Mr.Jeffrey D Sachs is of the opinion that by the mid of this century india will overtake USA in absolute size. I find his comments pessimistic, In my opinion this would happen much faster, may be by 2020. The reasons for my optimism are as under :- 1. One can assume that india will grow at n% and USA also at say (n-m)%. But, both of these assumptions will be beyond anyone assumptions. US may degrow at certain rates and india will grow at a very fast pace. 2. Most of USA's properity is due to the artifitially high $ rate.At the most, within next 10 years, this is going to disappear. This will change the entire business scnario of the world. 3. Indians, when work at their own speed, no one in the world will be in a position to compete with them.
Hence, all this is going to happen faster than any of these expets predict.
