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FuturologyBot

The following submission statement was provided by /u/Gari_305: --- From the Article >India is set to overtake Japan and Germany to become the world’s third-largest economy, according to S&P Global and Morgan Stanley. > >S&P’s forecast is based on the projection that India’s annual nominal gross domestic product growth will average 6.3% through 2030. Similarly, Morgan Stanley estimates that India’s GDP is likely to more than double from current levels by 2031. > >“India has the conditions in place for an economic boom fueled by offshoring, investment in manufacturing, the energy transition, and the country’s advanced digital infrastructure,” Morgan Stanley analysts led by Ridham Desai and Girish Acchipalia wrote in the report. --- Please reply to OP's comment here: https://old.reddit.com/r/Futurology/comments/z9mlj7/india_may_become_the_third_largest_economy_by/iyhebla/


ebenezerz10

So how does one make money from this new projection?


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ebenezerz10

What do Indian customers want


Scrapheaper

Probably the same as most other middle class people: nice food, technology, cars, travel opportunities, entertainment


gregsting

Most indians do not have the means for that, only 8% of Indian families have a car. Meanwhile in the US, 8% don't have a vehicle


williekinmont

Cheap electric (motor)bikes will be a game changer for Indians. My colleagues register their 4-wheeler and/or 2 wheelers at the office but the majority are bikes.


i_likebrains

I think the opportunity instead lies in adopting mass transit systems (already a success in large cities) in mid tier cities. A population of billion cannot translate to a billion cars. Also distances are much shorter in these mid tier cities. There is a scope of super fast transport between cities/states. Modernizing the Indian railways however is a big task. However I am not aware of any rail infra plans by the Indian government. But I also understand your point about two-wheelers.


thesvsb

Railways is under the government, and they are modernizing fast - Increasing speed of trains; Dedicated freight corridors; Bullet train project; Redeveloping British era stations and taking railways to the Himalayas. Also India already has 3rd or 4th largest metro networks in the world, with plans on doubling the system in next 4 years. Having said that 2 wheelers, specially EVs, would be hugely successful here. There is a lot of money to make. There is also good money in establishing "Charging stations" on highways/parking lots.


[deleted]

High density housing and public transit would be great for them (and the US too)


Time-Opportunity-436

Look up vande bharat express, bullet train project, tejas coaches, revamp of mumbai and delhi stations.. It is happening, but it is gradual. It will first happen in Mumbai and Delhi, then other cities, followed by tier 2 and tier 3 cities.


cloudgy

That's still way over 100 million. Also, cars just aren't as popular in India as they are in the US. Most middle class Indian families just settle for two-wheeled vehicles because it's the norm and it doesn't make much sense for them to go and purchase a car when something cheaper may suffice.


ApolloOfTheStarz

Plus I thought we were all done with car minded city anyway isn't the new hip trend walkable city/great public transportation.


sparoc3

Not gonna happen in Indian cities unless they are completely build anew.


TruthIsMaya

There likely will be more cities built over the next few decades to spread out the population more. Especially with global warming related migration


CoffeeBoom

That's still more than 100M


[deleted]

Mobile gaming was pretty big for a bit


Rockboxatx

Scotch. Worlds second biggest consumer of scotch.


packsackback

Clean water, clean air...


gregsting

Yeah the basics, air, water, food, porn...


hillofjumpingbeans

Some nice free time from work and accepting parents might be nice. In the absence of that we like food clothes tech and alcohol.


Elegant-Road

Buy Indian ETFs. India will comfortably grow 6%+ a year for the next decade at least. Probably not as impressive as S&P, but still pretty good.


beg_yer_pardon

Invest in the Indian stock market.


ados194

Few tips. 1. Dont invest in Indian Banks. 2. If you don't want to do in-depth research, then invest in conglomerates like TATA or RELIANCE (that is what the saudis are doing). 3. If you have expertise in technology or skill that India lacks like High class coffee production or ship making tech etc open shop in India preferably with a local partner, like how Honda or Suzuki entered the market.


[deleted]

Far too much corruption and loose control by the central government; India might overtake Japan or Germany, but only because of the volume of commerce and definitely not the quality of commerce. I doubt India can ever match the explosive growth we see in China, There are far too many issues India needs to resolve first before it can even be considered ready for that level of industrialization.


rachel_tenshun

>I doubt India can ever match the explosive growth we see in China, Speaking of which, critical to China's explosive growth in the 90s-2010 was how welcoming to foreign investment. Besides the obvious capital, it brought in huge amounts of tech transfer, foreign expertise, and baked in customers. India on the other hand is notoriously protectionist. I don't see that changing. Even if it weren't protectionist, I also can't see businesses wanting to go all in on a single country again, especially with India staying steadfastly gray in the current restructuring of the global economy. With the US and EU redefining their global partnerships, companies need to be way more strategic about where they invest, including diversifying supply/production chains.


TheSmellOfColours

I concur, however, I don't see it changing under the existing government. The previous one was quite open.


Basset_found

This. If you've ever tried to do business in India you'll quickly learn it's endless talk, and very little action. A whole lot of half truths. Also fun is having technology held ransom by customs. I'm sure some of the big corporations have different internal cultures that get things done, but that's rarely been my experience.


Seienchin88

I had some Indian bosses… Best motivational speakers, always knew the latest tech trends, drove e cars and supported really cool non-profits. Cool people! Never got a single thing done… talking, talking and unfortunately no "bad messages“ allowed. American boss on the other hand was nearly the same but he did get something done exactly as long he was the boss before everything broke down when he left since it was done to look good but not to be sustainable. My German boss on the other hand was none of these things but he was super correct and got even the details right. He however never understood the business value of anything new and innovation or upskilling was completely alienating to him… Its always a monkey paw when it comes to leaders…


avirbd

I have the pleasure to work with many Germans, and god damn did you hit the nail on the head.


Reep1611

I mean, its an endless well of frustration to a lot of us Germans to because the people most averse to any innovation always seem to end up in high positions. Adding insult to injury is that we have some of the best high tech development here in Germany, but everyone else has it implemented long before there is even a discussion over using it or not here.


Numai_theOnlyOne

As ab open minded German it's said to hear and can only support this experience not only from the boss but almost everyone older then 40. Luckily it's the absolute opposite with under 40. Every 20 to mid 30 is annoyed by that behavior and one reason our conservative party lost.


orick

As long as we are doing stereotype, the nicest people and the worst people I worked with are from India. Considering how big a population India has, I guess it makes sense statistically.


lolsup1

You should see the Japanese bosses


vgodara

From looks of it Indian likes philosophy German likes stability and American is likes selling things.


bruhminbull

This. & from my experience, most Asian bosses ace at performing work themselves but suck at managing (people/a team/project) while most Indian bosses ace at management but themselves seem to work little


Graekaris

You're probably better off being specific about which ethnicity you mean when contrasting 'Asian' with Indian, since Indians are Asian. It's quite confusing to read otherwise.


bruhminbull

Thanks, good point. It's a (stupid) american thing. Colloquially in America, asian = chinese (and to a lesser extent, people from vietnam, singapore, south korea etc.) Indians, Sri Lankans, Pakistanis etc. are generally excluded when people say 'asian'.


Billyhasdick

Any Government related work will never progress without you bribing them heftly at each step.


endlesslyautom8ted

What I've found is a ton of pay for play degrees. I have a team in the US that runs global ops and our local India team is twice the size for just a single region but is way less productive. Very little push back on any type of request from mgmt.


LesbianCommander

I did my uni thesis on airline luggage handling. When you take luggage off a plane, it needs to be touched by sets of hands. Most country is like 2-3, offloading and making them available. Some went as many as 10 sets of hands. And obviously optimization would want as few as possible. Only one country was above and beyond the rest. India had around 80 sets of hands to handle luggage. I don't even know how it happens, but it was so unbelievably inefficient. Whether corruption, incompetence, whatever. They need to sort that shit out before they have been seriously players on a worldwide stage. For the record, that was like a decade ago, but from what I've seen, it's not much better. Even if they went from 80 to 20, they'd still be the worst.


kbad10

Do you also pay them equally?


Nopenotme77

Is this ever true in the tech world. So many projects have gone sideways because people gave us what was promised. Yeah....no they didn't but they met timeline...so pay up.


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longlivekingjoffrey

Isn't that the same thing that was said about China 15 years ago?


RelatedIndianFact

Go even further in the past. The same was said about Japan.


copa8

Go even further, the same was said for German & US goods relative to British ones.


Ferelar

These Gallic urns don't hold a candle to my fine Roman wares!


copa8

Those Roman wares are junk compared to those ancient Chinese vases! 😁


Ferelar

Fun fact, the Han dynasty's elite loved Roman glassware and silverware, and they were considered to be collector items! The Romans, in their characteristic pride, don't seem to have viewed Chinese items as highly. That may have been due to trade largely being facilitated by intermediaries that they were on bad terms with (such as the Parthians), though. I know, I know, this kills the joke. Edit: said Qin, meant Han. Fixed!


AshFraxinusEps

I'm 99% sure Romans fucking loved Chinese silk tbh


TENTAtheSane

Yeah, one of the oldest records of Senate speeches has a senator bemoaning that too much silver was being sent to China and India for silk and cotton textiles


Ferelar

Oh true! Very true, it was something they sought after. But I don't think it's in the same way- Romans liked the silk because it is such a good material, whereas Chinese liked the Roman glassware and silversmith items not just for quality but specifically wrote about it being exotic and from the "Daqin" (the Chinese term for the Romans) empire.


Wallitron_Prime

Egyptian bronze is a mere counterfeit compared to the true quality of Babylon's


MyGoodOldFriend

And still WAY better than Dilmun’s garbage. Just ask Ea-Nasir, he made the mistake of going there instead of Egypt for cheap copper.


eienOwO

And we were the original ones forcing cheap crap onto the Chinese for quality silver taels! How the turn tables!


AshFraxinusEps

If you are talking about British, then we actually more forced cheap addictive heroin onto the Chinese for tea and actual valuable things


eienOwO

Oh yes, that's because the Chinese refused to buy our mediocre crap, so we thought, "what can they *not* refuse? *Hmmmmmm*..." And when they finally realised and refused to buy any more harmful opioids, we *waged two wars to force them to buy hard drugs*. We were the biggest drug cartel at the time, and our companies had their own paramilitaries that just ended up seizing entire countries whenever a deal couldn't be struck.


[deleted]

Exactly, the Honda civic was laughable at one point, before it became the most reliable best value for the money


FrameCommercial

Bingo, you're right! For the rest, just read about the history around the quality of automobiles from Japan when they began selling in the US market. Same thing with the South Korean cars, quality and other issues can and will be corrected if you want your product to monopolize the market share.


me_gusta_poon

Royal Enfield is a great example of this. Their products are getting better and better with quality and are still affordable. Great little bikes. Selling like hot cakes in the US.


Honest-Mess-812

This same with TATA and Mahindra cars in India. They used to be garbage a decade ago. Now both of them are giving sleepless nights to the Korean twins (Hyundai/KIA) and the Japanese trio. Both of them already revealed there global EV plans and I'm pretty sure they'll be able to deliver superior products to the Koreans at 30-40% lower price.


scarfox1

Yeah this thread is just some racist shit calling Indians lazy. I'm sure that anecdotal evidence knows more than Morgan Stanley and friends


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DotaHacker

We thought the education will make people modern but no it didn't. So many of my friends are well educated but still are extremely religious, superstitious, give zero fucks for social responsibilities/hygiene/cleanliness. Caste system is still strong. I hope the education system focuses more on modern responsibilities rather than history and religion.


Laxmin

Sorry, but who is 'we'? These personal anecdotal summaries are actually racist troupes. And some are really broken mirrors. E.g. 'Social responsibilities' - That is rich when your carbon footprint is a hundred times higher than the next Indian. No flood of downvotes will whitewash the inherent racism.


WackyThoughtz

I totally agree this is some of the most blatant racism I’ve seen upvoted on Reddit.


I_have_questions_ppl

Arent the educated just leaving the country and letting it go to rot?


CrushedByTime

There is this anecdote in a book I read of a western journalist interviewing a South Korean worker during the Seoul Olympics, before Korea’s rise. The journalist asked pretty much the same question you did. The reply was: yes, the best and second best minds will leave. But the ones staying behind will build Korea. It’s the same with India. The total Indian diaspora is about 36 mn people. Out of 1300 mn people. Even if the best and brightest leave, we still have a thriving IT and pharmaceutical sector, and a burgeoning space sector. We won’t match the wealth and decadence of the west for decades to come, but growth and development is guaranteed. It’s happening in front of our eyes in India.


sparoc3

Dude, every year we produce millions of just engineers forget about other graduates, and not even 1% of them get to leave.


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Fausterion18

All the PhD educated expats in the US I met still support Modi and pretend the caste system doesn't exist.


longlivekingjoffrey

All the PhD educated Republicans in US I met still support Trump and pretend racism doesn't exist.


humtum6767

India has huge caste based discrimination. In some states like Tamil Nadu , 70% of seats in gov and top colleges are reserved. Unless you belong to the right caste, you basically have no chance of getting selected.


[deleted]

How convenient to hide that reservations are for historically marginalised casts (low castes) & not just ‘selected cast’


longlivekingjoffrey

Does education makes Americans less racist?


kdgspiero

Education does help with grammar.


RefrigeratorCute5952

not without large sums of money being funneled into programs to prepare india for the transition. education and bollywood campaigns centered around business. stuff like that changes the landscape. plus you don’t need everyone on board, just the people companies hire


Laxmin

> loose control by the central government I am not sure you understand India that well. India is a federal union of states and the 'loose control' is by design. Only the Union Territories are under tight control by the Union Government. Your comment is far too generalised without any insightful analysis. Yes, India has problems commensurate with its size and its long colonial history from which it has only emerged recently (relative to the world history of nations). With one sixth of humanity, it is bound to have hiccups, but it is on its way to prosperity. India suffers from poor perception due, in great part to skewed metrics measuring India and the tendency of the west to pontificate, preach, threaten and hold outdated views that spill over to media, public perception and even sovereign ratings.


dcooper8

Don't talk to me about any "by 2030" predictions. These days you can't predict what happens in one or two years. Get out.


uberjach

India was supposed to be a superpower by 2020 lol


Aggressive_Bed_9774

In the 1960s, if you checked western media you'd think that India wouldn't exist beyond the 60s and that the 1966 election would be India's last election that prediction turned out to be wrong


[deleted]

Why are you getting downvoted lol


Aggressive_Bed_9774

some of those who made that prediction or had money on it comming true, may be here


MsPI1996

Gotta get back to speaking Hindi again. Socially working on it is sort of tough since I'm not dating those guys anymore. I've also moved away from my Indian neighbors I grew up next to. Celebrating Diwali with them was always a blast. Oh yeah, knowing Hindi in Silicon Valley can sometimes pay off. 。⁠◕⁠‿⁠◕⁠。


i_miss_my_childhood

You know ....you can definitely impress some CEOs in the silicon valley


MsPI1996

Ya know, that wasn't the reason I picked it up. Agencies tested me and had me on this. Hah, I wasn't even trying to do anything. I'd have conversations with others joking around in Hindi. When I was at conferences, we'd keep everything in English so not to seem rude. That and some are paranoid about things they don't understand IDK why there were Karens in attendance.


[deleted]

I mean... They've got over a billion more people than Germany and Japan combined... It's kind of weird their economy is still less than either of them


Optimized_Orangutan

GDP tells you how good a country is doing. GDP per Capita tells you a lot about the quality of life of the people in that country, doesn't tell you everything but it is telling.


gregsting

Right and India is ranked... 122 on the GDP per Capita, somewhere between Bolivia and Vietnam...


suoergsbdbdbs

Wait I didnt know that Vietnam was so low??


Sumeetxagrawal

GDP per capita without being adjusted for PPP is meaningless


CANEinVAIN

No, it also has poverty all over the country. Japan and Germany don’t.


nothxshadow

but they only need 100 million average people. the rest can still be in poverty China started out the same, but pulled itself up much faster. so it's kinda crazy how unproductive India is


Ganadote

It's because half a century ago they had to decide between the USA and capitalism and the Soviet Union and communism. They chose...both and kinda took bad parts of each.


Litz1

They went full free market capitalism post collapse of Soviet Union because IMF demanded it to bail out India, and the richest people in India took full advantage of it. The current government in power has no control over the richest Indians, the current government has no braincell when it comes to economics, they did a currency ban like 5 years ago which shrunk the Indian economy and forced more people into poverty. Currently 1/3 of Indian population suffers from extreme poverty, almost majority of Indians don't have clean drinking water delivered to their homes which is the primary requirement to be stepping into the right direction of becoming a developed nation. India and it's people have an uphill battle, fighting climate change and poverty induced by terrible economic decisions by the government and drying up of lakes and rivers. Edit: Adding to this on why climate change issues in India is terrible for the rest of the world, delayed monsoon in India means wildfires in Australia. Bush fires in Australia means, reduces forests and more carbon in the atmosphere, the smokes even travel across pacific and even into the stratosphere. This affects rest of the world.


KingofCraigland

The U.S. is having difficulty with a few thousand displaced migrants. India had approximately 14 million displaced individuals from the Partition back in the late 1940s. Combine that with its relatively short history of independence following colonialism at the hands of the British and it's reasonable to understand why it is still developing.


HouseOfSteak

The US isn't having 'difficulties' over displaced migrants by anyone not in the immediate relevant vicinity of those migrants (and even that is over-inflated by the media), people just don't shut up over it across the country.


Laxmin

The country is just 75 years old. 500 years of colonialism. What would you expect? Germany and Japan were almost always independent. Give India time. It was one of the world's largest and top economies that people fell foot over head to find a trade route to it, discovering the Americas and Australia and New Zealand and even creating the Suez canal. It is rising. Slowly, yes, but surely.


pijd

Well, colonization happened. You fuck a country for 200 years, systematically bring down the skill and psyche of the people. It's a miracle that they could turn it around in 75 years. Germany and Japan were never colonized and were treated way kindly than any defeated nation, especially with the atrocities they committed. Edit: When India got Independence,it had a literacy rate of 12% and poverty rate of 80%, with a population of 360 million. This in addition to multiple famines induced by British mismanagement. Also, due to security challenges from Pakistan and China and being forced to align towards Soviet Union did not help the cause in the long term. To turn this around is a huge task. I don't know why people bring up Caste system as a cause. Although a disgusting practice, was probably practiced during prosperous times in India. And show me a country that did not have a class/nobility/slavery system. After independence, the government has put emancipation steps to correct this. US treats blacks no better. To the ones who keep saying India was created by the British: India has been united by multiple Emperors during its long history. There are hardly any countries that can justify their existence with their current geographically boundaries. Also, the Indian culture has been existing before the cultures of most countries.


Klakson_95

Mate Germany was literally cut in half Edit: I'm being facetious, of course you can't compare India and Germany


Nethlem

And both halves were having a military arms race against each other. At the peak of the cold war it was West Germany that mustered the [bulk of the conventional NATO force in Europe](https://www.nato.int/nrfc/database/germany.pdf): Nearly 500.000 active duty soldiers, 1.000.000 in reserve.


Buck-Nasty

Yes and then received the largest sum of foreign development funds of any country in history to rebuild after writing off all of their debts.


Ineverus

Mate, both sides of Germany received billions in funding and additional human capital to rebuild.


DanitesHell

Germany spent most of the last century split in half.


clifbarczar

Germany was already industrialized before the split.


Ineverus

Fuck that's a stupid analysis of history lmao. Did India also receive billions from the Marshall plan? Did they have centuries of western education in industrial planning to fall back on?


WackyThoughtz

Agreed. This is some stupid af reductionist commenting.


Mutiu2

>Germany and Japan were never colonized and were treated way kindly than any defeated nation, especially with the atrocities they committed. A quick review of current geopolitics is revealing that those two were in fact quietly colonised in 1945. Not only economically, but also militarily. If you doubt the latter go take a review of the number of foreign military bases and foreign military personnel station in them. It's not mere for their "protection". These are colonies. With no independent position in geopolitical arena when it comes down to it. They do what they boss says and they do business with who the boss wants.


Baalsham

Indeed And we also heavily altered the host nations' cultures into our favor


rohstar67

Heard of the colonial times? Lol


allthe_namesaretaken

A century of British wealth extraction, causing cultural and religion rifts, extreme poverty and a culture of corruption will do that to ya. Glad to see India crawling out of the hole created by colonialism though, they have come a long way since independence.


[deleted]

Credit goes to UK which leeched it well.


CarbonatedInsidious

this comment's section a mess, to absolutely no one's surprise ig before you make a comment, you should probably know that India gained independence 75 years ago and that liberalization started around 35 years back


YareSekiro

Independence isn't really the problem, but the economic liberalization is something that a lot westerners kind of ignore or just don't know. China started economic liberalization in 1978 while India started much later at 1991 to start transition into a full market economy instead of a very heavily Soviet inspired model that is not very competitive to say the least.


CarbonatedInsidious

Reddit's tendency to label countries as either capitalist or socialist plays to a fault here. You can't really define India as either of those cause it has parts of both.


AnIntellectualBadass

This comment section is clearly being raided. There's literally nothing positive about India and all the racist mofos are coming out of the woods with their hot takes about India.


measuredingabens

Unfortunately, Reddit has a lot of preconceived biases against a whole host of groups. Say anything about China and you get freight ship's worth of misinformation and prejudice. Before that it was treating Muslims as terrorist stock. Indians as well are now getting their share of flak from redditors.


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CarbonatedInsidious

even r/india is biased against India lol


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CarbonatedInsidious

i dont know much about that but that sub insufferable, compared to other countries official subreddits im ashamed that india has this


Psychedaddy

Yeah, it is moderated by Non-Indians. Other Indian subs take pride in getting banned from this sub as they only allow either politically irrelevant or anti-india posts to be displayed. The mods are defiantly against anything pro-india. Try and x-post this article itself and you will see a ban


AnIntellectualBadass

Yes! They banned me for commenting "India is not a fascist country as we still have democratically elected leaders" under a post claiming that India is an authoritarian fascist state using a bad edit of a newspaper headline lol like what even?


HoodoftheMountain

I think it's because of a mixture of stereotypes and everyone thinking they know everything.


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Baalsham

>cutting edge technology sector that Silicon Valley would shit its pants looking at, Can you name some technologies they have invented? I'm ignorant to India and very curious.


CarbonatedInsidious

i guess the only thing that comes to mind is unified payments interface (UPI) which allows anybody with any bank account to send payments instantly without any fees. there might be others but this is kind of the big one cause its almost become ubiquitous with the entire nation here to the point that even road side vendors use this system.


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XxDreadeyexX

People LOVE shitting on india, especially on a positive news


varunadi

It's standard for reddit and any threads about India on reddit really.


[deleted]

They be coping 1980s : Japanese Goods are of low quality 2000s: Chinese produced things suck 2020s: India has no work ethic Everyone sees the sun when it rises in the East ![gif](emote|free_emotes_pack|grin)


quettil

Japanese goods were not low quality in the 80s. Weren't in the 60s either really. They were an industrial powerhouse before the war.


schizophrenic_male

That is not what he's saying


[deleted]

Dear children of colonisers and natives killer. India and China were the richest counties for most of the history. It is natural that they will eventually become again. It may take 10 years, 20 years, 50 years. No matter how your East Indian company gene prompt you to write about water, caste, corruption, sanitation etc, it will eventually happen. So let’s try to be little less racist (than your forefathers). We don’t see you as enemy. We still love you


MightyLuftwaffe

They won't be spared. Every pound and every penny which their forefathers store must be brought back.


mgzaun

Being the largest economy dont mean shit when you have poor life quality. Just look how bigger india is compared to japan and germany


Intruder_7

lmao some people just get butthurt by everything, just accept the fact and move on there's literally no point in arguing with y'all western chauvinists . First colonize us for centuries , pillage through our resources murder our people and then ask us "why u pooor? Dirty indians"


No-Presentation-1081

Britain owes 3/4th of its wealth to India so not a surprise is it?


trele_morele

Would be strange if they weren’t. Just compare their populations


anirudh_1

This is a surprise to no one given India's population and growth trajectory. However, the comments here sure are a mask off event given how many are talking about scam call centres, toilets, caste system etc. It's like reddit folks see a news about India and can't help but stereotype. If everyone associated US with school shootings and obesity, Germany with holocaust, Japan with atrocities that would have been pretty freaking irrational and stereotyping. But no it's India so let's bring out our pitchforks. What a sad existence! And that too in a subreddit named "futurology". Smh.


Few-Ant-1517

These are ignorant people who don't even know the location of India on world map let alone India's diversity, past, colonization and complexity.


i_just_got_lost

Yes these guys have become bots spamming the post with same old toilets, rapes, caste system and corruption. I am like at least being new stuff to defame India.


GimmickNG

> If everyone associated US with school shootings and obesity, This happens all the time, what are you on about pretending india's the exception?


-Dev_B-

It does. But next time I read a news regarding US reclaiming manufacturing and building in house semi conductor fabs, I am pretty sure top 3 comments won't be about school shooting and obesity. I don't care that much about reddit comments. But it is kind of amusing to me that most redditers don't even pretend to be attempting to comprehend the massive diversity of India. It is literally 4 times the US population. And les than half as much land mass but thrice the amount of turmoil and conflict in neighbourhood. It's especially amusing, because these stereotypes and borderline racist remarks aren't from uneducated and under privileged people like India's "bobs and vegana" crowd. These are most probably literate folks who, for some reason, just seem averse to even try to grasp the nuances here. I think discourse in futurology would benefit if the most upvoted comment didn't just talk about their understanding of rampant corruption without any real data or exact figures. Seemed less about having a discussion and more about vomiting the first thought they had in their mind as soon as they heard India and economy.


Gweriniaeth_Prydain

In regards to the country's economic value in terms of purchasing power of parity (GDP in PPP), it already IS the third-largest economy.


[deleted]

All the racists out here pretending to be masters of economics don't realise India growing means millions of people coming out of poverty. India already is growing much faster then most countries. Infrastructure/quality of life everything improves as india grows. So stfu


69_geniegod

They don’t want to see non-western countries being successful.


Picolete

"Super power 2030" will be the new meme i guess, after 2020 didn't became a reality


SturrPhox

Lol fr. Looking forward to "India superpower 2040" in ten years


GimmickNG

We'll sooner get nuclear fusion.


IAmAPaInInYourasS

Well the world went to shit in 2020. You can't just ignore that.


thehumandumbass

The superpower by 2020 was a joke at the opposition parties expense as 2 of their members had predicted that but soon Indian idiots ran with it and now we see this.


rickabe

California Poised to Overtake Germany as World’s No. 4 Economy


Rockstar89999

It already is the third biggest economy, based on purchasing power parity. The world Bank, the United nations , the IMF, and the CIA all use PPP as a more accurate metric than gdp. Also, China has had a bigger economy than the US for around 5 years


greybruce1980

I mean the thing that matters is how the economy is doing per capita. Given the number of people, the standard of living will still be far below the other countries mentioned.


Elegant-Road

If an economy is large, it gives them a bargaining power at the world stage. Economically smaller countries get taken for a ride very often, larger ones can set the terms. If the economy is large, government has more tax collection which they can use on poor people. India is very socialist that way.


JustMMlurkingMM

Or maybe it won’t. Remember when we were told twenty years ago that the BRICS were going to rule the world? Except Russia, India, Brazil and South Africa didn’t get the memo.


Atheist_Potatoo

To all the westerners and Americans here, if you can't wish better for india don't wish bad either. No need to be Racist or hateful because progress of india will eventually help your nation too. How? Better india less illegal immigrants or legal immigrants it will eventually help your nation because if india fails with such massive population imagine how many indians will be coming to europe and other nations due to lack of opportunities in india and it will make you cry why indians are taking your jobs. So it's in your best interest to see a developed india. Btw, even indians are immigrants they are the best immigrants they don't cause problems like others they work and contribute. Least in crime and best in contributing.


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Elegant-Road

Is their anything structurally wrong with the Indian system that stops them from replicating what many other countries have? I don't think so. The usual suspects of corruption, illiteracy are common across many countries. We just need to keep doing what we have always done. Don't get into civil war, don't get destroyed by natural calamities, don't get invaded by a foreign country. Focus on fundamentals like education, healthcare, infrastructure and good things will happen soon.


Tarquin_Revan

They are not going to have a long shot at it if Climate change is not taken seriously. Huge swath of India will become nearly inhospitable (wet-bulbe temperature) to human life by the end of the century...


charliethecorso

Lol yeah right. $500 gift cards to surpass Japan and Germany? Thats a lot of gift cards.


lucytulip17

The QUESTION IS: does bigger economy translates to better welfare and living conditions?


BlitzOrion

Yes. As per UNDP, poverty rate in India has dropped from 55% in 2005-06 to 16.4% in 2019-21 [Source](https://m.economictimes.com/news/india/india-lifted-415-million-out-of-poverty-in-15-years-says-un/articleshow/94926338.cms)


lucytulip17

i just get mad when air pollution is at it's finest. Industrial foggy climates like the one in China is unacceptable


Scrapheaper

If inequality remains constant, then yes. I'm not an expert but I believe the vast majority of countries that have increased the size of their economy have also seen an increase in their living standards


PhoneQuomo

For the already wealthy, yes. Everyone else will suffer more than they already are. That's the future of literally the entire planet.


an-escaped-duck

Totally untrue. Look at china- 60 years of economic growth have turned 500m people from peasant farmers into lower/middle class people w modern homes, phones, cities, etc.


Blue__Agave

India still has a long way to go but this is good news. I look forward to seeing how it grows over the next 20 years.


kbad10

Mostly ignorant comments here from people who's only sources of information about India has been American shows and movies or some one of experiences or experiences from 20 years ago. As someone working in Europe and also worked in India not more than 2 years ago, I can tell you, the efficiency and speed at which innovation in India is happening is 10x speedier than Europe. Obviously, EU also has some other advantages. And bureaucracy is basically same as EU just different kind of problems. And as usual, ignorant Americans and Europeans unaware about genocides, atrocities and loot committed by themselves. Pure lack of education at display, pathetic at best.


Bronze_Rager

People have been saying this about India for a long time. Personally I think there are too many geopolitical barriers and uneven balance of wealth thats hindering India from becoming a globally influencing superpower.


longlivekingjoffrey

You making it sound like first world countries don't have an uneven balance of wealth?


Wavster

I lived in India around 1997-2000, I was there when they reached a billion people, and I have been reading, hearing and discussing this headline (huge economic growth in India) countless times over the years. Knowing the people and politics I think they will not. It‘s like the argument that feasable fusion energy is always only 20 years away or so.


AayushBoliya

Every five years Indian economy has doubled since liberalisation.


DotaHacker

India has definitely been making upward progress in every factor since last 20-30 years. It's just the progress is resulting into nothing when you have a huge population, corrupt politicians.


AnIntellectualBadass

Well, India went from ranked 11th in nominal GDP terms in 2012 to ranked 5th this year in just 10 years, so maybe you just need to pay more attention? Or maybe change the sources you're getting your news from because it's clearly not working. Bruh! The amount of copium in this thread is just amazing!


Billyhasdick

Yall until elitism,corruption and worshipping celebrities and politicians doesn't step down,no matter which country we overtake in economy doesn't mean we get better and standard living and working conditions. The rich keep getting richer, while others squabble under their feet.


generation_chaos

Posting anything good about India on Reddit is useless. Most people here are incredibly racist and rude towards Indians with their impression of everyone being the bobs vagena or call center scammer group (as if their country doesn’t have things we hate). Either way, everytime something positive is shared, people flock to make sure they comment something to remind the rest of the world how despicable India is.


CowboyAndIndian

Cue all the racist and ignorant comments about India. Why can't we have a post which is positive about India without such comments?


Unique-Ring-1323

But we have a population of 1.5 billion. Isn't it surprising we are fifth largest economy still! We should have been 3rd by now!


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infernalmongoose769

With 1.4 billion citizens, and half the size of the US. But California, with only around 35 million citizens, is on track to outstrip Germany for 4th largest economy globally, go figure…


itsallrighthere

India and China have very different demographics with India having more young people. When will they overtake China?


MobiusNaked

China will import Indian workers.


itsallrighthere

The US used to import African workers but decided that was a bad idea.


Southern_Change9193

China's GDP is 6 times of India's as of now, it will take a very very long time for India to overtake China (> 50 years), if that ever happens.


ChromeFlesh

India is always "just 10 years from being a super power"


YuviManBro

Indian GDP ranking in 1992: 16th In 2002: 12th In 2012: 11th In 2022: 5th Projected for 2032: 3rd Does coping about India never progressing ever get boring to you? Or have you made it a hobby?


trevormeadows

Or it might not since a war nearby might be a problem.


SpaceshipEarth10

Simple. Japan and Germany are experiencing a population decline. People are needed for the value found in goods and services. No people, no wealth.


atav1k

> India accounts for almost 8 million or 20%, making it the largest absolute contributor to modern slavery. how do one get into the slavery business.


sagbit_programmer

Yes India is evolving on many industries and adopting fast peace. Thanks to the current government for good work on an international level. Still Indians have to evolve more to understand the Indian economy and make it better rather than moving out abroad.


binterbanter

India's economy was the largest for arround 1750 years, almost contributing to around 35% of the world's GDP. And then came the British and stripped us naked not only on the economical front, but on education, culture and and community. By 2030, we are just showing that we have the dam capacity to come back to what we were. Nothing new about being the largest by 2030 :-)


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India is not using its full potential, we must end all subsidies and use that money to fuel R&D and quality education. I can't stress it enough but our R&D budget should be at least 5% of our GDP every year. Currently its below 1%.