How India Will Take Over The World Economy In 10 Years
Published: 2023-01-20
Status:
Available
|
Analyzed
Published: 2023-01-20
Status:
Available
|
Analyzed
Predictions from this Video
Incorrect: 0
Prediction
Topic
Status
India is predicted to be the third largest economy globally by 2027, overtaking Japan and Germany.
"India is on track to become the world's third largest economy by 2027 surpassing both Japan and Germany."
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India's stock market is projected to be the third largest in the world by 2030.
"and they'll have the third largest stock market by the year 2030."
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India's GDP is forecasted to more than double from $3.5 trillion to over $7.5 trillion by 2031.
"India's GDP could more than double from $3.5 trillion that it's at today to over 7.5 trillion by the year 2031."
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The Bombay Stock Exchange is predicted to grow at an average of 11% annually, reaching a $10 trillion market cap.
"the Bombay Stock Exchange, which is India's stock market, could grow at 11% per year on average until they reach a $10 trillion market cap."
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India's stock market is expected to outperform the US stock market in the next decade.
"India's stock market could outperform the US's over the next decade."
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Artificial intelligence is predicted to become widespread.
"artificial intelligence, for example, will pop up everywhere."
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The crypto winter is expected to persist.
"Apparently, the crypto winter will continue."
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The risk of a global recession remains high due to increasing and sustained interest rates.
"global recession risk is still high thanks to interest rates increasing and staying that way for the rest of the year."
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Global GDP is projected to grow between 1.5% and 2% due to a slowdown in economic growth.
"real global GDP will be between 1.5 to 2% thanks to the slowdown in economic growth."
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India is predicted to have a very strong year economically.
"And India will have a really strong year."
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India is expected to be among the top three economies globally in generating over $400 billion in annual economic output growth starting from 2023, increasing to over $500 billion after 2028.
"India will be one of only three economies in the world that can generate more than $400 billion in annual economic output growth from 2023 onward and this will rise to more than 500 billion after 2028."
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US GDP is predicted to grow by 2% in 2023, even with a potential recession.
"And this year in 2023, if there's a recession, which most people seem to believe there will be, economists are predicting that 2023 the US GDP will grow. 2%."
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US GDP is projected to grow by 1.7% in 2024, indicating a recovery.
"And it won't even recover until 2024 when we will grow 1.7%."
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China's economic growth was only 3% in 2022.
"China by comparison, which is usually the global leader in economic growth, grew only 3% in 2022."
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India is projected to grow by 6%.
"India by comparison though is going to grow 6%."
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India's manufacturing sector is expected to contribute 21% of its GDP by 2031.
"India's manufacturing is set to increase to 21% of their GDP by the year 2031."
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The number of Indian households earning $35,000 annually is projected to increase from 5.66 million to over 25 million by 2031.
"the amount of households making $35,000 a year will go up from 5.6 6 million households to over 25 million households by the year 2031."
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At least two-thirds of India's energy consumption is expected to be derived from renewable sources.
"at least 2/3 of India's energy consumption will come from renewable energy sources."
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A $1 million investment in India's stock market in December 1992 would be worth $8.2 million today.
"if you had taken that same million and put it into India's stock market, today you would have $8.2 million."
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A $1 million investment in the US stock market in December 1992 would be worth approximately $9.2 million today.
"if you had invested $1 million into the US stock market in December of 1992, today you would have roughly $9.2 million."
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The US stock market has historically averaged 9.15% annual returns, including dividends.
"the US stock market has averaged 9.15% including dividends."
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The US stock market saw an 18.4% increase in 2020.
"the US stock market went up 18.4%."
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The US stock market has historically outperformed even with China's significant growth.
"the US stock market still did better."
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The US stock market (specifically VO) has averaged annual returns between 7% and 9%.
"the US stock market, which refers to this stock right here, VO, has averaged between 7 to 9% per year."
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