1. United States (1) 11,668
2. Japan (2) 4,623
3. Germany (3) 2,714
4. United Kingdom (4) 2,141
5. France (5) 2,003
6. Italy (6) 1,672
7. China (7) 1,649
8. Spain (9) 991
9. Canada (8) 980
10. India (12) 692
11. South Korea (11) 680
12. Mexico (10) 676
13. Australia (13) 631
14. Brazil (15) 605
15. Russia (16) 582
16. Netherlands (14) 577
17. Switzerland (17) 359
18. Belgium (18) 350
19. Sweden (19) 346
20. Turkey (21) 302
The key for the above list is:
Current rank / Country / Former rank / GDP 2004
Go India!
IMHO, its going to be America in the first half of the 21st century and then India in the second half that's gonna keep this century anglospehere-dominated. Of course, the US would still be numero uno but coupled with India, the duo would be unchallengeble.
Let India be the Britain of the 21st century. But India will have to prove herself first on the world stage.
I read a story that said India will overtake China economically by 2010.
What's your opinion on that?
To me it makes sense that a country where citizens enjoy private property and free enterprise will always economically outperform socialist/communist countries.
Do the citizens of India enjoy liberal property rights?
Ping!
The heathen Chicoms should read this report before they pick a fight with us. Even with their economic revival, we have an economy that is seven time theirs and a big economy is the ultimate weapon other have discovered to their grief.
In terms of purchasing power parity , India is already the 3rd biggest economy in the world , behind US and China.
India's PPP GDP is $3.65 trillion.
This is really good news. The only word of caution I would put in these are forecasts based on the current rate of growth. There is many a slip between the cup and the lip.
I would however like to see Indian prospertiy spread from cities to villages at a faster rate