New Delhi: India is poised to take over the
developed countries to emerge at the top of the heap in the
global economic superpower league by 2030, says a survey.
More than half of the respondents (53 per cent) of a
survey commissioned by London-based independent think-tank
Legatum Institute said India is likely to be the world's most
important economic power by 2030.
According to the respondents of the survey, India is now
on course to outstrip developed nations such as -- the USA,
Japan, Germany and the fast-emerging economic giant China over
the next two decades.
The survey, which questioned nearly 2,400 Indian senior
managers, entrepreneurs and aspiring entrepreneurs said the
levels of confidence among the country's wealth-creators is
very high, with nearly nine in ten saying they expected India
to be in a stronger economic position in the next five years.
Only one in five said the world economic crisis had badly
affected business in India, the survey said.
India is already moving up the economic league tables as
the 12th largest economy in the world, as per the World Bank.
Besides, it also ranked 45th in the internationally
respected 2009 Legatum Prosperity Index -- which embraces
social and political data to provide a wider measure of
First Published: Wednesday, December 16, 2009, 20:22