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Indian economy to overtake Europe by 2020!

WillSmith456 IF-Rockerz
WillSmith456
WillSmith456

Joined: 27 September 2006
Posts: 6459

Posted: 13 July 2009 at 11:38pm | IP Logged

Indian economy to overtake Europe by 2020Wink

Washington : Propelled by robust economic growth, India and China will rise as 'new major global players' this century and transform the geopolitical landscape, a US Intelligence report said in Washington.




Most forecasts indicate that by 2020 India's gross national product will overtake or be on the threshold of overtaking European economies, the report said.

Likening it in significance to the emergence of a united Germany in 19C and a powerful United States in the early 20C, the report prepared by CIA's National Intelligence Council, called 'Mapping the Global Future,' said it will have impacts potentially as dramatic as those in the previous two centuries." In the same way that commentators refer to the 1900s as the 'American Century,' the 21st century may be seen as the time when Asia, led by China and India, comes into its own. A combination of sustained high economic growth, expanding military capabilities and large populations will be at the root of the expected rapid rise in economic and political power for both countries.

With new global actors, the report said, "how we mentally map the world in 2020 will change radically." The 'arriviste' powers--China and India, and perhaps others such as Brazil and Indonesia--have the potential to render obsolete the old categories of East and West, North and South, aligned and nonaligned, developed and developing.

C89Tongue



Edited by centurions89 - 13 July 2009 at 11:40pm

The following 1 member(s) liked the above post:

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_Angie_ IF-Sizzlerz
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Joined: 21 February 2008
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Posted: 13 July 2009 at 11:59pm | IP Logged
...unless India & china weaken their economies by a war !

The following 1 member(s) liked the above post:

-Sneha

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