India will overtake the US economy by 2030
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India will overtake the US economy by 2030
1–10 of 68 posts
Re: India will overtake the US economy by 2030
#2Not hard to do when you don't respect the intellectual property of anyone and close off your market
Re: India will overtake the US economy by 2030
#3Not hard to do when you don't respect the intellectual property of anyone and close off your market
Yes, USA has been a paragon of virtue in intellectual property matters.
Re: India will overtake the US economy by 2030
#4Not hard to do when you don't respect the intellectual property of anyone and close off your market
Yes, USA has been a paragon of virtue in intellectual property matters.
While true that the US is no saint in this regard, the scale of IP theft by China is industrial, and well known.
Re: India will overtake the US economy by 2030
#5Maybe they will or maybe not.
I can remember similar predictions about Japan and... let's say they didn't make it.
Re: India will overtake the US economy by 2030
#6Wildly speculative. Turkey is predicted to have 9.1 [some unit], while Germany 6.8 [some unit]. There are two countries with similar demographic profiles, with Germany having 5x the [nominal] GDP of Turkey today. Short of nuclear war or an asteroid landing in Ruhrgebiet, it's hard to imagine what would lead to Turkey's economy overtaking Germany's in 11 years.
PS. "nominal GDP using purchasing power parity exchange rates" is nonsense. Not sure if the error lies with the journalist or with the source.
Re: India will overtake the US economy by 2030
#7Earlier quoted context omitted.
Yes, USA has been a paragon of virtue in intellectual property matters.
While true that the US is no saint in this regard, the scale of IP theft by China is industrial, and well known.
If history is any indication, once countries start becoming net exporters of IP, and net importers of low-skilled labour, they very quickly adopt the same neo-liberal trade and IP policies that are currently championed by the developed world.
Re: India will overtake the US economy by 2030
#8This is a often reappearing topic, and to some people it sounds like the end of the world, but that's just too sensationalistic.
Well, even when it happens, then what?
China will still be poorer per capita if it reaches parity in net GDP, and beside the symbolic change in the modulus of GDP gap, nothing will change.
Re: India will overtake the US economy by 2030
#9Not hard to do when you don't respect the intellectual property of anyone and close off your market
Exactly what the US did at the early stage of its development.
Re: India will overtake the US economy by 2030
#10Not hard to do when you don't respect the intellectual property of anyone and close off your market
At some point I would think companies need to do their own R&D if they want to compete globally.
For example, if China wants to lead the world in AI by 2025, they need the best people doing research.