Introduction
Economy is one of the major factors on which the county's whole fate depends on. In 2015 US is on the top world's leading economy, the second is China and the third is Japan. India is tenth in it. It is expected that there will be a change in the future.
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The future of Indian Economy
In 2030, India could be the rising economic powerhouse of the world as China is seen today and that it will continue to consolidate its power advantage over Pakistan. China's current economic growth rate - 8 to 10 per cent - will probably be a distant memory by 2030.
"India's rate of economic growth is likely to rise while China's slows," said the report which is aimed at providing a framework for thinking about the future. According to the report, the total size of the Chinese working-age population will peak in 2016 and decline from 994 million to about 961 million in 2030.
According to the NIC report, the World Bank assesses that India will join China as an "emerging economy growth pole" by 2025, which could help to strengthen the global economy.
World Bank modeling suggests that together China and India will serve as nearly twice the engine for growth as of the United States and the euro zone combined by 2025, the report said.
Here is a video showing the ranks of world's leading economies in 2030
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