather than something like the Foxconn scandal

    Fact: India's government isn't getting a lot done comparing to China's
    Fact: India buys now 10% of the world's weapons...that money should be going else where
    Fact: India government need to be there for the people not multinational corporations, research Bhopal!

    March 30, 2012 at 7:19 pm |
  61. Krishna

    We have to remember that this is 38 years in the future. I'm from Hyderabad and I can tell you all about corruption and foul play by government officials here. However, there is no denying that society IS changing. Even within 10 years, it's like living in a completely different world now. The growth and progress is only increasing, and in 10 years time, I can assure you we'll be a lot more changed. However, this is our role as Indians to see to it that this occurs. We have to demand an end to corruption, and we have to help stop poverty. In the future, when we look into the past, our excessive egos/pride/boasting about the greatness of India will not matter, but what will matter is how we all change our society for the better. Education is key in doing that and if you want to help India grow, there's no better way than studying hard and making a name for yourself. Same goes for any power. Let's show them what we've got, India!

    March 30, 2012 at 7:51 pm |
  62. AK

    People who are willing to accept fault on their side will win, as always..

    March 30, 2012 at 8:28 pm |
  63. sameh

    What happens if Joe threw hot water ice
    http://upload40.com/12316.html

    March 30, 2012 at 11:36 pm |
  64. gliese42

    India can be a great nation if it unifies the country in one language, getting rid of corruption and cronyism otherwise whatever Churchill said was true after all

    March 31, 2012 at 12:38 pm |
  65. contabilitateoradea

    China and India, two economies with a huge market, will dominate the 21st century ecoomic the east at first. Resources need to be increased, so the energy will be key to economic growth.

    March 31, 2012 at 8:30 pm |
  66. cebuanic

    it's a joke, it can't be...

    March 31, 2012 at 10:26 pm |
  67. arkers

    Only Idiots will say such crabs. China has larger territory and more population than india has. Much of its middle and west part are not yet developed. Meanwhile, China 's economy is now transforming into a consumption-driven one. Its consumption power is not able to be demonstrated to the rest of the world. These preditors absolutely have no idea of what a fully developed nation with a population of 1.4 billion will bring about. It is just, to my uderstanding, a bias basing on the systems of goverment these two country adopt. Becasue China is totaliterian state,as the west often crticise, they tend to badmouth China while speaking high of India due to its demacracy. As a matter of fact, economy developement has nothing to do with demacracy . Demacracy can make a rich nation run much better while it is less so in poor nations. Economy shall be the first priority and then demacracy. China , regardless of the will of its goverment, is going to set a good example for this mode.

    April 1, 2012 at 12:02 am |
  68. nirash

    great, if we want to see all this greatness, first indian forces have to stop killings of moists rebles, they are indian too give them their rights and land, today 40% of india is infected by naxlite movement, plz stop madness and give peace a chance

    April 1, 2012 at 12:27 am |
  69. Solomon

    Firstly, GDP per capita is what matters, since that indicates the level of development better. And of course, statistics can lie too. Recently, the Indian government claimed to have reduced poverty drastically – by shamelessly lowering the poverty line!
    Secondly, I am perplexed by how much disdain the western commentators here (they could be trolls, I don't know) have for a pluralistic democracy like India, while praising authoritarian China. While not perfect, India is a model of a tolerant multicultural nation where diverse points of view are considered and respected. Of course, too much of democracy can be a bad thing too – as shown by India!

    April 1, 2012 at 1:37 am |
  70. FCUK DHOTI

    At first India has to deal with its growing population and good neighbour Pakistan before eyeing on such big jump. They must have to correct their political mind set about states like west Bengal, Bihar, UP, Sikkim ..... . It's not like if the southern India is developed, all other indian states are also. Don't like dhoti's perceptions on other minorities in northern india. The northern indian states must seperate from India and make them pay for their discrimination towards northern states.

    April 1, 2012 at 2:57 am |
  71. FCUK DHOTI

    No guys, Pakistan, Afghanistan, Iraq, Soudi Arabia, Oman, Egypt, Lebanon will rule the world by then. coz they will not gonna let other country to progress. I'm sure they will use the doplomacy of terrorism, blasting, bombing and killing. Hmmmmm few good religiously motivated people from other countries may also try to follow their doplomacy..

    April 1, 2012 at 3:06 am |
  72. sameh

    this site is very good to learn english for free
    http://upload40.com/12602.html

    April 1, 2012 at 6:43 am |
  73. rvastag

    Is it a good thing there are already more super-wealthy in Eastern Asia than in the West? Seems this shows that the 'new wealth' of that region is not being shared very evenly and it is definitely a society of have's and have-not's.

    April 1, 2012 at 8:44 am |
  74. Skin Taj

    "Interestingly, Indonesia, Nigeria, Mexico and Egypt are the other developing economies expected to take their place at the top table" says it ALLL !!!!!!!!!!!!!!

    April 1, 2012 at 7:32 pm |
  75. Skin Taj

    "Interestingly, Indonesia, Nigeria, Mexico and Egypt are the other developing economies expected to take their place at the top table" says it ALLL !!!!!!!!!!!!!! SUNS rises from SOUTH !!!!!!!!!!!!!!!!! AS IF !!!!!!!!

    April 1, 2012 at 7:35 pm |
  76. ahmadi8

    Do not write off USA just yet. Even US is printing $ at will, everyone still loves it. India becomes a world power in 2050...what a joke. It must be April Fools' Day.

    April 1, 2012 at 8:57 pm |
  77. Havildar

    It goes to show that investment in Science and Education is starting to pay off for the Worlds Asian Giants. While here in the USA the nutty republicans continue to dismantle Education and teaching of Science. Shows the difference 2 nations one Communist another a Free True Democracy compared to the USA a very divided society with the Lunatics in charge of the Supreme Court and of Congress.

    April 1, 2012 at 9:09 pm |
  78. Bazinga!

    Oh no! How will America make as much War as it wants to? I'm sure they'll find a way :(

    April 2, 2012 at 2:00 am |
  79. zen

    Indians are little cleaner. They do not eat sh..it.. or dogs or cats. Chinese are dirty people!!!.
    Indians have better brains. Chinese are good in copying.
    Can't talk to a chinses because their mouth stinks like a skunk and they do not knoe english!!!. lol

    April 2, 2012 at 2:07 am |
  80. Canuck1

    America is a violent, materialistic, immoral, class-divided, health care for some but not all, food stamp society heavily in debt with a huge war machine to feed...other then that, its exceptional! ha ha.

    April 2, 2012 at 2:10 am |
  81. zen

    looks like most muslim folks in this thread d not want India to be great!!. obviuosly because their women instead of sleeping with pigs wouod strat liking men!!!

    April 2, 2012 at 2:12 am |
  82. Kumar

    Democracy leads to a stable structure. God's grace this is been happening in India & we have started reaping the fruits. Agree there is huge gape between rich Indians and poor Indians, but have to salute the efforts of successive Govts. Things are getting improved every passing year. Poor and middle class people have started using this ever improving Infrastructure. Education, Health care, roads, railways, communication, food & staples, fuel all are getting either subsidized or rationalized and are available at reasonable prices as compared with else where in the world. While I agree with the emphasis on the eradication of poverty but also support resources being spent on defense, space research etc., otherwise we would be left lot behind. Politicians come out from public and unless we all share the responsibility of cleaner society the issue of corruption would never be eradicated from it's very roots. Lets hope for a amicable relationship not only with far east or far west countries, but even with our neighbours and hope for the reciprocation. Haste, War is good for no one. Live and let live. Proud to be in India and being an Indian. Jai Hind.

    April 2, 2012 at 8:25 am |
  83. Joe

    i'm 45 now. in 2050 some people might celebrate my 83rd birthday anniversary. i'd love to be around then, but who knows... i'd also love for the world to have become a single country by the sheer force of globalization and interdependence. political borders might still exist for the politicians to claim some achievement, but who would care. the writing is already on the wall, we already give more priority to our managers at the office whichever nationality they may be, over our political leaders...

    April 2, 2012 at 6:27 pm |
  84. Asif

    India is a kutta(dog). How true it is. And will become a top kutta. Perfect.

    April 3, 2012 at 12:07 am |
  85. zubairpk

    India apna Dil bara kare Pakistan aur Bangladesh ko bhi saath apne Federation mei shamil kare.

    April 3, 2012 at 5:11 am |
  86. vijay

    This is funny story and I am not buying this......Please think about corrupted politicians we have..they are already looting everything we are making...I am expecting political crisis somewhere between 2020 and 2030..there may be instability situation that can last 10-15 years..Please don't compare with China and US..India will go down only...

    April 3, 2012 at 7:27 am |
  87. Mohan

    This report is absolute rubbish. Although India has a large population like China, India will not be able to sustain a high economic growth like China for even a few years let alone for decades like China did. You can't compare India with China. They are not even in the same league. India can't even host a regional sporting event. Contrast that with the Beijing Olympics, the best Olympics ever in terms of venues, facilities, grandeur etc. China competes with America in medals tally at the Olympics, India does not even win ONE gold medal at the Olympics. Only countries that are economically strong have better chances of medals at international sports. China exports more in a month than what India exports in a year. China is already the largest trading country in the world. China is already the largest market in the world for a number of cosumer products. India on the other hand is one of the most corrupt nations on the planet only eclipsed by some african countries and infact has more poor people than the whole of the continent of Africa. Indian beuracracy is a nightmare unless you are prepared to bribe officials. There is naxalite/maoists uprising in a number of Indian states that's crippling the businesses in those states. India has global aspirations and likes to think that it is a global power (hence spends billions on arms purchases and space programmes) but India I think need to focus on lifting its masses of poor people out of poverty first, and then people around the world will start admiring India.

    April 5, 2012 at 1:28 pm |
  88. Robert

    PPP is a meaningless figure outside the respective country. The only way to compare GDP between different countries is by global market value. If the authors of this report would recalculate using the market value method, I suspect they would come to a very different conclusion.

    April 20, 2012 at 3:27 pm |
  89. Raj

    India being the largest economy by 2050 is a great news and will surely bring a smile on people's face. But what we need to see is the GDP PER CAPITA (PPP) as compared to the overall GDP. An increase in PPP is more important,which is very less in India.
    INR being weaker as compared to other great economies, makes export cheaper...so in a way it's good.
    But the INR needs to get stronger in the long run,if India really wants to be among the top 10 economies.
    India is a very open and fexible economy,always welcoming changes and always eager to learn new things. This will definitely help us in the long run.... Thumps up!

    April 27, 2012 at 4:26 pm |
  90. aby

    in 2001 was paying wages r100/8hrs for labour work. now i pay 350/8hrs and they spend 100 everyday with 250 savings. they are skilled now. we cant wait till 2050. by 2020 india will take over the world as mother wants peace on earth. and for that we will bring more changes in us tsunamically to change the world.

    May 19, 2012 at 5:46 pm |
  91. aby

    and then everyone will grow:-) no poverty no injustice no control making world better place for life:-)

    May 19, 2012 at 6:31 pm |
  92. DAN

    This is not an outrageous report. It is reasonable and I think it would not be completely wrong to assume that India could be a leading economy in 2050. The GDP is at a steady rise. China is already at trading terms with USA and Canada and many other countries. India is also going for Free Trade w/ USA and Canada. This would essentially provide resources for India to benefit from their resources.

    July 11, 2012 at 7:14 pm |
  93. sunny

    don't forget something people people wants to do business in an open economy and indian is oldest and largest
    democracy in the world when you are democratic than only you can invite people to trade nobody likes nazi style.
    infrastructure,trade, fdi every thing will follow itself towards india. It is democracy that matter.
    one problem that i can see is the inequality of income but that will solved in time.

    August 22, 2012 at 2:03 pm |
  94. Danny

    I disagree. India has a lots of internal problems that is not covered by the media. I don't think India will even remain one country in 2050, let alone the biggest economy. Most of the country will be ruled by islamic extremists aka Muslim League or Taliban likes. Sharia will govern most of the parts by then.

    September 3, 2012 at 11:48 pm |
  95. Danny

    I disagree. India has a lots of internal problems that is not covered by the media. I don't think India will even remain one country in 2050, let alone the biggest economy. Most of the country will be ruled by islamic extremists aka Muslim League or Taliban likes. Sharia will govern most of the parts by then.Foreign investments would gave dissappeared by then.

    September 5, 2012 at 2:55 am |
  96. MAN

    People have already become afraid, what will happen in 2050...and who knows 2050 is too far, perhaps few of us would die before 2020 comes, so OM SHANTI SHANTI SHANTI OM

    October 1, 2012 at 10:07 pm |
  97. sam

    india overtake china in economy growth in 2008,
    india overtake china in economy growth in 2009,
    india overtake china in economy growth in 2010,
    india overtake china in economy growth in 2011,
    india overtake china in economy growth in 2012
    it is too hard o predict in near term, now change game, let bid 2050 for safe. can y will remember my story in 2050?

    November 10, 2012 at 3:48 pm |
  98. Ethan

    India is a rising super power of the world.By 2050 Indians will conquer most parts of the world.........

    November 19, 2012 at 4:58 pm |
  99. manish saw

    if u think that india is a having most no. of poor people in the world....... then u must not forget that china too once was a poor country untill economic reforms in 1980 ........ & then china started recovery from poverty .... &china got lot of success in that...... & similarly india started in 1991 with economic reforms ...... so we too r fighting against poverty in the same manner that china did...... so it will take time.......as it ia a gradual process.......
    & if u think that its a fake prediction then don't forget that it is made by citibank........ they always make prediction on some ground basis.....

    December 9, 2012 at 2:17 pm |
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    December 27, 2012 at 12:12 am |
  101. rex

    The authors of this report do not seem to have the faintest idea of realities on the ground in Asia. There is a not a snowball's chance in hell of India catching up with China. Ever. They are not in the same league. It is like comparing the US with Mexico. One runs bullet trains all over the country, the other doesn't have a rail link to its main airport. One shoots satellites down, the other cannot even keep the power on all day. One is almost a middle income country, where waitresses have tablet computers, the other leads the world in open defecation–ie the number of people without access to a toilet. One has a broad and powerful manufacturing base from semiconductors to ships, the other has a call center industry. Frankly, it is insulting to bracket China with India. How can these so-called experts really be so utterly clueless?

    January 2, 2013 at 1:54 pm |
  102. Bharat

    India has always been the number 1 and largest economy until British went into India in 17th century.

    According to a research sponsored by OECD countries, done by Angus Maddison (a British economist and scholar)

    published in his book " The World Economy – a millennial perspective and historical statistics"

    India was the richest country and largest economy with a GDP percentage of 25 to 30 % from 1AD to 1700 AD (for 17 centuries), until the British colonized India in 1700 AD

    March 23, 2013 at 1:38 pm |
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  105. alla

    i think that india will die by 2050 out of it's poppulation and politician.it is such an incredible country where hindus and muslim fights every second. middle class upper class people in hindus r controlling population but but poor people r having 7-8 children and say nothing about the muslims . they will have 10-20 childrens and will claim we r minority and backwrd people

    January 18, 2014 at 2:55 pm |

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