Thursday , January 27 2022

Which will be the world's largest economy in 2030 (and the Latin American country is on the list)



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One of the surprises of the study is that India will surpass the US.

The economy of India in 2030 will surpass the United States economy. This is one of the surprises of the recent publication of Standard Chartered, an international bank based in the UK.

If this forecast is met, India will become the second global economy – after China – while the US. it would be in third place.

Seven of the ten largest economies in the world, according to the study, will have markets that are currently in the new category, and Indonesia rises to fifth place.

Braziltake sixth place, with an estimated GDP of $ 8.6 billion.

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The calculation was made on the basis of nominal gross domestic product (GDP), which includes national inflation and the purchasing power of the population.

  • 46.3 India

  • 31 United States of America

  • 10 Indonesia

  • 9.1 Turkey

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The report has a special place in China, given that the world's leading economy will grow in 2020, much earlier than other economic forecasts.

"Our long-term growth projections are based on the guiding principle: global GDP must ultimately be aligned with population"The report says.

Indian surprise leap

Last year, Asia's share of global economic growth rose to 28%, and "is likely to reach 35% by 2030," the publication adds.

In this context, India appears as one of the stars.

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The Indian economy will grow to 7.8% by 2020.

The study believes that it is likely to be the country with the highest rating, and the growth trend for 2020 will be 7.8%.

Among the reasons, economists stress that India is the country with the highest number of young people in the world, while other countries are severely affected by the aging of its population.

So much that half of the population is under 25 years old.

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On the other hand, the state is implementing reforms that can give more impetus to growth, such as the introduction of tax services and public assets and the bankruptcy code.

Despite the benefits, the study says the country needs higher infrastructure costs and a growing economic inequality.

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