India: A New Rising Asian Dragon?
The Indian economy is the sixth largest in the world in market exchange rate terms and third measured in purchasing power parity. That makes the growth rate of over 7 per cent over the last year all the more remarkable. India is the fastest growing major economy in the world.
The US could lose its crown as the world’s biggest economy as soon as next year, according to data from Standard Chartered. Once it falls behind China, it is unlikely to ever regain the top spot, and by 2030 it could also be behind India. By 2030, the bank said, Asian gross domestic product will […]
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