10 Future super power countries

[ito]

A future prediction of PPP?

In terms of PPP China is already the largest economy. But nobody says we are the largest economy, guess why?

Developed countries have a smaller gap between their nominal GDP and GDP based on PPP, while the difference is greater in developing countries. For a developed country nominal GDP is a better measure, while for a developing economy PPP is a better measure because it takes into account the purchasing power of the currency, and also PPP is more stable for developing economies as they don't fluctuate with exchange rates

 

[Chinese-Dragon]

Developed countries have a smaller gap between their nominal GDP and GDP based on PPP, while the difference is greater in developing countries. For a developed country nominal GDP is a better measure, while for a developing economy PPP is a better measure because it takes into account the purchasing power of the currency, and also PPP is more stable for developing economies as they don't fluctuate with exchange rates

So by your logic, China is currently the largest economy in the world?

 

[Chanakyaa]

India simply has no ability to move beyond middle-income. It has neither the organisation or discipline that is required.

Not in a million years dude.

India can only hope to become middle-income.

Brazil: No
China: Already
Russia: Already
EU: Politics is changing but it has a potential
Indonesia: No
Germany: No
France: Could be, if economies get better
Turkey: A long way to go
Iran: No
India: Could be, but difficult
Pakistan: Will take >15 years to become a major power and after that could be super power.

Brazil - Probably
China - Already happening
Russia - At the current rate, yes
EU - lol, the euroskeptic movements have already succeeded,
Indonesia - Possibly
Germany - The last time that happened it didn't end well
France - Probably
Turkey - Probably
Iran - Possibly,(though the nuclear argument in the video is outdated)
India - It could, maybe?

Dont Trust Indians BUT :

http://www.pwc.ru/en/press-releases/2015/economic_forecast_2050.html

For Serious Readers ONLY : https://www.siemens.com/industryjournal/pool/02-2012/11_study-pwc-world-in-2050-industryjournal-02-2012-en.pdf

 

[ito]

So by your logic, China is currently the largest economy in the world?

It depends on how you look. By PPP, China is the largest. By nominal, US is the largest

 

[Kyoto]

Why wait for million years? In another 35 years India is going to be the largest economy ....by citi bank

http://economictimes.indiatimes.com...rlds-largest-economy/articleshow/10699821.cms

At an average 7% growth rate for the next 35 years gives a doubling time of 10 years. Therefore by 2050 India will have a GDP of around $27 trillion, still far less than China ($45 trillion + at 5%) and probably the US ($36 trillion + at 2% growth) also even if it did grow at 7% for all those years.
India does have potential but between China and the US it can not be a superpower in the modern sense at all. Indonesia is surprisingly irrelevant and unknown despite being the 4th most populous nation although that could change if it branched out more.
Iran is too small (population wise) and sparsely populated probably to even dominate the Middle East.
Idek whats going on with Brazil tbh
Pakistan is underrated here and if it can fix its economy and politics it could become a major secondary power like the modern day UK or Japan.

 

[ito]

At an average 7% growth rate for the next 35 years gives a doubling time of 10 years. Therefore by 2050 India will have a GDP of around $27 trillion, still far less than China ($45 trillion + at 5%) and probably the US ($36 trillion + at 2% growth) also even if it did grow at 7% for all those years.
India does have potential but between China and the US it can not be a superpower in the modern sense at all. Indonesia is surprisingly irrelevant and unknown despite being the 4th most populous nation although that could change if it branched out more.
Iran is too small (population wise) and sparsely populated probably to even dominate the Middle East.
Idek whats going on with Brazil tbh
Pakistan is underrated here and if it can fix its economy and politics it could become a major secondary power like the modern day UK or Japan.

Nominal means real + inflation. So when nominal GDP is calculated it includes real + inflation. If an economy grows by 7% and has an inflation 5%. The nominal growth rate is 12%.