In 2020, China, US or India will have the most economies?

The United States and China are likely to dominate the conversation about the world economy, but India is also starting to experience incredible growth over the past decade. The infinite potential of digital commerce remains strong for the future of India. But is it true that India can overtake the world's most dominant and emerging economy by 2020?

KPT plus test, analyze, and consider with our intellectual students who are reading.

Since 1871, the United States has been the world's largest economy. In 2018, the United States has reached a new level with gross domestic product of over $ 20.5 trillion.

Turning to China, which is emerging as a major player in major economies, was only in second place in 2010. Their economy lags behind the US, with GDP in 2018 at $ 13.4 trillion.

Going back, we look at the list that goes through Japan, Germany, the United Kingdom and France and also sees India in seventh place with a gross domestic product of $ 2 trillion.

Just looking at these figures would seem ridiculous to ask: Can India defeat both the United States and China, the four great powers that lie ahead?

But the real thing in this world must be based on figures and data. While the US economy grew by just 2.9% in 2018, China grew 6.5% and India's 7.4%?

Now that India is at the forefront of the world with this rate of economic growth for many years, it is also expected that it will not continue to become an economic power by 2025?
The real backdrop of India was that after independence from Britain in 1947, it implemented a closed economy that focused on supplying the needs of its country independent of imports.
After decades of widespread poverty, India, 1991, was in serious danger of repaying the last foreign loan, they sought the International Monetary Fund's offer of $ 1.8 billion under state conditions. This stimulates economic reform and eliminates corruption.

India's economic liberalization has created a market that is open to foreign investors' competition, which opens up opportunities for small and medium-sized Indian entrepreneurs who can now receive continued funding from investors around the world.

Some of the regulations and restrictions have also been relaxed, taxes have been reduced and monopolies have been abolished. In 2003, India launched a free market economy in which the country's GDP began to move sharply.
Indian entrepreneurs embrace IT as a big part of their boss's direction. In 2007, IT revenue in India totaled $ 23.5 billion.

In 2018, India's revenue reached 167 billion from IT alone. The rise of technology-based businesses there continues to play an important role in India's economic growth.

What about the analysis?