Question

What will happen to India’s economy in 50 years?

Answer 1

Indian economy is set to expand at the world's fastest rate over the next 50 years to emerge as a major force globally, but it would still rank as the second worst in terms of prosperity of its citizens.

Over the 50-year period between 2011-2060, India will register an annual economic growth rate of 4.9%, as per a latest report by Paris-based international grouping of the world's leading economies, the Organisation for Economic Cooperation and Development (OECD).

India's per-person GDP (measure of well-being of a country's citizens) will also grow more than 7-fold during this period, but the country will still rank at second place from the bottom by 2060 in absolute terms, said the report.