हिंदी साहित्य: पेन ड्राइव कोर्स
This just in:

Indian Economy

India to Overtake US by 2030

  • 23 Jul 2018
  • 2 min read
  • 10 Asian economies including India will overtake the US in terms of GDP by 2030, according to a report by global financial services major DBS.
  • These economies are expected to see robust growth and will cross $28 trillion mark in real GDP terms on aggregate, more than that of the U.S., whose economy will amount to $22.33 trillion by 2030.
  • The Asia-10 include China, Hong Kong, India, Indonesia, Malaysia, the Philippines, Singapore, South Korea, Taiwan and Thailand.
  • However, this is neither a sufficient nor a necessary condition to invest in Asia, as investing cannot be based on a single indicator, especially when it comes to a long-term horizon.

The report has highlighted three major concerns:

  • Trade war:
    • The rise of protectionism may reduce investment flow in the region as Asia is one off the most externally exposed regions.
  • Demographic dividend:
    • The report also said that the Asian countries may have benefited in the past from the demographic dividend, but it’s not such valuable now.
  • Employment:
    • A young population creates a “challenge” in terms of generating jobs, in absence of which there will be high levels of unemployment, creating both an economic and social/political challenge.
    • Apart from above three, these economies also face some common issues like climate change, rising inequality, worsening environment for trade, and technological disruption.
    SMS Alerts
     

    Please login or register to view note list

    close

    Please login or register to list article as bookmarked

    close
     

    Please login or register to make your note

    close

    Please login or register to list article as progressed

    close

    Please login or register to list article as bookmarked

    close