Could Indonesia surpass India on a nominal GDP basis ?

GIBS Information Centre / GIBSIC‘s insight:

Indonesia , India

“Indonesia seems to be on track for consistent GDP growth in the 6-7% per year range. The growth seems balanced and Indonesia has solid youthful demographics. There are projections that India and Brazil will have larger economies than Japan and will be larger economies than Indonesia in 2030.

However, India and Brazil have had more problems with their economic growth recently. India could easily slip back to 3-5% GDP growth with a continually weakening currency.  India’s economy is down to $1.68 trillion on an exchange basis now.”

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