Dismiss Notice
Welcome to IDF- Indian Defence Forum , register for free to join this friendly community of defence enthusiastic from around the world. Make your opinion heard and appreciated.

Economy of India (1,252m population) to overtake UK (64m population) by 2019

Discussion in 'The Americas' started by HMS Astute, Dec 28, 2014.

Thread Status:
Not open for further replies.
  1. HMS Astute

    HMS Astute BANNED BANNED

    Joined:
    Aug 20, 2014
    Messages:
    1,927
    Likes Received:
    399
    Country Flag:
    Falkland Islands (malvinas)
  2. Anees

    Anees Lt. Colonel ELITE MEMBER

    Joined:
    Jan 14, 2012
    Messages:
    5,694
    Likes Received:
    3,268
    Country Flag:
    United States
    December 26, 2014
    World Economic League Table 2015 Highlights


    • Revisions to China’s GDP mean that it is now forecast to overtake the US in 2025 compared to 2028 in last year’s forecasts
    • The UK appears to have overtaken France this year to become the world’s 5th largest economy (but as the 2014 GDP figures are $2,828bn for the UK and $2,827bn for France, the gap is well within the margin of error)
    • The rise of India looks unstoppable. India overtakes the UK in 2018 to become the largest economy in the Commonwealth and the rise continues – by 2024 India is the world’s third largest economy
    • Korea is becoming an economic powerhouse (Gangnam Style?) as its growth continues – its league table position moves from 15th in 2013 to a solid 8th, just behind Germany in 2030
    • Russia’s economic woes, a likely weak rouble and a low price of oil mean that it drops back from 8th position in 2013 to 10th in 2014 and stays around that position to 2030
    • Germany slides back, held back by a declining population and the likely weakness of the euro. In 2030 Germany, which for many years was the world’s third largest economy, is overtaken by the UK for the first time for since 1954 (and of course Germany then was only West Germany) to drop to 7th place in the league.
    The latest edition of Cebr Global’s World Economic League Table (WELT) for 2015 reveals some interesting moves as the world’s richest powers jockey for position. Cebr Global is the international economics consultancy arm of Cebr, the economics consultancy.

    The World Economic League Table tracks the size of different economies across the globe and projects changes over the next 10 years. We call the score on the current year and forecast future changes to 2030.

    This year the main revisions reflect data changes – the Chinese have revised their GDP figures to measure their service sector more accurately and added an amount as large as the whole Malaysian economy. This and some other revisions mean that China now overtakes the US to become the world’s largest economy in 2025 rather than 2028 as we thought a year ago.

    We also revise the oil price assumption – though not by much since last year we had already revised down our medium term forecast for the price of oil to $85. Because of greater energy efficiency and improved supply this has been revised down slightly further to $75.

    And of course currencies always behave with a mind of their own which means that whatever we predict, something else will happen. Three years ago we expected a medium term value for the rouble around 36 to the dollar. Now we expect 50, with the currency having dropped to 80 last week!

    The key results for 2014 are shown in Table 1.

    The UK overtakes France (just) having revised our GDP figures to include earnings from drugs and prostitution. The French figures do not include these industries (which may well be larger than their British counterparts!).

    Russia’s well known economic woes show it dropping to tenth place. The collapse in the Turkish Lira brings it down from 17th to 19th place. Korea moves up a place as do Italy (surprisingly but only because the Russian economy is in even worse trouble than the Italian economy!) India, the Netherlands, Belgium (who swap places with Norway) and Austria. Argentina drops 3 places as its economy collapses.

    The changes to 2024 are shown in Table 2.

    The fast moving emerging economies start to claim the top places – China is still second but moving into the overtaking lane to become the world’s No 1 economy. India moves into a strong 4th place. Brazil moves into 6th position, splitting Germany and the UK (this report doesn’t only revise the view of the future – the past is also revised and it now appears that our highlight of Brazil overtaking the UK in 2011, which prompted the UK newspaper The Sun to append to its report on this on its page 2 a fetching picture of a young lady on the Copacabana wearing a matching outfit to that of the lady on the opposite page, did not actually happen!).

    As globalisation reaches its mature phase in 2030, the world’s league settles down to a new ordering, with China in first place and India in third. This is shown in Table 3.

    This table also shows the UK overtaking Germany for the first time since 1954 (although if Scotland breaks away, we calculate that this particular ‘Il sorpasso’ will not happen until 2037). Of course, if Germany left the euro, its currency strength would mean that the UK, even if Scotland were not to leave, would be unlikely to overtake Germany until around 2050 by when the pressure of the UK’s superior demographics would prove irresistible.

    Comments Cebr Chief Executive Douglas McWilliams: ‘The fun of the world economic league table is that it brings things back to hard figures. Countries like Russia and Argentina, who have invaded neighbouring countries and whose leaders spout aggressively nationalistic rhetoric are brought down to earth by their falls in the league table as their economies collapse.

    ‘The World Economic League table also shows the dramatic changes now taking place in the world’s economic geography with slow growing European economies falling back and Asian economies, even though their growth is slowing, catching up.

    ‘The only European economy that rises consistently in this league table is Sweden, where the economy was revitalised by the previous government. There may be lessons here for other European economies.’



    Notes to Editors
    Cebr Global’s World Economic League Table (WELT) is an annual calculation by Cebr Global, Cebr’s global economic consultancy. The base data for 2013 is taken from the IMF World Economic Outlook and the GDP forecast draws on Cebr’s Global Prospects model to forecast growth, inflation and exchange rates.



    Please refer to this in copy when quoting as The Cebr Global World Economic League Table or Cebr Global’s WELT.



    The Global Prospects Report is a quarterly report every three months. The report is part of the prospects service – Cebr’s macroeconomic advisory package for business.



    Cebr Global is a leading independent commercial economics consultancy based in London. The report has been co-authored by the Cebr staff whose details are below plus Osman Ismail who is unavailable on Boxing Day.



    For more information, please contact:
    Douglas McWilliams +44 7525 287112
    Charles Davis +44 7808 770372
    Danae Kyriakopolou +44 7812 540030
    Alasdair Cavalla +44 7845 361402



    [​IMG]
    [​IMG]

    [​IMG]


    It will be good if we can achieve it with full strength....
     
    HMS Astute and m2monty like this.
  3. HMS Astute

    HMS Astute BANNED BANNED

    Joined:
    Aug 20, 2014
    Messages:
    1,927
    Likes Received:
    399
    Country Flag:
    Falkland Islands (malvinas)
    Putin cries me a river. UK looking strong!!!
     
  4. somedude

    somedude Captain FULL MEMBER

    Joined:
    Sep 1, 2014
    Messages:
    1,499
    Likes Received:
    1,111
    Country Flag:
    Afghanistan
    Thanks to drugs and prostitution!
     
    MiG-23MLD likes this.
  5. HMS Astute

    HMS Astute BANNED BANNED

    Joined:
    Aug 20, 2014
    Messages:
    1,927
    Likes Received:
    399
    Country Flag:
    Falkland Islands (malvinas)
    Such a shame for Russia with ridiculous amount of resources and a lot more population than Britain has not only smaller economy but a lot lower living standard, human development, poorer healthcare, education, infrastructure and people....Germoney is also still going stronk until this time!!

    @Afghandude...

    Sex industry or not, the point of the article and the CEBR report is that the UK is now on the upward trend and will continue to pull away from France.

    The projected GDP figures for 2030 tell the story.

    ..the natural order is restored [​IMG]
     
  6. GUNS-N- ROSES

    GUNS-N- ROSES Major SENIOR MEMBER

    Joined:
    Jun 3, 2011
    Messages:
    2,389
    Likes Received:
    843
    Country Flag:
    India
    thread starter could not maintain objectivity and inserted population in title just to prove a point (more to himself perhaps).

    on topic, GoI ought to usher in new reforms and make india more buissness friendly. till now I have seen only "talk". its time some concrete steps are taken on ground.
     
  7. Picdelamirand-oil

    Picdelamirand-oil Lt. Colonel MILITARY STRATEGIST

    Joined:
    Jun 20, 2012
    Messages:
    8,328
    Likes Received:
    6,264
    Country Flag:
    France
    Some data coming from Trading Economics with forecast for 2014 (Actual is 2013).

    Forecast for more than one year have no value (and forecast at one year have very poor value).

    GDP | Forecast

    [​IMG]
     
  8. MiG-23MLD

    MiG-23MLD Major SENIOR MEMBER

    Joined:
    Jan 18, 2011
    Messages:
    3,887
    Likes Received:
    1,467
    Country name2010201120122013













    Brazil2,685,978,510,0332,816,318,277,9682,896,575,489,1273,012,933,925,664







    China12,097,934,313,63613,495,911,828,54214,790,115,914,35516,161,655,002,157







    France2,332,572,804,2692,438,124,173,9772,437,585,856,8332,500,620,568,711


    India5,478,711,564,7665,962,977,517,2576,357,778,037,2136,776,098,103,841








    9,43121,287,695,78922,295,801,591

    Mexico1,736,047,812,7731,896,258,184,7301,955,060,184,256 2,014,006,321,415












    Russian Federation2,924,788,560,5273,226,598,742,7023,365,255,439,192 3,460,368,290,153












    United Kingdom2,254,819,758,3512,317,087,627,2112,353,072,131,956 2,464,639,137,260

    United States14,964,400,000,00015,517,900,000,00016,163,200,000,00016,768,100,000,000








    GDP, PPP (current international $) | Data | Table
     
    Last edited: Dec 29, 2014
  9. MiG-23MLD

    MiG-23MLD Major SENIOR MEMBER

    Joined:
    Jan 18, 2011
    Messages:
    3,887
    Likes Received:
    1,467
    that is nominal it does not count, PPP is what matters Russia has an economy as Large as Germany and India larger than any European nation
     
  10. MiG-23MLD

    MiG-23MLD Major SENIOR MEMBER

    Joined:
    Jan 18, 2011
    Messages:
    3,887
    Likes Received:
    1,467
    the donkey does not know what is PPP GDP and talks from the ears


    [​IMG]
     
  11. MiG-23MLD

    MiG-23MLD Major SENIOR MEMBER

    Joined:
    Jan 18, 2011
    Messages:
    3,887
    Likes Received:
    1,467
  12. MiG-23MLD

    MiG-23MLD Major SENIOR MEMBER

    Joined:
    Jan 18, 2011
    Messages:
    3,887
    Likes Received:
    1,467
    what can you expect of a racist pig:rolleyes:
     
  13. HMS Astute

    HMS Astute BANNED BANNED

    Joined:
    Aug 20, 2014
    Messages:
    1,927
    Likes Received:
    399
    Country Flag:
    Falkland Islands (malvinas)
    All hail Britannia!!! It's time for you guys to change the regime...

    12/26/2014
    UK Is Now World's Fifth Largest Economy - Forbes

    [​IMG]
     
  14. MiG-23MLD

    MiG-23MLD Major SENIOR MEMBER

    Joined:
    Jan 18, 2011
    Messages:
    3,887
    Likes Received:
    1,467
    all hail your lies is better you see the world bank PPP GDP you are still behind india

    tell the prostitutes to work harder to get a bigger GDP
     
  15. MiG-23MLD

    MiG-23MLD Major SENIOR MEMBER

    Joined:
    Jan 18, 2011
    Messages:
    3,887
    Likes Received:
    1,467
Thread Status:
Not open for further replies.

Share This Page