World Economics Forum

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 ...

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...

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...