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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: Knighty Tin who wrote (5176)4/28/2004 3:02:23 PM
From: Robert Douglas  Read Replies (4) of 116555
 
but 6% a year growth for the next 50 years with no let up?

Well, let's think this through. India's current GDP per capita is about $2,500 if this grows 6% for 50 years, it'll be $46,000. The U.S. ,if memory serves, is just south of $40,000 currently. So in other words, that growth would bring India's per capita GDP to the current U.S. in half a century. Unthinkable? Who's to say?
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