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Bookmark or Share- India could become the world’s 3rd largest economy in the next 5 years ...Amidst a challenging global scenario, India has emerged as a significant economic and geopolitical power. 2023 was a landmark year for India as it assumed the presidency of the G20, marked by some notable achievements. India is poised to play a defining role in shaping the future of the global economy in 2024 and beyond.
- Can India join China as an economic superpower?Both countries have been making great progress in recent years in the availability of venture capital. For example, both China and India have doubled their share in global venture capital in recent years: China jumped from an average of 9% before 2014, to 18% in 2014; India progressed from 3% to 6% in the same period of time.
- BRICS: Here’s what to know about the international blocThe BRICS economies also account for an estimated 37.3% of global gross domestic product based on purchasing power parity. China alone represents 19.05% while India accounts for 8.23%, according to the International Monetary Fund. Meanwhile, the United States and the European Union account for roughly 14.5% each.
- These will be the world's most populous countries by 2030India is set to be the world's most heavily populated country by 2030. More than a third of humanity will live in India or China by 2030. The world's population is expected to reach 8.5 billion by 2030 and more than 10 billion by the end of the century.
- Connecting the dots behind current and future Asian growthIn the past, the Asian growth story was dominated by the Asian Tiger economies of Japan, South Korea, Singapore and, at the turn of the century, China. Today, India, Vietnam and Indonesia are also emerging as important players in the regional economy and global value chains.
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