Business
$2 Trillion Economy
The Indian economy is expected to grow to $6 trillion by 2020.
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| The Indian economy will grow to $2 trillion in 2011-12, making it the eighth largest in the world, behind only the US, Japan, Germany, China, UK, France and Italy.
“In many ways the renewed dominance by 2050 of China and India, with their much larger populations, is a return to the historical norm prior to the Industrial Revolution of the late 18th and 19th centuries that caused a shift in global economic power from Asia to Western Europe and the US — this temporary shift in power is now going into reverse, ” according to John Hawksworth, chief economist, PricewaterhouseCooper. The Indian economy is expected to grow to $6 trillion by 2020.
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