India To Overtake China By 2020

India's record in the past decades has covered up the spheres in starvation deaths, foreign aid and bribery. In 2000 it has transformed from a chronic under performer to a potential superpower. The eight predictions that are made for 2020: India will overtake China as the fastest-growing economy in the world.

As per the prediction that is made China will start ageing and suffering from a declining workforce, and therefore will be forced to revalue their currency.

As Japan slows down in the 1990s after looking unstoppable in the 1980s, it is expected that China is also going to face the same thing. Becoming world's second-biggest economy, China's export-oriented model will wear down sharply

In the meantime the poorer Indian states will start catching up with the richer ones. This will take India's GDP growth to 10% by 2020, while China's growth will dip to 7-8%.

Hence, India will become the largest English-speaking nation in the world, overtaking the US. So, the global publishing industry will shift in a big way to India.

By 2000, India has finally secured its position into the nuclear club, and also sanctions against it were lifted. By 2020, Indian companies will act as the major exporters of nuclear equipment, which will create a vital link in the global supply chain. So, India will be in a position to impose nuclear sanctions on others.

In future India, along with the US and Canada, will develop new technology to extract natural gas from gas hydrates — a solidified form of gas lying on ocean floors. Acquiring the biggest power in gas hydrate deposits in the world India will become the biggest global producer. This will enable India to substitute gas for coal in power generation, hugely reducing carbon emissions.

India will also discover enormous deposits of shale gas in its vast shale formations that are running through the Gangetic plain, Assam, Rajasthan and Gujarat. New technology has made the extraction of shale gas economic, so India will also act as a major gas producer and exporter. Therefore, the Iran-India pipeline will be recast, but in reverse form: India will now export gas to Iran.

China has been alarmed at India's rise that has already raised tensions along the Himalayan border. China will be threatened to divert the waters of the Brahmaputra from Tibet to water-scarce northern China.
News From: http://www.Time2timeNews.com