The Future Belongs to Chindia
It's not just mobile phones:Productivity growth will help India sustain over 8% growth until 2020 and become the second largest economy in the world, ahead of the US, by 2050, Goldman Sachs has said, scaling up estimates of the country's prospects in its October 2003 research paper widely known as the BRICs report.
The original report had projected that India's GDP would outstrip Japan's by 2032 and that in 30 years, it would be the world's third largest economy after China and the US. The new report goes one step further by moving India up from No. 3 and No. 2 in the global sweepstakes of tomorrow.
Ni hao - namaste: I, for one, salute our Chindian overlords. (Via Technocrat.)
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2 comments:
First of all, I'd like to congratulate Mr. Glyn Moody for his short, yet laconic piece.
You said it my dear friend, the economies of India and China are on a roll, and is snowballing into a major economic powerhouse. The economic entity CHINDIA has now established itself as a force to reckon with. The Sino-Indian bilateral trade has grown leaps and bounds, and there's only one way to go : FORWARD
For more substantial backing of the above stated points, visit my blog :
CHINDIA : The Economic Juggernaut
Have a nice day!
Good luck with the blog.
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