Goldman Sachs report on India overtaking US by 2050

It may sound incredible but does not seem impossible....bigger miracles have happened...A recently released Goldman Sachs report claims that not only will India be a superpower soon but will overtake the US of A by 2050. Some excerpts...

Productivity growth will help India sustain over 8% growth until 2020 and
become the second largest economy in the world, ahead of the US, by 2050,
Goldman Sachs has said, scaling up estimates of the country's prospects in its
October 2003 research paper widely known as the BRICs report. The original
report had projected that India's GDP would outstrip Japan's by 2032 and that in
30 years, it would be the world's third largest economy after China and the US.
The new report goes one step further by moving India up from No. 3 and No. 2 in
the global sweepstakes of tomorrow.

For the full article, go here..

The Times of India also gets some interesting reactions from people all over the world about the report...One of them, about previous Goldman Sachs reports, is particularly interesting...

This report needs to be taken with a pinch of salt. In 1977 a news article
claimed that India was headed for utter destruction by 2000. The report claimed
that the way India was going on, it would soon become a military dictatorship.
The reporter obviously had no idea of the IT revolution that was to come. By
2000, India was looking better than ever, and now in 2006, it is being touted as
the next superpower. The point that I am trying to make is that it is impossible
to predict what's going to happen 50 years from now. The economists base their
predictions on what is happening today and simply extrapolate today's growth.
But history is littered with failed predictions, which means you can never be
sure of what is going to happen. A war with China/Pakistan, or US/China war or a
war in the Middle East could turn the whole world upside down.

Murtuza USA

Now, they are talking about lynching this guy

So, the guy does stand up comedy and uses the Mahatma as his prop....I say what a BLOODY FANTASTIC idea....

The fact that his delivery isn't as brilliant is the least of his woes....suddenly he is the talk of the town with people talking about taking defamatory action against him...

US based stand-up comedian Gautham Prasad might find himself in the middle of a blazing controversy with crazy, unemployed Indians taking to the streets in Orissa protesting against the Gandhi videos he put on YouTube...and the grandson of Gandhi, Tushar Gandhi asking for legal action to be taken against him....In the process, they will give him more publicty than he would have ever got in his entire career, if the damned video is any indication!!

Though I find the video ABSOLUTELY HORRENDOUS...its soooooooooo flat, I would still support Prasad's right to express (I don't know what else to call it)....

As Indians we REALLY NEED TO lighten up....Gandhi ain't God you people...sure we revere him, but then why expect the rest of the world to do that...

Really back off, go to work or find work if you don't have any...Messrs kalinga sena in bhubhneshwar, Orissa

Taking from one hand and giving to the other...

The Information and Broadcasting ministery has announced some severe funding cuts for the entertainment industry this year. The Hindustan Times reports

"In a list of 27 schemes prepared by the Planning Commission with the help
of the Finance Ministry for discontinuation from the next financial year,
the worst hit are expected to be Film and Television Institute of India
(FTII), Pune and Satyajit Ray Film and Television Institute, Kolkata. Eight
schemes related to the institutes including scholarship and exchange
programme may not get any central funding. The younger generation of film lovers may miss globally well-known cartoons, as the government is also likely to stop funding for the International Documentary, Short and Animation Film Festival. The film had failed to generate much interest among children, an official said."

And what would it be funding instead??

Planning Commission officials said the focus would be equipping media, film and
entertainment industry with new technologies. "We have proposed government help
to set up community radio and television centres. Also covering entire country
with digital television by end of the plan period is another priority of the
government," a commission official said.