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World GDP Forecasts for 2030 :Report

Standard Chartered forecasts the top 10 countries in the world by purchasing power parity GDP in 2030. 1. China: $64.2 trillion 2. India: $46.3 trillion 3. US: $31 trillion 4. Indonesia: $10.1 trillion 5. Turkey: $9.1 trillion 6. Brazil: $8.6 trillion 7. Egypt: $8.2 trillion 8. Russia: $7.9 trillion 9. Japan: $7.2 trillion 10. Germany: $6.9 trillion The China, US, Japan and Germany forecasts seem somewhat reasonable. I do not see how most of the Standard Chartered forecast happens. Standard Chartered has a massive acceleration in GDP growth for India, Indonesia, Turkey, Brazil, Egypt and Russia. GDP PPP 2030 Forecast In 2030, the world will have about 8.56 billion and Asia will have nearly 5 billion people. Asian countries are still maintaining GDP growth of 4-8% depending upon the country. This is 1 to 5% faster annual growth than the rest of the world. On a purchasing power parity (PPP) basis, Asia will have 42% of the world economy next year. Purchasing ...
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FALL IN CRUDE PRICE: REPERCUSSIONS IN INDIA

The brisk decline in the price of the  “black gold”  has changed the course of oil exporting as well as oil importing economies. The reasons attributed to this decline are mainly based on increased competition amongst the producers, economic stagnation in Europe and Asia and geopolitics. This downfall in global oil prices is continuing because of a mismatch in demand and supply. The demand is low as major oil importing economies like Japan and China are facing slowdown. The supply on the other hand, is rising on account of the U.S. shale boom. The leading OPEC member Saudi Arabia, want to negate the increasing supply of shale oil by the USA and build a dominance in the Middle East region by increasing it supplies of oil and thus gain considerable increment in market share in the global oil market. But whatever be the reason of this drop, the Indian economy which is projected to grow at a faster rate in 2015, could not have asked for a better timing of the reduction in crude p...
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What is the exact state of Indian economy?

We conclude the exact state of Indian economy on two parts, the first where Indian economy improving and later where the indicators are bad. Improvement in Indian Economy Post implementation of Demonetization (Nov. 2016) and Tax Reforms like GST (Jul. 2017), most economists had predicted a short term disruption and few quarters of muted growth, before long term benefits kick-in. We seem to be nearing the end of that period and starting the recovery to higher levels of GDP growth. Forecast by  “The Economist”  puts India back as world’s fastest growing major economy by 2018    Exports are consistently increasing - in 2017, exports grew by 12% YoY This is higher than China’s (8.5%) but lower than a few other emerging economies which clocked more than 15% (in absolute value, India’s exports are only about one-tenth of China’s) Exports are increasing at a higher pace than Imports Overall Trade deficit which was in a free fall from 2006 to 2012, has...
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Should I buy Bitcoin now or am I too late?

No you should not buy bitcoin. Now I know that everyone is saying “Bitcoin is still one of the best investments out there and it will reach $xx,xxx in two years”, but to be perfectly honest, Bitcoin doesn’t have much room for growth. Bitcoin is up almost 2,000% in the past year. This is an unheard of growth rate that even the most volatile of traditional investments don’t reach. Maybe in 5 years, but one year? This is something that doesn’t happen everyday. So say Bitcoin goes up another 2,000% next year. Then each bitcoin will be worth around $320,000(assuming a current price of around $16,000 per bitcoin). With each Bitcoin being worth $320,000 Bitcoin would have a total Market Capitalization of over $5,120,000,000,000. Yes that is 5.1  trillion  US dollars. You would essentially need a large portion of the money in the world, across all countries, invested in bitcoin in order to achieve these kinds of numbers. Here's how much money there is in the world — and wh...
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Bitcoin Bubble

Short History Bitcoin  is a  cryptocurrency  and worldwide  payment system . [8] :3  It is the first decentralized  digital currency , as the system works without a  central bank  or single administrator. [8] :1 [9]  The network is  peer-to-peer  and transactions take place between users directly, without an intermediary. [8] :4  These transactions are verified by network  nodes  through the use of  cryptography  and recorded in a public  distributed ledger  called a  blockchain . Bitcoin was invented by an unknown person or group of people under the name  Satoshi Nakamoto [10]  and released as  open-source software  in 2009. [11] In 2010, someone decided to sell theirs for the first time – swapping 10,000 of them for two pizzas. If the buyer had hung onto those Bitcoins, at today’s prices they would be worth more than $100 million. In 20011, rivalry cryptocurrenc...
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Russian Economy Challenges

Throughout 2016 Russia made frequent headlines on most global news sites. This infamy was a result of Russia’s aggressive foreign policies. In addition to its belligerent actions in Ukraine which started in 2014, Russia’s image as an aggressor was further enhanced by its increasing involvement in Syria, and partly by its involvement in European and later American politics. Throughout 2016 Russia made frequent headlines on most global news sites. This infamy was a result of Russia’s aggressive foreign policies. In addition to its belligerent actions in Ukraine which started in 2014, Russia’s image as an aggressor was further enhanced by its increasing involvement in Syria, and partly by its involvement in European and later American politics. To an untrained eye Russia appears to have become a global superpower, a force to be reckoned with. The country is led by a strongman with domestic approval ratings consistently over 80%. Mr. Putin’s government can annex other countries’ ter...
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