06-01-2005, 07:41 PM
<b>India will be third largest economy in 25 years:</b> Report<!--QuoteBegin-->QUOTE<!--QuoteEBegin-->India will surpass Japan to become the world's third largest economy within 25 years, says a research report by a leading American economist.
William T Wilson, chief economist for Keystone India which facilitates the flow of trade and investment between the US and India, said: "Demographics and economic reform are driving India's growth."
The Indian economy will be the third largest after the US and China in another 25 years, he said.
<b>"With half the population under the age of 25, India will have the youngest labour force in the world, and its population is expected to exceed China's by 2030."</b>
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William T Wilson, chief economist for Keystone India which facilitates the flow of trade and investment between the US and India, said: "Demographics and economic reform are driving India's growth."
The Indian economy will be the third largest after the US and China in another 25 years, he said.
<b>"With half the population under the age of 25, India will have the youngest labour force in the world, and its population is expected to exceed China's by 2030."</b>
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