India to surpass US economy by mid-21st century: Vietnam expert

[Viet]

SME Times News Bureau | 13 Aug, 2014

India was the "honour" of the BRICS group of nations and its economy will exceed that of the US by the middle of this century, a Vietnamese expert said New Delhi Tuesday.

"India is the honour of BRICS (Brazil, Russia, India, China and South Africa) countries and one of the growth engines of global economy. India is expected to bring change in strategic balance of power in the near future," said Nguyen Xuan Thang, president of the Vietnam Academy of Social Sciences.

Though India's GDP was not the biggest among the BRICS countries, by the middle of this century, the Indian economy will exceed the US economy," Thang said at a talk "New political situation and economic order in Asia" organised at the India Habitat Centre here.

He hoped that the new government will promote investment from India to Vietnam.

"India has important voice, position in international affairs. I believe cooperation between India and Vietnam will be effective and create a bright spot in the future," he said.

The talk was organised by the ASEAN Secretariat in cooperation with the external affairs ministry and RIS (Research and Information System for Developing Countries).

Thang said the world today was not unipolar.

"After the end of the Cold War, the world seemed to be unipolar. But with the emergence of China, Russia, Brazil and South Africa, the world order is changing," he said.

"May be it is a G2 world," Thang added, alluding to the US and China as two power centres.

Stressing that China and the US were the two countries that lead the development of the world, Thang said "institutions" and a "stable environment" play key roles in bringing about economic development.

"Institutions play an important role in development. No country can develop by staying outside the world. Countries which don't have appropriate institutions have been excluded from the development chain," he said.

He said economy cannot develop smoothly in an unstable environment.

"Investors look at not just profit but stability of environment and market. If we don't ensure stability, we cannot win confidence of investors," Thang added.

- See more at: India to surpass US economy by mid-21st century: Vietnam expert


that is the way to go. You have the potential ot surpass the wannabe superpower China

 

[Mike_Brando]

If India still remains a country by 2050, that would have been an achievement.

India is like the Soviet Union glued together. When it starts to collapse, it will disintegrate very quickly.

Lee Kuan Yew said India is a union of 34 countries and he is exactly right.

As for India surpassing China?
Never ever going to happen.

No South Asian country will ever surpass any East Asian country.
East Asia has been superior to South Asia since the start of the human race.

Okay it seems that you want to earn some more 50 cents coin.Here's one for you,are you happy now

 

[WAR-rior]

Ignore this Beidou2020 guy. Seems he was abused by some Indian for his uncalled hatred towards us. "D

 

[Mike_Brando]

Ignore this Beidou2020 guy. Seems he was abused by some Indian for his uncalled hatred towards us. "D

Nah man he is hell bound to earn his shares of 50 cents.So let's not discourage him,h is only doing this to earn his livelihood

 

[Jlaw]

SME Times News Bureau | 13 Aug, 2014

India was the "honour" of the BRICS group of nations and its economy will exceed that of the US by the middle of this century, a Vietnamese expert said New Delhi Tuesday.

"India is the honour of BRICS (Brazil, Russia, India, China and South Africa) countries and one of the growth engines of global economy. India is expected to bring change in strategic balance of power in the near future," said Nguyen Xuan Thang, president of the Vietnam Academy of Social Sciences.

Though India's GDP was not the biggest among the BRICS countries, by the middle of this century, the Indian economy will exceed the US economy," Thang said at a talk "New political situation and economic order in Asia" organised at the India Habitat Centre here.

He hoped that the new government will promote investment from India to Vietnam.

"India has important voice, position in international affairs. I believe cooperation between India and Vietnam will be effective and create a bright spot in the future," he said.

The talk was organised by the ASEAN Secretariat in cooperation with the external affairs ministry and RIS (Research and Information System for Developing Countries).

Thang said the world today was not unipolar.

"After the end of the Cold War, the world seemed to be unipolar. But with the emergence of China, Russia, Brazil and South Africa, the world order is changing," he said.

"May be it is a G2 world," Thang added, alluding to the US and China as two power centres.

Stressing that China and the US were the two countries that lead the development of the world, Thang said "institutions" and a "stable environment" play key roles in bringing about economic development.

"Institutions play an important role in development. No country can develop by staying outside the world. Countries which don't have appropriate institutions have been excluded from the development chain," he said.

He said economy cannot develop smoothly in an unstable environment.

"Investors look at not just profit but stability of environment and market. If we don't ensure stability, we cannot win confidence of investors," Thang added.

- See more at: India to surpass US economy by mid-21st century: Vietnam expert


that is the way to go. You have the potential ot surpass the wannabe superpower China

So the shameful Vietnamese is not only begging for US master but also a PR person for India? Shameful people. To all Indians member, is this the people your country really want to support?

 

[jarves]

This Bediou guy is one funny character.His posts gives a hint that he is begging for attention.In one of the the threads he said that he is not Chinese but a white American

 

[Pulsar]

If India still remains a country by 2050, that would have been an achievement.

India is like the Soviet Union glued together. When it starts to collapse, it will disintegrate very quickly.

Lee Kuan Yew said India is a union of 34 countries and he is exactly right.

As for India surpassing China?
Never ever going to happen.

No South Asian country will ever surpass any East Asian country.
East Asia has been superior to South Asia since the beginning of humanity.

Your head seems to be puffed up with a lot of stale hot air.

This nonsensical idiocy made you look like a bonehead with half a brain cell. You need to grow up and start talking sense. But that I guess would be a miracle.

 

[Maira La]

Your head seems to be puffed up with a lot of stale hot air.

This nonsensical idiocy made you look like a bonehead with half a brain cell. You need to grow up and start talking sense. But that I guess would be a miracle.

When Indians cannot argue with logic and reason, they start name calling (almost in all threads critical of India and its people). The Chinese troll Beidou seems far more mature and intelligent than most Indian posters in this thread.

 

[Badbadman]

So the shameful Vietnamese is not only begging for US master but also a PR person for India? Shameful people. To all Indians member, is this the people your country really want to support?

yes

When Indians cannot argue with logic and reason, they start name calling (almost in all threads critical of India and its people). The Chinese troll Beidou seems far more mature and intelligent than most Indian posters in this thread.

just tell me man who spoke the word LUNGI here, wont tolerate that kind of shit here. peace.

 

[Pulsar]

When Indians cannot argue with logic and reason, they start name calling (almost in all threads critical of India and its people). The Chinese troll Beidou seems far more mature and intelligent than most Indian posters in this thread.

Thank you for your great analysis! But I cannot argue with reason and logic on something which is nothing but crap. Have you even read this Chinese troll's posts? Just because he's learnt a few phrases in English, he thinks he's become Henry the sixth. But all he's learnt is stuff about toilets and shit!

 

[DARIUS]

This Bediou guy is one funny character.His posts gives a hint that he is begging for attention.In one of the the threads he said that he is not Chinese but a white American

I am pretty sure from most of his posts that he is a jealous Pakistani falseflagger with chronic assburn disorder!!

 

[+4vsgorillas-Apebane]

India will definitely surpass the U.S in half a century but China is a different animal altogether.

 

[ShahidT]

No South Asian country will ever surpass any East Asian country.
East Asia has been superior to South Asia since the beginning of humanity.

watch your mouth dumbass. half of Pakistan and bangladesh are in south asia too, moron. i can start asking you to compare harappa or rigveda with east asian of the time, but i won't. because chinese dragon helped you expose yourself as a white man sitting in america, on some other thread.

you also need to get your history in order, when you keep praising your fellow white man for conquering muslim empires in south asia. you think you are insulting hindus, but they actually love it. they were eagerly waiting to suck british shlong to get rid of muslim rulers who considered subcontinent their homeland and provided security to life and property of hindus. muslims didn't extract all the mineral and agricultural resources systematically to half way across earth like the brits, who deindustrialized whatever progress had been made during muslim rule- taking the share of world gdp from 20% under mughals to 1% at independence. indians love and have inferiority complex to white skin, whereas you white people look down on brown and yellow alike. so you praising your anglo saxon kin for colonizing india is actually music to the hindus' ears, contrary to what you think.

 

[kaykay]

India will definitely surpass the U.S in half a century but China is a different animal altogether.

And there is no doubt about that.

 

[Donatello]

The amount of resources that the size of American economy requires is MASSIVE. China will get there first, and soon become the largest consumer of resources. By the time India narrows the gap, those resources won't be available anymore. So tell me, is India going to have continuous supply of resources for the next 40 years, when the sources for such would not longer exist?

Theoretically, it is possible, since you keep plotting the average growth rate of India and determine when the GDP PPP/Nominal will exceed that of USA. As time goes on, India's growth rate will slip below the 5-8% that it can do now. As such, it will become increasingly difficult to continue to grow at such a fast pace. This is how modern economics works. Resources will be the limiting factor.

Currently, at 15 trillion USD GDP, USA is the biggest, even if we took India's PPP value of 5 Trillion, USA is 3 times bigger. For India to reach where USA is today (i.e 15 Trillion USD GDP), India will need to increase resource consumption by 3 times or more. And in the same time period China will be doing the same. So tell me, where is all that Oil/Coal/Gas, Minerals/Metals/Forests/Fisheries etc gonna come from?