India’s GDP on PPP basis can rise seven-fold by 2050: PwC
fe Bureau: New Delhi, Jan 17 2013, 02:42 IST
India’s GDP in terms of purchasing power parity (PPP) will likely rise more than seven-fold to $34.7 trillion by 2050 from the 2011 level, closely trailing the US, according to a study by PricewaterhouseCoopers (PwC) released on Wednesday.
China, however, would lead the pack of economies, with its expected GDP touching $53.85 trillion by 2050, while Brazil could pip Japan as the world's fourth-largest economy, said the study by PwC chief economist John Hawksworth.
“And by the same time, Russia, Mexico and Indonesia could be bigger than Germany or the UK; Turkey could overtake Italy; and Nigeria could rise up the league table, as could Vietnam and South Africa in the longer term,” said the study titled 'World in 2050 The BRICs and Beyond: Prospects, challenges and opportunities'.
In general, the GDP at the purchasing power parity is a gauge for average living standards or volumes of output or inputs.
Previous Story Shares retreat as economic growth concerns revive Next Story AMR, parent of American Air, posts profit after year-ago loss
Reader's Comments| Post a Comment
Be the first to comment.
