Sunday, January 17, 2021

Startups To Fuel Indian Rise As Country Set Emerge Third-Largest Economy By 2029

India could eclipse Japan in terms of GDP in 2029 to become the world’s third-largest economy, the Japan Center for Economic Research says, as the urban population and tech industry propel growth in the country, reports the Nikki Asian Review.

Chinese Hypersonic Missile To Specifically Check US, Indian Threats

India’s economy, presently about half the size of Japan’s, is destined to touch approximately $10 trillion by 2035, according to JCER’s latest annual Medium-Term Forecast on Asian Economies. Japan’s GDP was estimated at $4.9 trillion by the World Bank in 2018.

The populations of Mumbai and New Delhi are anticipated to jump by more than 40% over the 20-year period ending in 2035. Mumbai will emerge the fourth-largest city globally in terms of residents, with New Delhi ranking fifth.

The growth of India’s startup businesses will fuel the nation’s economy as well. Indian cities host nearly 10% of 115 unlisted startups globally that offer encouraging growth prospects but have valuations below $1 billion.

Climate Change a Big Threat to Indian Economy: World Bank

JCER forecasted the GDP in 2035 for 81 major cities in 15 nations and regions. Five U.S. cities ranked near the top in the estimates, with New York taking the No. 1 spot. Tokyo came in second, while Osaka was projected as No. 10.

No Chinese city made the 2015 rankings in terms of GDP. But for 2035, JCER calculated that Shanghai will rise to fourth place while Beijing and Shenzhen will rank fifth and seventh, respectively.

Via: Nikkei Asian Review


India’s LCA Tejas ‘Definitely Better’ Than Russian Su-30MKI Fighter Jets? Expert Analysis

As India takes a great leap forward with a mega deal on home-grown Tejas Light Combat Aircraft (LCA), the question is how would they...

Declassified Report Shows How US Wants To Co-Opt India Into Its Anti-China Strategy ‘For Next 50 Years’

The US has declassified a confidential report highlighting the importance of India in the Indo-Pacific and how Washington plans to decimate China in the...

Are Hypersonic Weapons Really ‘Super-Dupers’ And The Next Big Thing In The Global Arms Race?

Are hypersonic weapons really the next big thing in the global arms race? Two American scientists have busted the 'myth' surrounding hypersonic weapons that...

Greek Parliament Approves Rafale Fighter Jet Deal From France

The much-speculated deal between France and Greece for Rafale fighter jets is expected to be signed soon. The Greek lawmakers have given a nod...

Why Should Pakistan Be ‘Very Worried’ By India’s New Role At The UN Security Council?

India, which has begun its stint as a non-permanent member of the UN Security Council for 2021-22, will be chairing three key UN sanctions...