India can become a "Developed Nation" by Year 2030 when it can surpass US $20k Per Capita Income
India can become a "Developed Nation" by the Year 2030 when it can surpass US $20,000 per capita income for it's people.
Based on Economic Modelling and Forecasting I have worked on here are the results of what we can achieve..... which still needs to be peer reviewed and validated.
It assumes some very aggressive / optimistic, but realistic and do-able growth rates... similar or eventually slightly better than China's growth in late 1990s / 2000s. This is only possible if we can get our act together and don't miss out to take advantage of this Golden opportunity.
Gross Domestic Product (GDP) - Purchasing Power Parity (in US $ Trillions):
2009 = $3.5 T; 2020 = $10.8 T; 2025 = $18 T; 2030 = $ 29 T; 2040 = $72 T; 2050 = $158 T; 2075 = $647 T; 2100 = $1,567 T
Population (Billions):
2009 = 1.17 B; 2020 = 1.33 B; 2025 = 1.38 B; 2030 = 1.43 B; 2040 = 1.52 B; 2050 = 1.6 B; 2075 = 1.82 B; 2100 = 2.06 B
GDP Per Capita - Purchasing Power Parity (US $):
2009 = $3,000; 2020 = $8,100; 2025 = $13,200; 2030 = $20,700; 2040 = $47,000; 2050 = $99,000; 2075 = $357,000; 2100 = $762,000
GDP per Capita is being used as a simplified proxy for a "standard of living" indicator. I have also made the assumption that when India has a US $ 20,000 per capita income then we can classify it as having become a "Developed Nation".
* Please note that the above $ (Dollar) figures have not been discounted / adjusted for inflation rate to derive the expected current value of future forecast $ amounts.
You can find out more at www.ThejesThink.com and register as a user to view further details of the Indian Economic Development Forecasting Model. The current model results published on the website only goes out to Year 2025 although the model has been extended to forecast up to Year 2100.
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