Will India and China will always have a bigger economy going forward?
Each country has 1 billion population and so there will be endless workforce.. At the current rate of growth of 9-10%, both will surpass US in few decades.. Will the both lead the world "forever" because of their huge size??
Public Comments
- yes they have the potential but us can beat them by innovation
- Very good question yet hard to answer. However India and China appear to be at each other's throat in go after the global manufacturing base because both have a system that they do not have to pay their workers very much yet they both have a huge bucket of educated work force in manufacturing, technical and in electronics and both countries are putting out more engineers than any other country in the world. But definitely China will be the first to pass the US economically. Currently the GNP of the $14 Trillion dollars each year for the USA and $4Trillion for China. I know its seems like a large difference but the Chinese are actually growing at 12% as of this past year and the USA shrank by 2.4% in terms of growth rate. I would like to see both China and India change their form of government however they will not. Both economies are at least 10 years off at catching up to the USA........but it certainly can happen and as long as the USA keeps regulations on manufacturers and high taxes on manufactures and businesses then I don't see the USA growing but I do see the other two countries growing economically.
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