United States will drop to become the world's THIRD biggest economy behind China and India by 2030, new financial rankings suggest



America will fall to number three on the list of the world's largest economies behind China and India, a British financial services firm is predicting.


China will overtake the United States as the world’s largest economy in a decade’s time while India will assume second place, according to Standard Chartered, which unveils its annual rankings of the world’s ten largest economies.


It predicts that America will fall to third on the list behind the two Asian giants by 2030, according to Fox Business.


The firm predicts that the new global order will see current emerging markets occupy seven of the top 10 spots.


While America is expected to trail behind China and India, Indonesia will vault into the fourth slot.


‘Our long-term growth forecasts are underpinned by one key principle: countries’ share of world GDP should eventually converge with their share of the world’s population, driven by the convergence of per-capita GDP between advanced and emerging economies,’ Standard Chartered economists write in their study.


The size of a country’s economy is determined by gross domestic product (GDP), which measures the market value of all the final goods and services produced in a period of time.


Standard Chartered predicts that Turkey will round out the top 5.


Brazil is the only Latin American country in the top 10. It is predicted to be the sixth largest economy by 2030, with a GDP of $8.6trillion.


Egypt is the only Middle Eastern country on the list. It is predicted to have the seventh largest economy with a GDP of $8.2trillion.


Russia is slated to be the eighth largest economy with a GDP of $7.9trillion.


Japan and Germany fall down in the rankings. The Asian giant finishes in ninth with a GDP of $7.2trillion while Germany rounds out the top 10 at $6.9trillion.


The countries that are currently in the top 10 - and which are predicted to fall out of the rankings - are the United Kingdom, Italy, France, and Canada.


India forecast its economy will grow more than 7 per cent in the current financial year ending in March, giving some relief to Prime Minister Narendra Modi who seeks a second term in national elections to be held by May.


Annual economic growth had fallen to a worse-than-expected 7.1 per cent in the July-September quarter, from 8.2 per cent in the previous quarter, dragged down by a slower consumer spending and farm growth, posing a risk to Modi who plans a populist budget to win back voters.

受消费支出和农业增长放缓的拖累,7 - 9月当季印度经济同比增长7.1%,低于预期,低于前一季度的8.2%。这对莫迪构成了风险,他计划制定民粹主义预算,以赢回选民。

With the fall in global crude oil prices and strengthening of the rupee in recent weeks, the Modi administration plans to prop up rural demand through higher state spending and a financial package for farmers in the annual budget to be presented on February 1.


Gross domestic product is estimated to grow 7.2 per cent in 2018/19, faster than a provisional 6.7 per cent growth in 2017/18, Ministry of Statistics said in a statement.

Manufacturing is now forecast to grow 8.3 per cent this fiscal year compared with 5.7 per cent in the previous year.

Farm output may grow 3.8 per cent, up from 3.4 per cent.

印度国家统计局在一份声明中表示,预计2018 /19年度GDP将增长7.2%,高于2017/18年度的6.7%。目前预计,本财年制造业将增长8.3%,而上一财年为5.7%。




译文来源:三泰虎 http://www.santaihu.com/46851.html   译者:Jessica.Wu


Nitish Singh, Hyderabad, India, 8 minutes ago

Now, the right time has come to destroy Britain for colonial oppression of India.



Mr Happy Man, Snohomish, United States, 3 hours ago

I take this with a grain of salt.



Sumit Bhattacharjee, Mumbai, India, 2 hours ago

Caste system wont stop India becoming a great power. India and China economically ruled the world over 2 millenniums. This will happen again.



Doc Hilliard, San Diego, United States, 4 hours ago

Get off the Dole and go to work.;



Flechette, New York, United Kingdom, 5 hours ago

You can bet that if China becomes #1 they won't be as generous as the USA was.



Sumit Bhattacharjee, Mumbai, India, 2 hours ago

China is already world's largest economy by GDP Purchasing Power Parity. Check IMF report.



Danny0101, Alt-Right Snowflake Territory, United Kingdom, 6 hours ago

Assuming that China grows 14% every year and India grows 27% every year. I am going to call bs. Neither country has such growth rates.



Zone195, LandoftheFree, United States, 6 hours ago

Whoever produces the goods begets economic power, because production creates wealth, it builds entrepreneurship. America is building China¿s economy for decades thru free trades (NAFTA) and we are to blame.



Saji Antony, Fair Lawn, United States, 6 hours ago

These calculations are based on PPP. In fact almost all economists consider PPP as the correct calculation. China is already the largest economy in PPP terms (25.3T), India is 10.39T, US is 20.66t and Britain luckily due to PPP calculation has a 3T economy (in dollar exchange rate it is 2.9T).



Truth_is_here, Truthville, United States, 7 hours ago

If Liberals continue to gain and win in 2020 you can count on the US getting to 3rd place earlier then that. The Dems have no idea how to make money or build industry.



tsicby, Plano, 8 hours ago

lol. I hope India is able to reach such stratospheric GDP numbers but I am very skeptical that a country with virtually no natural resources or R&D, no bonafide justice system, no infrastructure or a middle class, etc. could get there in 10 short years. Me thinks the author of the study hasn't done their homework. It wasn't that long ago that the GDP of Texas was larger than India.



shade, Indianapolis, 8 hours ago

This won't happen if we can keep the liberals slimy little hands off the economy. Unfortunately there are plenty of idiots that still vote for them.



Elixer, De Soto, 8 hours ago

It's all in the new inventions, patents and Ideas. China and India just copy. They don't discover new products.



TheMark1, Anchorage, United States, 9 hours ago

I'm old enough to remember that China was supposed to overtake the US by 2020.



MaryJoKopecne, Tijeras, 10 hours ago

Maybe, BUT this ranking system does not and cannot take into account what innovations are coming in the next 10 years. Ask yourself this: What world changing innovations have China or India created in the last 10 years? On the other hand, which planet changing innovations have come out of the US in the last 10 years?



khawk, Katy, United States, 11 hours ago

Pure propaganda



Richard Poor, Lancaster, United States, 11 hours ago

And we all keep buying billions of dollars of useless junk from China every day.



Paul Silvey, Dallas, United States, 12 hours ago

This article oozes of stupidity. The official exchange rate GDP for China is 12.01 trillion. The official exchange rate of India is 2.6 trillion. The official exchange rate of USA is 19.49 trillion. How is India's economy going to grow 760% in 11 years? China would need to grow by almost 200% and that is assumming the other economies whom they depend upon because they are an export econmy do not turn them off. Than there is the EU which is 17.1 trillion official exchange rate GDP. No wonder the masses are so ignorgant; it is because they are being trained by the ignorgant media who know very little about economic things.



David, Commuter Belt, United Kingdom, 12 hours ago

Why would India's economy have to grow 760%? Is it not possible for the US economy to contract?

@Paul Silvey为什么印度经济一定要增长760%?美国经济就不会萎缩吗?


David, Commuter Belt, United Kingdom, 12 hours ago

I can totally believe this. Much of the east coast of China has incredible infrastructure (which is future proofed by building big) an an orderly hard working population. In many ways they are ahead of the UK . Of course there are areas that are poor but most of the people I talk to have never been and buy into a stereotype. If you have never been go and see Shanghai or Bejing and you will have your stereotypes blown away.



MidwestinNW, Seattle, United States, 12 hours ago

China overtake the US - highly unlikely at current growth rates in 10 years. India ? Impossible. Their nominal GDP is one tenth of the US.



blisterpeanuts, Boston, United States, 11 hours ago

US economic growth rates are >3% under Trump. Might hit 5% by 2020. Meanwhile China's is slowing from 8% to 6% (possibly worse than reported in fact).



Sue Ridge , The Ganges River, India, 13 hours ago

Where's big bad Britain??



MarkD, Formerly Syracuse, United States, 13 hours ago

In the 1980s, Japan was going to rule the world.



the_UK_reader, London, United Kingdom, 13 hours ago

Hahaha, what's about 2130? Any ideas? Ridiculous...



yagermeister55, Stockholm, Sweden, 13 hours ago

Basically the more people you have the bigger the economy. Doesn't mean those people are better off than smaller countries. But China and India have a ridiculous amount of people. Each one has more people than all of Europe US Canada and Brazil combined. And India manages to do it with a 3rd of the size of Europe/US.



Weihan Xingqi, Los Angeles, United States, 14 hours ago

Em, if the open-borders Democrats get their way, by 2030 the USA will be Guatemala North, so make that the 145th strongest economy?



rwisrael, breezy point NY, United States, 14 hours ago

The US economy has been predicted to be overtaken by other countries since the 70s . As long as we don't regulate our selves to death , we will remain ahead.



WeToldYou, in stormy, United States, 14 hours ago




Ismellarat, Somewhere, United States, 14 hours ago

Not gonna happen.



enoon, Erewhon, United Kingdom, 14 hours ago

Not if Trump gets reelected it won't.



Say When..., Bs. As., Argentina, 15 hours ago

The United States will not let that happen.


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