India Will Have a Larger Economy Than The UK In a Decade

According to Goldman Sachs, India may pass the United State economy in size in the mid of 2040s, which China is expected to pass in 2030s, it implies that by 2050s the US will be the third largest economy in the world. India seems likely to pass Italy around 2012, France 2015 and the UK 2016. The same was reflected by the acquisition of Corus by Tata, which will become the 5th largest steel company with annual output of around 25mn tons. The RBI governor Y V Reddy told that the Indian corporate confidence level was highly presently and with the economy strong sign of competitiveness, and high productivity, corporate confidence is warranted.