Indian Economy
Standard Chartered in its recent Super-Cycle Report projected that India is likely to become the third largest economy by 2030 behind China and the USA in the midst of an economic "super-cycle", which is a time span of historically high global growth, lasting a generation or more, driven by opening up of new markets, increasing trade, high rates of investment, urbanization and technological innovation. The report revealed that India is likely to be the third largest economy with a GDP size of USD 15 trillion. China with a GDP of USD 53.8 trillion is projected as the biggest economy, followed by the US at USD 38.5 trillion. Though slowdown in some major emerging economies is a concern, a modest set of reforms could trigger a growth revival in several large emerging economies, including China, India, Indonesia, Nigeria and Brazil.

Indian policy makers appear to be responding to the concerns, with monetary policy now firmly signaling an anti-inflation stance and measures being taken to address the funding of the large current account deficit and that researchers also remain optimistic that the focus on reforms will pick up pace once the election cycle is out of the way. Stating that "the super-cycle is transforming the world economy as the share of emerging market economies could rise to 63% of world GDP by 2030 from 38% currently. Economies with growth rates of over four% - primarily emerging economies - now account for 37% of the world GDP, up from 20% in 1980. Their share is set to reach 56% by 2030, Standard Chartered said, adding that Asia (excluding Japan) is likely to account for two-fifths of global GDP by 2030. It expects global growth to pick up in 2014-17 as emerging markets implement reforms and developed markets finish restoring balance sheets. Global growth is set to average 3.5% for 2000-30, well above the 3 per cent rate for 1973-2000.