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India's economic future not as bleak as doomsday prophets predict

India's economic future not as bleak as doomsday prophets predict

Growth may have slipped and the rupee slid, but The Wealth Report 2012, an annual survey by global property consultancy Knight Frank and Citi Private Bank, suggests this is a temporary glitch.
India's economic future is not as bleak as the doomsday prophets predict. Growth may have slipped and the rupee slid, but The Wealth Report 2012, an annual survey by global property consultancy Knight Frank and Citi Private Bank, suggests this is a temporary glitch. In the long run, India remains unstoppable

1.
India will see the largest increase in the number of centa-millionaires* in coming years. The projected rise in percentage of centa-millionaires in key countries between 2011 and 2016

2.
Come 2050, India will be the world's largest economy measured by purchasing power parity (PPP). Leading economies like Britain and France will have slipped off the top 10 list

3.
Countries whose GDP will rise the most between 2010 and 2050 (China is conspicuously missing)



Graphic by Santosh Kushwaha

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