India Once Led the World GDP, May Do So Again

January 3rd, 2011
in Background

World GDP History Business Insider:  India led the world in GDP before the industrial revolution, when population meant productivity, and India had the largest population. Following the end of British rule, India entered a long period of economic stagnation.

Click here for larger image.

Follow up:

The future outlook comes from Goldman Sachs, which sees India passing the U.S. economy in 2050, trailing only China as it continues on its way to becoming the world's fastest growing country by 2014.

But to reach this goal, the world's largest democracy will have to stave off threats of price inflation, asset bubbles and civil unrest.

Read more at Business Insider and see slide show: "Amazing Facts about India".

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