GDP of India from 1500-2002 AD

[Ironduke]

Originally posted by Praxus
Forgot about that.

At anyrate there is no way they could catch up at the rates I specified.

I figured it out on calculator, they can, if growth rates remained constant at 2.5 and 10%.

The growth rate isn't simple, it's compound. Kind of like when you have your money in the bank, you earn interest on your interest.

After 50 years of 2.5% economic growth, starting at 10 trillion dollars, US ecnonomy would be 34 trillion dollars.

After 50 years of 10% economic growth, starting at 1.2 trillion dollars, Chinese economy would be 140 trillion dollars.

[Praxus]

Yes I know I just proved myself wrong, read my last post.

[Jay]

Anyway after years of growth, there occurs tapering in GDP So we should make sure that our infrastructure and Human development index wud be at par with the western nations at that time!!

[Ironduke]

Originally posted by Praxus
Yes I know I just proved myself wrong, read my last post.

I was distracted, it took me 15+ minutes to write my last post :)