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4/13/10

India can surpass US economy in three decades: Economist

India can emerge as the world's second largest economy in the year 2039, bigger than the US, if its GDP continues to grow at the rate of 8-9%, says a senior economist.

Former senior advisor and a director at the World Bank, Harinder Kohli, said India's average per capita income would jump 22 times from $940 two years to $22,000 in 30 years from now, in that scenario. "India's footprint in global economy will go to more than 17% in 2039 from less than 2% in 2007".

For more: India can surpass US economy in three decades: Economist - The Times of India

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