What will India be like in 2040?
By 2040, Indian GDP will have tripled from its current level and the country will be the world’s third largest economy by a sizeable margin, comparable in size to China today, and securely ensconced as a middle-income country in terms of GDP/Capita.
Can India be developed 2050?
The report projected that India would leapfrog to the third place by 2050 in the ranking of world’s largest economies, just behind China and the US, with a share of 6.8\% in global GDP. At present, India is ranked fifth in size of world’s economies with a share of 3.3\%.
How India will consume in 2030?
How India will consume in 2030: 10 mega trends 1. The Indian middle class will truly come into its own By 2030, India will move from being an economy led by the bottom… 2. Upward income mobility will drive growth across all consumption categories As 140 million households move into the… 3. Half
What is the future of India’s population?
India’s population is expected to continue to grow until mid-century, reaching an estimated 1.68 billion in the 2050s as the chart below shows. But an important piece of evidence tells us that population growth will come to an end: The number of children in India peaked more than a decade ago and is now falling.
What do India’s young spenders want from the future?
These youngest Indians already exhibit the greatest willingness to increase spending over the next 10 years, but they are also highly discerning about what they consider “best in class” offerings in every consumption category, from apparel to cars.
How will India become the world’s most populous country?
Reuse our work freely India will soon become the world’s most populous country as India’s population is predicted to surpass that of China within the next decade. India’s population is expected to continue to grow until mid-century, reaching an estimated 1.68 billion in the 2050s as the chart below shows.