Indian economy will overtake USA by 2050: Goldman Sachs?

Question

If everything goes smoothly, these four countries will become the most attractive region in the world for placing direct as well as portfolio investment," Goldman Sachs states in its report Brazil, Russia, India and China - A Road in 2050. Indian economy will be ahead to USA in same period of time.

http://www.rediff.com/money/2003/oct/13shyam.htm
http://www.number10.gov.uk/output/Page5555.asp

Answer 1

Don't believe everything you read, especially when it comes from someone who is trying to sell something, which a Goldman Sachs analyst is trying to do. India is much too far behind the US to catch up by 2050 -- just not mathematically feasible under any realistic growth rates.

As for Russia, the most institutionally corrupt place on Earth, you open shop there and you'll have the government, KGB, and organized crime in turn all knocking on your door demanding the monthly protection bribe, and if you don't have enough cash for all of them, one of them will set off a bomb under the driver's seat of your car. I would not touch that with a ten foot pole. Hail Czar Putin.

Answer 2

Its nearly impossible to predict so far into the future. The predictions are based on unrealistic assumptions, such as India and China can sustain the ridiculous rates of growth they are enjoying now for the next 25 years. We'll wait and see.

Answer 3

Well--- If the United States turned a blind eye to it's needy and poor
--- allowed disfranchised people to literally DIE on the damn street for the need of someone that gave a rat's butt--- let the underclass suffer all kinds of problems with out any help at all --and saved all its resources and attention for JUST the well-to-do --- then WE would ------Oh, we do that TOO-----hmmmmmmmm---- Never mind !!!

Answer 4

I hate the Democratic controlled congress for not passing regulation reform. I hate personal greed, especially all the sweetheart deal the unions under Obama keep getting. Why if Obamacare is so wonderful are most union members exempt from it???