A new report titled “The World in 2050” projects that India will be largest economy in the world after China. India’s rapid population growth partly accounts for the forecasted jump over the U.S., but what plays an even greater role is the drastic improvement in terms of per-person productivity due to capital investments and better technology. Although there is still a long way to go before living standards rise to that of the U.S., India’s booming economy gives reason to be optimistic.
India set to become world’s second largest economy by 2050, report predicts
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