123ArticleOnline Logo
Welcome to 123ArticleOnline.com!

ALL >> Investing---Finance >> View Article

The Woo Group Predicts India To Be The World´s Largest Economy By 2050

By Author: Woo Group
Total Articles: 24

Jul. 17, 2013 - HONG KONG -- According to Lead Emerging Markets Specialist and Head of Investment Analysis Dr. Lian Cheung at The Woo Group in Hong Kong, India will surpass China as largest economy in the world in the next forty years. During a recent interview Dr. Cheung said, “We all know that China is on track to overtake Western and European economies in the next decade, but their position on top will be short lived.

China´s unprecedented social engineering project, the “One Child Policy” will have drastic effects on the future of the country. India´s population will most likely grow larger than China´s in the course of the next decade.”

A report entitled “Global Trends 2030: Alternative Worlds” from the US National Intelligence Council stated there will be an inverse relationship between China and India. As China´s economy begins to slow, as we have seen this year with growth dropping below 8%, India will begin to experience a surge of economic power. The report also stated that the Chinese working population will peak in 2016 and decline from 994 million to 961 million in 2030.

India, however, is facing many problems similar to China. There are massive inequities between rural and urban regions and even within the society. Increasing restrictions on basic resources such as, food and water are also a problem in India.

Dr Cheung is also predicting that the middle-class will be the largest segment of the population and that the poverty rate will drop by two-thirds by 2050. There will be improved standards of health and education, and this will enable more than two-thirds of the world´s population to live in cities. This will be the first time in history that most of the world´s population will not be in poverty, making the middle class the most important socio-economic area. Demand will boom for consumer goods such as cars and televisions.

Total Views: 56Word Count: 314See All articles From Author

Investing / Finance Articles

1. Imputing The Services Of Individual Taxpayer Identification Number To Build Tax Solutions
Author: Robin Joe

2. Why A 5 Year Fixed Deposit Is The Ideal Choice For You?
Author: Mayur Sheitty

3. How Can Existing Home Loan Owners Reduce Their Current Interest Rate?
Author: Mayur Sheitty

4. Loans For People With Bad Credit – Speedy And Flexible Way For Borrowing
Author: Stephen King

5. Expand Your Business With A Sme Loan
Author: Mayur Sheitty

6. Self Employed Home Loan: Here Is What You Need To Do
Author: Mayur Sheitty

7. Same Day Cash Loans Bad Credit –best Way For Making Swift Funds
Author: Stephen King

8. Assets Audits Of The Asquith Group Asia, Tokyo Japan
Author: Ava Kraegen

9. Facts About Fixed And Variable Home Loans
Author: Kimberly Ash

10. Relation Between Different Commodities And Commodities Based Stock
Author: Mahendra Rajput

11. Investment Procedure Of The Asquith Group Asia, Tokyo Japan
Author: Ava Kraegen

12. Best Interest Rates At Home And Mortgage Loans
Author: Shreekant Rao

13. The Home Loan Transfer - An Effective Way To Reduce The Interest Burden
Author: Arwind Sharma

14. Scope Of Forex Market In India
Author: sharetipsinfo.info

15. Benefits Of Money 2 India Service For Nris
Author: Neha Sharma


Login To Account
Login Email:
Password:
Forgot Password?
New User?
Sign Up Newsletter
Email Address: