Of course this will be true if planet Earth has infinite resources. But with ever shrinking natural resources and dwindling arable lands due to massive consumption and overfarming, in 2050, most likely, India will collapse and break into many state nations. When a nation has a big population and has limit resources to support them, they will fight against each others for survival.
I think human beings eat/consume 21 million Tons of food everyday. Which comes to 7.6 billion Tons food consumed every year. There are 7 billion people on Earth and let us assume each person weighs 100 kg. So total human weight is 700 million Tons. If each person consumes/eats 3% of body weight each day or 3% of 700 million tons that would be 21 million Tons food per day. I think each world trade center building (9/11) weighed 500,000 Tons. So human beings eat 15,200 world trade center buildings each year. I mean people eat food equivalent/equal to 15,200 WTC buildings. If food cost is $1 per kg or $1000 per Ton, the world food business is $8 Trillion to $12 Trillion per year (estimated). Correct me if I am wrong?
Irrelevant reminder: About half of ET is going to be fucking DEAD by 2050, so what exactly are we worrying about?
India has lot of problems- It is noisy, smelly, polluted, roads are broken, overpopulated, illiterate, poverty is widespread..name any problem-India has it ! But inspite of all this, the country has managed to grow by 9% p.a. 8% GDP growth is now a default growth rate of India and they are trying to push it towards 10% p.a. It is good Indians are getting richer..but when you ask young Indians, they still want to migrate abroad and leave India.
Dear, when you have something close to 0, it is not hard to double it. Have you seen a video that an Indian catching rats for a living, his pay is the rat he caught. Only thing for him to contribute in doubling gdp is to catch twice as many rats. Indian elites do not even identify their sources of problems, let along finding a solution. Indian elites seems to cling on the illusion that India is going to be another China or better than China, simply because India has same population scale as China. Their points and arguments often become ridiculous to everyone else except themselves. I would not be superised this 'research' iposted by OP was done by some Indians working in Citi Bank. Investors are voting their confidence with feet: http://www.nytimes.com/2011/02/25/business/global/25rupee.html?src=busln
Kudos buddy...quite a good comprehensive knowledge you have. I was reading an UN report where they said the world needs to produce more food in the next 30 years as compared to collectively it has produced till 2010. China has 25% of world population and India has 16% of world population- Both countries have 41% of world population- This is mindless reproduction. China is doing well with a one child policy while India is reproducing mindlessly specially in Indian villages where Indian woman procreate 8 kids. World needs to put pressure on India to adopt one child policy. The main problem is Indian villages where illiterate people reproduce year after year.
Nobody pointed out my big mistake that there are elderly people and children who weigh less and eat less. So let us assume there are 4 billion people each weighing 100 kg. Total human weight is 400 million Tons. 3% of 400 million is 12 million tons per day = 4.4 billion Tons per year = 8800 world trade center buildings. If food cost is $1 per kg or $1000 per Ton, the world food business is $4 Trillion or $5 Trillion per year (estimated).
You all realize that economists "studying lots of data" just means they looked at it, calculated a growth rate and extrapolated that into the future right?