Fareed Zacharia of Newsweek looks at India, a dominating future presence that might outshine China in the long run.
A much-cited 2003 study by Goldman Sachs projects that over the next 50 years, India will be the fastest-growing of the world's major economies (largely because its work force will not age as fast as the others). The report calculates that in 10 years India's economy will be larger than Italy's and in 15 years will have overtaken Britain's. By 2040 it will boast the world's third largest economy. By 2050 it will be five times the size of Japan's and its per capita income will have risen to 35 times its current level. Predictions like these are a treacherous business, though it's worth noting that India's current growth rate is actually higher than the study assumed.
If things continue as predicted then the East will become the new West.
They will grow alot, but they can shape their growth however they want. I hope they go the route the west did and give power to the people, but China is being very stubborn.
Emerging India
