India to become fifth largest economy in 2018

[MultaniGuy]

BUSINESS & ECONOMY
India to become fifth largest economy in 2018

AFP | Published — Tuesday 26 December 2017

Slowdown-hit Indian economy counts costs of stronger rupee

• 
  India likely to keep rates steady at October meeting – poll

• 
  India’s economic growth slows to 5.7% in the first quarter

NEW DELHI: India is set to overtake the United Kingdom and France to become the world’s fifth largest economy next year, a report said Tuesday.
Currently ranked seventh, India will move up to fifth place in 2018 and vault to third spot by 2032, the Center for Economics and Business Research, a London-based consultancy, said in its annual rankings.
The Indian economy hit a three-year low in the first quarter of the current financial year, after Prime Minister Narendra Modi’s snap decision in November 2016 to scrap high-value banknotes and following a tax overhaul.
Growth slumped to 5.7 percent for the three months ending June but recovered slightly to 6.3 percent for the quarter ending September.
“Despite temporary setbacks... India’s economy has still caught up with that of France and the UK and in 2018 will have overtaken them both to become the world’s fifth largest economy in dollar terms,” said CEBR deputy chairman Douglas McWilliams.
Cheap energy and a digital revolution will drive economic growth globally, the report said. The world’s growth will be dominated by Asian economies, including India, China and Japan.
The United States, the world’s largest economy, will be overtaken by China in 2030, the report forecast, adding India would take that spot “at some time in the second half of this century.”
http://www.arabnews.com/node/1214711/business-economy

 

[MultaniGuy]

Well if you have 1.2 billion to feed, you are bound to become a large economy I suppose.

 

[Corona]

@waz @The Eagle Please change the title of thread to reflect the article OP has posted.

 

[Sharpshooter12]

Well if you have 1.2 billion to feed, you are bound to become a large economy I suppose.

Sir the hatred of your enemy should not make you blind of its achievements. Even with 1.2 billion to feed, their per capita GDP is higher than ours, $1,852 and $1,629 respectively. And while percentage of hungry people in India was much higher to those in Pakistan till 90's, now there are slightly more hungry people in our country than in India. So we should focus on getting our house in order.

 

[MultaniGuy]

Sir the hatred of your enemy should not make you blind of its achievements. Even with 1.2 billion to feed, their per capita GDP is higher than ours, $1,852 and $1,629 respectively. And while percentage of hungry people in India was much higher to those in Pakistan till 90's, now there are slightly more hungry people in our country than in India. So we should focus on getting our house in order.

True we need to fix our country.

Where you are right, you are right.

 

[Shajida Khan]

Sir the hatred of your enemy should not make you blind of its achievements. Even with 1.2 billion to feed, their per capita GDP is higher than ours, $1,852 and $1,629 respectively. And while percentage of hungry people in India was much higher to those in Pakistan till 90's, now there are slightly more hungry people in our country than in India. So we should focus on getting our house in order.

Ahem, not to mention till very recently you folks didn't even know how many mouths you have to feed. It was estimated at 190 million or so but came out to be more like 210 million.This makes Pakistan's per capita indicators recede by about 2-3 years minimum. Currenly estimated Pakistani GDP per capita based on new population estimates of 210 millions will be more like 1455 USD per capita. 305 billion / 210 million = 1452 per capita.

 

[protest]

Ahem, not to mention till very recently you folks didn't even know how many mouths you have to feed. It was estimated at 190 million or so but came out to be more like 210 million.This makes Pakistan's per capita indicators recede by about 2-3 years minimum. Currenly estimated Pakistani GDP per capita based on new population estimates of 210 millions will be more like 1455 USD per capita. 305 billion / 210 million = 1452 per capita.

And their rupee depreciated by 5% and Indian rupee grew by 7%. So i'd put their per capita at $1500 and India's over $2100 in 2018.

 

[Sharpshooter12]

Ahem, not to mention till very recently you folks didn't even know how many mouths you have to feed. It was estimated at 190 million or so but came out to be more like 210 million.This makes Pakistan's per capita indicators recede by about 2-3 years minimum. Currenly estimated Pakistani GDP per capita based on new population estimates of 210 millions will be more like 1455 USD per capita. 305 billion / 210 million = 1452 per capita.

Does that calculation makes you happy now. I for one refrain from indulging in such competitions. There are no defined rules for it so the results are always contested. I mean one can always argue about where its actual base is and from where you should start measuring it. So d**k measurement is not my thing.

This was a news about Indian economy so let's keep it that way.

 

[third eye]

BUSINESS & ECONOMY
India to become fifth largest economy in 2018

AFP | Published — Tuesday 26 December 2017

Slowdown-hit Indian economy counts costs of stronger rupee

• 
  India likely to keep rates steady at October meeting – poll

• 
  India’s economic growth slows to 5.7% in the first quarter

NEW DELHI: India is set to overtake the United Kingdom and France to become the world’s fifth largest economy next year, a report said Tuesday.
Currently ranked seventh, India will move up to fifth place in 2018 and vault to third spot by 2032, the Center for Economics and Business Research, a London-based consultancy, said in its annual rankings.
The Indian economy hit a three-year low in the first quarter of the current financial year, after Prime Minister Narendra Modi’s snap decision in November 2016 to scrap high-value banknotes and following a tax overhaul.
Growth slumped to 5.7 percent for the three months ending June but recovered slightly to 6.3 percent for the quarter ending September.
“Despite temporary setbacks... India’s economy has still caught up with that of France and the UK and in 2018 will have overtaken them both to become the world’s fifth largest economy in dollar terms,” said CEBR deputy chairman Douglas McWilliams.
Cheap energy and a digital revolution will drive economic growth globally, the report said. The world’s growth will be dominated by Asian economies, including India, China and Japan.
The United States, the world’s largest economy, will be overtaken by China in 2030, the report forecast, adding India would take that spot “at some time in the second half of this century.”
http://www.arabnews.com/node/1214711/business-economy

Why have you doctored the title ?

 

[The BrOkEn HeArT]

Why have you doctored the title ?

Hate. What else?
They consider the whole India stays at bank of river Ganga just because their insecurity about our old heritage Indus valley became part of their "religion based" partition land.

@mods must change the title, bcz many south Indians , West Indians, east Indians can be offended by the title.

 

[Corona]

Why have you doctored the title ?

Gotta lure in all the trolls.......

 

[Baby Leone]

lol

 

[The BrOkEn HeArT]

Well if you have 1.2 billion to feed, you are bound to become a large economy I suppose.

Yes, we are on the way to become a very large economy in near future as article stats.

 

[Shankranthi]

And their rupee devaluated by 5% and Indian rupee grew by 7%. So i'd put their per capita at $1500 and India's over $2100 in 2018.

Last I heard, 1 USD was equal to 111 pakistani rupee.

While 1 USD = 64 Indian Rupee.

 

[pothead]

@waz @The Eagle Please change the title of thread to reflect the article OP has posted.

Let the title stay as it is.
These clowns are insulting their own prophet by insulting our religion.

if they are hell bent on insulting their prophet, who are we to stop them?