Saturday, February 26, 2011

CITI Financial Services Group on Why India will be world's No.1 economy by 2050

feb 26th, 2011 CE

these citi boys are smoking something powerful!

there is no way india can grow this far and this fast, considering the number of "Mr. 50%s and Ms. 50%s" lined up with their snouts in the trough.

---------- Forwarded message ----------
From: Ram Narayanan


Dear Rajeev Srinivasan:

According to a CITI Financial Services Group report summarized in REDIFF and reproduced below, China should overtake the US to become the largest economy in the world by 2020, then be overtaken by India by 2050.

Following will be the 10 largest economies in the world in 2050:

1. India: $85.97 trillion 

2. China: $80.02 trillion

3. United States: $39.07 trillion

4. Indonesia: $13.93 trillion

5. Brazil: $11.58 trillion

6. Nigeria: $9.51 trillion

7. Russia: $7.77 trillion

8. Mexico: $6.57 trillion

9. Japan: $6.48 trillion

10. Egypt: $6.02 trillion.

Thus, not a single European nation (other than Russia) will qualify to be among the first 10.

Any comments?

Cheers,

Ram Narayanan

http://www.rediff.com/business/slide-show/slide-show-1-budget-2011-why-india-will-be-the-number-1-economy-in-the-world-by-2050/20110224.htm  

REDIFF.COM 

Why India will be world’s No. 1 economy by 2050 

Last updated on: February 24, 2011 08:22 IST 

The 10 largest economies by 2050 (in trillion 2010 PPP dollars) will be very different from what they are now. Read on to find out which are these nations and why India will be the largest economy. . .

In view of its continuing robust growth, India is expected to be the world’s largest economy by 2050, surpassing China and the United States, a Citi report said.

"China should overtake the US to become the largest economy in the world by 2020, then be overtaken by India by 2050," financial services group Citi said the report.

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7 comments:

Nandakumaran said...

There won't be one India in 2050, leave alone that one India being number 1.

Julian said...

2050 is a long way away.

Meanwhile if Christian and Muslim vultures succeed in their ambitions India will cease to exist by then.

Look how rapidly Andhra and TN are being Xtianized and the North East being Islamized.

Yet foolish Hindus are talking about 2050!

That aside 2050 is a long way away and there is no guarantee that India will continue to grow at that pace with Keynesian brown sahibs like MMS incharge.

Thailand at one point was the fastest growing economy in the world from 1985 until the 1997 crisis (averaged 9% growth during that time) and then it sank back into sluggish growth.

Sujeev said...

India can still reach that GDP level, maybe ;-). If the economy slows down, just appropriate temple silver to make up the difference!

http://www.deccanchronicle.com/national/522-silver-bricks-found-math-169

san said...

The Ponzi schemers from the ruling party will of course always be touting India as the "nation of tomorrow" - just like fusion energy, there'll be success in another 30 years.

M. Patil said...

This is just to keep gullible masses from noting the inflation and the urban squalor. Like opium, I guess.

Indian Nationalist said...

The soda from the bottle keeps overflowing until it gushes all out.

get the picture.

sansk said...

I am ashamed that our sense of self-worth is so low that we need approval reports from the likes of CITI which are already bankrupt and are only in business thanks to stupidity of Arabs and powerlessness of American taxpayers.

CITI should have been allowed to go bankrupt....
were it operating in a true free market, not in a crony, banksters led crupto fascists economy where it is suspected of having shares in the money printing racket called Federal Reserve.