India And The World

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<!--QuoteBegin-->QUOTE<!--QuoteEBegin-->Mapping the Global future

http://www.cia.gov/nic/NIC_globaltrend2020.html <!--QuoteEnd--><!--QuoteEEnd-->
India GDP will exceed Today's Rich Countries
Italy -2012
France - 2020
Germany - 2023
Japan - 2033
<!--QuoteBegin-->QUOTE<!--QuoteEBegin-->This enormous work force—a growing portion of which will be well educated—will be an attractive, competitive source of low-cost labor at the same time that technological innovation is expanding the range of globally mobile occupations<!--QuoteEnd--><!--QuoteEEnd-->
I am not sure this low-cost labor will stay low in future.
Unstable political situation can reverse wheel.
If Commies stay in power for another 10years, it may take much longer to achieve this GDP target.

<!--QuoteBegin-->QUOTE<!--QuoteEBegin-->In India, although much of the west and south may have a large middle class by 2020, a number of regions such as Bihar, Uttar Pradesh, and Orissa will remain underdeveloped. <!--QuoteEnd--><!--QuoteEEnd-->
This will halt India's progress. Will be source of religious and caste based riots. They will make India, World's punching bag.

<!--QuoteBegin-->QUOTE<!--QuoteEBegin-->Studies show that household incomes drop by 50 to 80 percent when key earners become infected.  In “second wave” HIV/AIDS countries—Nigeria, Ethiopia, Russia, India, China, Brazil, Ukraine, and the Central Asian states—the disease will continue to spread beyond traditional high-risk groups into the general population. <!--QuoteEnd--><!--QuoteEEnd-->
Another problem area, Indian government is still ignoring. Can halt India's progress.
<!--QuoteBegin-->QUOTE<!--QuoteEBegin-->In terms of capital flows, rising Asia may still accumulate large currency reserves—currently $850 billion in Japan, $500 billion in China, $190 billion in Korea, and $120 million in India, or collectively three-quarters of global reserves—but the percentage held in dollars will fall.  A basket of reserve currencies including the yen, renminbi, and possibly <b>rupee</b> probably will become standard practice<!--QuoteEnd--><!--QuoteEEnd-->
What about Euro?

<!--QuoteBegin-->QUOTE<!--QuoteEBegin--> A new, more Asian cultural identity is likely to be rapidly packaged and distributed as incomes rise and communications networks spread. Korean pop singers are already the rage in Japan, Japanese anime have many fans in China, and Chinese kung-fu movies and <b>Bollywood song-and-dance epics are viewed throughout Asia</b>.  Even Hollywood has begun to reflect these Asian influences—an effect that is likely to accelerate through 2020<!--QuoteEnd--><!--QuoteEEnd-->
It is possible.

<!--QuoteBegin-->QUOTE<!--QuoteEBegin-->Some experts believe it is only a matter of time before a new pandemic appears, such as the 1918–1919 influenza virus that killed an estimated 20 million worldwide.  Such a pandemic in megacities of the developing world with poor health-care systems—in Sub-Saharan Africa, China, India, Bangladesh or Pakistan—would be devastating and could spread rapidly throughout the world. <!--QuoteEnd--><!--QuoteEEnd-->
To derail development, West can create pandemic.
Last bird flu failed to retard China development, yes there was some problems which lasted for 2 months.