U.S. projected to fall as world's economic leader
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- Опубликовано: 6 сен 2024
- A new report from Standard Chartered Bank says the U.S. will not be the world's economic leader by the year 2030. Instead, China and India will take the top two spots. CBS business analyst Jill Schlesinger joins CBSN AM to discuss what it means for the U.S.
Fun fact: China and India contributed 60% of the world's economy from year from AD1 to AD1800.
I also think that what is the pride of these western thieves?
History will repeat once again 😃
@@ADITYAKUMAR-mb5ht yes bro 🙂
@@Demoneyes031 fun fact 2- they were playing no 1 & no 2 game but very peacefully
Fun Fact: China and India built Silicon Valley from 2001 - present.
When India became independent in 1947 it was the poster child of 3rd world poverty. 400 years of colonization had left it practically de-industrialized with an enormous illiterate and sickly population composed of people of a 1000 different ethnicities and languages with very little commonalities between them. There was a very real chance of it becoming just another banana republic or worse breakup up into a 1000 different states and kingdoms again. Just the fact that the people of this country could put aside all their differences and claw back to where they are now in less than 3 quarters of a century is nothing less than remarkable. Uniting a land thousands of times more diverse and almost the size of Europe into a single nation and then make it an economic success while at the same time fighting internal as well as external threats which would cause most countries to implode under its own weight is no mean feat.
MegaRazzzz wow! That’s the best way of putting it!
Jai Hind
Vande Mataram
Nailed it
5 wars ....Economic sanctions by america....Division of India (People had to leave everything behind )....Huge uneducted poor population (population is good for a country if the people contribute to economy otherwise they are burden)...
India was united at the time of Mauryan empire and then Marathas after Mughals and other kingdoms in the past.
It's always others telling Indians that India didn't existed before when Indians themselves claim they are one no matter what.
China and India are undoubtedly the most inspiring success stories.
The journey from poor to the largest economies( in just around 70 years).
Sorry to say India need more 10 years to say this
@@ranjitjena9540 india is democracy. And you know? " Slow and steady wins the race ".
Rich to.poor to rich again.
@@MrBiot true
I am not sure India is really on par with China's development .
Go ahead India !love from China !
Just like old days....
Same 2 you bro ......i wish China n India grow up together to the top ....i know ur common people r really good humans but ur government is evil ..love u people♥♥🇮🇳
@Abhikrishna ps Abhikrishna ps don, t need to figth my friend, talk honestly and together to solve small problem at border! The nationalisme on both side are dangerous! Hoop our leader kan solve peacefuly and one time forever
@@jackchen5232 dont eat street dogs my friend
@@k-m2574 hahah we eat not more dogs man, we everyday progress,! After 10 years u will not more recognise chinese, haha! We learn all good thing in the world from everculture!
Just imagine India consider as a poor country and their economy might surpass USA in next 10 years. 10 years back it seemed almost impossible, good job India 👏👏👏
@Adam Buentello Well India was no1 economy from 0BC - 1700AD with most economists across world, putting India share of world GDP from 25-30%, then British came, looted all its massive gold & wealth, deindustrialized India, killed million in man made famines, made india into a global poverty poster boy when they left.
Guess who Owned East India Company, under british banner - heard the name rothschild.
It is estimated by a British & American economist, the total wealth looted/drained out of India by british in current terms is $45 Trillion, somemultiple times current USA total wealth.
India will rebound & reclaim its spot in No1 position, china has weak macro lvl strength in economy, sonner or later it will go bust.
@DILSHAN HADI first attack pakistan back Don't ask US help and wats it about Rafeal
@DILSHAN HADI Abey you go to border you spike so much of India looser..First control your borders
@Adam Buentello India was. Why do you think Brits came to loot us in the first place ?
They looted us so badly that millions died in Bengal famine. But now Indians are working hard and trying to bring back India to it's original glory.
It means we will cross America as size of economy in terms of purchasing power. We are 5 times more populates than US. Obvlsy we will cross them but it doesnt mean we will be a develop country. In todays term, development means amount of research in the country. We are far lagging in that areea. We are still exporting all tech from US europe.
Congrats China, India, Indonesia and other Asian countries.. Make Asia Great Again!!!! from the Pearl of Orient Seas, Philippines
Yass! We can do it together!
Power and love to u!
How much you get paid by Xi?
@@AZ-gq6cl isa kang bobo, acdg to atty gadon
I wonder what was the name of the Philippines before if was named upon Spain's king ???
Indonesia
Actually Indonesia is a rich country.
Just before the colonial era, many of our assets were seized by western nations.
And after independence, America borrowed 50,0000 tons of our gold bars to build America.
As a guarantee ... America will support Indonesia in all fields. Starting from the military, economy and business.
America used to consider Indonesia not yet time to move forward. If the gold bar is used, building Indonesia will suffer a loss. So America flirts with all means including via g30spki.
They make plays in our country.
They beat sheep. Through the CIA.
But the government is silent because CiA is really smooth.
Well ... When American president Kennedy met Sukarno in America.
They made a secret agreement. The ANTI SECRET SOCIETY catchphrase.
What I know is that the agreement will return the gold bar back to Indonesia. BUT UNFORTUNATELY HAPPY. Kennedy was killed by the SECRET SOCIETY group which did not want an Asian country to surpass America, namely Indonesia.
There are not many facts about this. But it was diverted by Western Media. Until now Indonesian assets are still in America. And this is the task of our president later.
There is an Indonesian slogan of Asian tigers sleeping. It is true.
Just waiting for time. Aja.
How these countries see same folks
Chinese : Smart
India : Intelligent
US : Nerd
Hiccup Indonesia: Bali
Good thing for India! Not so good for China! China has some very bad and evil plans to take over the world if it becomes too powerful!
Hiccup
Not really like that at all. You’re probably watching to much tv. I’ve been living and working in Korea for about 5 years. I’ve also been traveling Asia as well. It all stems from the adults in the previous generations.
Nerd and arrogant
India: average iq 85-90/ so intelligent
Moral of the story is HISTORY REPEATS ITSELF....LOOTERS (BRITAIN) will again ....nowhere before INDIA...💪💪😏😏love u motherland INDIA..😘😘
And again British will come and loot india
India is still gonna be poor
@@unitedstatesofamerica4737 not anymore. We have learnt well from our mistake
@@afsanakhan7071 our mistakes?….we have grown from the trauma of cruel western colonisation and exploitation….100 year of exploitation and after just 80 years we are almost there. UK and USA had centuries of autonomy, but still lagging behind
@@nickn9244 india and china always majority poor
US investment strategy=war, war, war
Others= Education, Technologies.✌🏿
I, too, oppose our never-ending war policy. But when it comes to technology, America is far and away the world leader and is pulling away from the rest of the world in this respect.
Joseph Van Zandt You both are stupid, look at the Growth under obama it was none existent
War=New technology.
pretty soon well be eating cats and dogs. good bye meows
We’re do you think our technology comes from, war, how was GPS created?
Surprisingly Indonesia surpass mostly European Nations as predicted shown in 2030. Hoping for a continuous economic growth in South East Asia. Good luck Indonesia.... greetings from your neighbor country Philippines
Philippines Will be the biggest economy on earth , congrat from Indonesia
ASEAN will be new Europe
Because indonesia has a huge population and a big country
Indonesian are hard working, reliable, and smart people. Indonesia is a nation with much natural resources - a magnet for Western colonialism which the Indonesian are only too well familiar and want not to repeat history.
Fun fact - Indonesia means INDIAN ISLANDS 🤣😂🤗
Just like the old times when Indo-China were the big elephants in GDP woods.
This is their right spot which they deserve unquestionably.
@Adam Buentello *western looters looted them , now they are reclaiming!*
@Adam Buentello lol India and Chinese never went out killing others for lands you should know that
@@bchow4635 India in Kashmir, China in indochina.... these are just a few exemples
No economic data in old times, ancient GDP is just based on population size. Over-simplified.
@@daanh9914 Idiot Kashmir is part of India since it's foundation by Kashyap rushi. even Pakistan is part of India. Pakistan & India contains same ethnic groups but different religion.
These are the same people who spend their money to visit India to find happiness... 😂🤣😂
@John Doe
Lol
😂😂😂😂😂
@Ankit Tiwari ok scammers
@@lightr2187 where are you from
Lol happiness in india and china is impossible, nobody smiles
@@lightr2187 jim browning, scam baiter 😊
As an indian I can tell u that in India parents actually put pressure on their children studies because of large population the chances of getting job is reduced!!
So that's why indian and Chinese are more focused in studies!!!
I myself got 78 in maths out of 100 and my parents really get angered on me and they thretened me too
That's a repressed childhood, and it will catch up to you eventually, you are pretty much seeding generational trauma, when your belly is consistently full you have more time to address other issues, there is a hierarchy of needs, obviously, basic needs come first like food and shelter, and psychological needs are secondary. Maybe you didn't rebel but your children may rebel or your children's children. It's basic psychology. Science and math is not everything, you may actually be seeding future NEETs, as here in the USA or Hikikomoris of Japan, its actually worldwide thing...
@@HumbleNarcissist0 Yeah better than being on weed and dozing all day
At least we do something, There is a saying in India: When you will do hard work early, you will live twice peacefully in the future but when you live " peacefully " early, you'd have to work twice as HARD in the future.
That's what we Indians do, First, we work, then we chill unlike you - who still debates on whether the earth is flat or not lmfao.
Also, We have FOOD AND SHELTER. Funnily enough, People in India are less homeless when compared to a so-called " first world country " UnIteD StaTes oF America ( Per capita ) And the trauma we face in the past brings us a good future which prevents us from the same trauma that Americans have to go through by paying debts and then, shooting schools.
@@lunam33 That's a repressed childhood according to your standards. Here it is the norm and we are used to it and have been used to it for generations. These psych theories are culture specific and were based on Western population as samples. Different cultures have different way of dealing with stress or pressure as you call it. On a lighter note you should watch Russell Peter's "beat your kids" stand up comedy. It will shed some light on this issue. 😊😊
I got straight 💯 s in Maths and Computers in University, still struggling with life.
@DS bundela Raja
Woww that's really great my frnd that u scored 99 in maths!!👏👏
Baaki english agar weak bhi h to h kya hua?? It doesnt matter bro!!!
Bs Talent hona chahiye
Make Asia Great Again!!!
Tesla always loved vivekananda
Definitely
Make nikola great
Indonesia
Actually Indonesia is a rich country.
Just before the colonial era, many of our assets were seized by western nations.
And after independence, America borrowed 50,0000 tons of our gold bars to build America.
As a guarantee ... America will support Indonesia in all fields. Starting from the military, economy and business.
America used to consider Indonesia not yet time to move forward. If the gold bar is used, building Indonesia will suffer a loss. So America flirts with all means including via g30spki.
They make plays in our country.
They beat sheep. Through the CIA.
But the government is silent because CiA is really smooth.
Well ... When American president Kennedy met Sukarno in America.
They made a secret agreement. The ANTI SECRET SOCIETY catchphrase.
What I know is that the agreement will return the gold bar back to Indonesia. BUT UNFORTUNATELY HAPPY. Kennedy was killed by the SECRET SOCIETY group which did not want an Asian country to surpass America, namely Indonesia.
There are not many facts about this. But it was diverted by Western Media. Until now Indonesian assets are still in America. And this is the task of our president later.
There is an Indonesian slogan of Asian tigers sleeping. It is true.
Just waiting for time. Aja.
Trump will be President of Asia .
India is the really winner cuz India developed alot in 70 yrs. From extreme poverty to development
it is just reclaiming what it was 400 years ago. 🙂 And it really fills me up with motivation. 🤗
@Fazil Ahmed Nice joke.
@youtubeboy it's not dependent on gdp.
@youtubeboy dependent on per capita income.
@youtubeboy har ek country ka average citizen income 😊😊. Muze sab kuch pata h :)
Before the Industrial revolution, China and India was 50% or more of the global economy. Being no. 1 and no. 2 in the world is their natural place in the world order.
ettekamba6969 Africa is a continent😂
it was not India or this Hindu lead country , it was the Mughal Empire.
@@liars6495 oh shut tf up. Mughals just looted and destroyed. It was the great maurya empire and gupta dynasty that had trade deals with the han dynasty of china and selucas nicator of greece. Later maratha empire started trade deals with the Portuguese. Mughals did not do anything
@@liars6495 Before Mughals, India's GDP was 36%. Except it was united only under the Mauryans.
@@liars6495 so India has 50% economy of the world since 1 ad and Mughal came in 1600 when GDP fall down to 23%
USA Women studying gender studies and master degree in fitness...in China they invest education in STEM
Your talking about a very small minority of people who take "gender studies"... Americans value STEM!
@@Civilized-Joke 60-70% of college students are women and in feminized societies they dont choose STEM..but easy going things.
Moises Antonio Frías Taveras India also is nasty af, and doesn’t really invest in their people. Chinese are hard-workers overall but the quality of life is more enjoyed by the rich. If you think the disparity between the Rich and poor is bad here, oooofff you better not even look at India or China!! It could be also that they are coming to America and establishing enterprises. Lets no forget the fact cheap American companies, rather outsource overly expensive products to these countries to produce in sweatshops.
@@moisesbeyond 56 bud*
Rich people are killing off the middle class.
Government regulation is
China has the same issue dose not seem to be slowing their economy by this projection.
@@trollpolice
China's middle class is growing not shrinking. That's because their government is investing in its people, education and technology.
Sure it censors, monitors and will subjugate those who don't follow in line.
Still lots of problems there. But they will surpass us in time.
Their government is heavily regulated. It's not regulations that are the problem here. It's the type of regulations.
China is trying to go for complete independence from fossil fuels. We are trying to reopen our coal plant's.
@@krisjackson6102 COOL STORY BRO!
"Building work has restarted at hundreds of Chinese coal-fired power stations, according to an analysis of satellite imagery."
26 September 2018
www.bbc.com/news/science-environment-45640706
Joshua Taylor Madison without rich ppl idiots like u won’t have a job
This is good for civilization and we need a multipolar world which will not work under a single nation's whim and dominance.
China isn't exactly the kind of country you want to see as dominant on the world stage.
@@Civilized-Joke Why? How many countries were destroyed by China?How many countries China invaded? How many countries are facing NGOs and democracy promoting anarchist groups promoted and funded by China?How many countries are facing meddling in internal affairs from China?
China should have say in world affairs so as India,Russia,Brazil.
We need a multipolar world for good reason.
@@eternalindian6714 In regards to a multipolar world, while it may sound good in theory, my concern would be if it's stable. It would be nice if we could all get along and work together and play nice, but I believe history says otherwise. That should be a worry to all societies, not just the U.S.; a superpower isn't likely to go down without a fight.
@@mydogskips2 You see even in monopoly we have experienced numerous wars,regime changes, destruction of lives and properties under American unipolar leadership.So I think we would see a good world with multiple strong players otherwise world order will not be Democratic.
@@eternalindian6714 I'm not disagreeing with you, but I think such developments could be priming the world for war. I hope that's not the case, but according to other videos I've seen, reputable videos where research is presented by credible people, not warmongering conspiracy theorists, it could be. It seems to me that in this world we live in, power and control are too greatly desired, they will not be given up freely without a fight. I just hope not too many innocent people will have to die to satisfy the whims and egos of those in power.
She said that america is much happier than India and China. Recently I saw most depressed country list U.S top in the list 😂
Apnaa time aayega👍
*Kisi ka haath nahi tha sar pe yaha aaye khud ki mehnet se hum*
Bohut head
Nahi ayega
@@ameyredekar8174 ayega be chutiye
@@shrutammukherjee1086 Nahi ayega.
Less resources more population.
I had been to US 2 times. Americans aren't really concerned about their studies and jobs. That's the reason they think that they are the best and superior. They have a thought in their mind that no one can surpass them!!. That's the reason India and China are moving forward. Btw I'm from india.
They don't need to study , they have good jobs and high income. Even if India and China surpass them in GDP figures , US will still have better per capita income and quality of life for 50-70 more years
@@prasoonkumar8131 oh don't you see the 2nd generation of the working American population. They don't care about anything. They may be rich. But if they do not get rid of their attitude, they will be ruined. They do not take studies seriously.
I think it's because of competition indians and Chinese have among themselves. Only the best from both the countries har having supreme luxury which motivates all to work more. In case of USA, people their live a comfortable life and so lack motivation.
@@prasoonkumar8131 I don't think that's how it works especially with a majority of the us population being high spenders and addicted to debt...you'll need a steady source of income to continue with your current lifestyle ...and mostly it's the educated who get the jobs...people in the us hardly have savings
@@bruteforce8744
You do realize that you are talking about a country of about 330 million people right?
Also, when you say Americans, do you realize that many people here have very different cultures, ethnic backgrounds, and viewpoints on life? This may be a cultural difference, seeing as I come from a individualistic culture since I'm American, but is visiting a place 2 times really enough to judge how all people in such a large and diverse country think/feel about everything? 🤔🤔🤔
The two greatest civilizations return! REmember, 5000 years!
I dont see Rome and Greece
@Phunsuc G Egyptians !
@@ahmedsalamaali4137 The Indus valley civilization
🇪🇬🇪🇬
Wait, Rome is back? The British empire? Did the Dutch reform the Dutch East India company? Oh, BC. You must be thinking of Alexander the Great or Egypt. Yeah, they are not that great anymore. India wasn't fully unified in its current state until the British arrived. China had a way of isolating itself. Read a book.
China : Fast hare .
India : Slow but steady tortoise .
What's even funnier? The U.S considers this a threat to "national security".. lol
they probably gonna start a war
The US wants to stay number 1 at all costs: that's why they export democracy; stage coups, from Cuba (Batista), to Korea ( Park), Chile (Allende); and tell you what to ( Philippines). And if they can't, they use sanctions.
Because we need to pay taxes to put people in jail over pot and lower taxes on the richest people in the world so they can pad their bank accounts while everyone else struggles to barely get by.
Not only did corporate owners get a tax break, every tax bracket got a break. the point of giving corporate owners tax breaks to give a better appeal for people to place their business here without getting robbed of tax’s, more money your boss makes, more money that tickles down to your wallet. smoke dope though
People with small businesses are the ones who truly need a tax cut
Idk what you american got against Tax.
Two Countries mentioned in the video heavily Tax things.
Both are socialist countries.
China is communist and India is ‘socialist democratic republic’
Both don’t believe in ‘survival of the fittest’ like americans both tax rich more and poor less.
And in India lowering Tax isnt even an election agenda.. people are fine with tax as long as govt. provide free and quality healthcare and education.
We also have to keep Americans from buying PROSCRIPTION DRUGS IN MEXICO!!! NOT JUST STREET DRUGS.
The rich people worked hard for their money they deserved it. What did you do? Exactly You did nothing that's what's the difference between us & we are growing faster than you people because you attack your own people but we don't. Jai Hind
It's over. The Asian age is here.
It won't last long given how few kids they have. And USA will still be a major global superpower, so I doubt it will be an asian age like it was a European age where Europe literally just dominated everything else utterly.
nah dude the Asian age will barely even happen. The African age will be the next thing, mainly cause of their high birth rates which will double Africa's population by 2050. Asians have the lowest birth rate in the world, especially East Asians.
ssssaa2 by looting and killing
Asia the next Big Thing.
There will be no asian age lmao. China will be the most powerful country in the world but not on the scale that Britain or the US was. It will be a multipolar world with EU, US, China, and India dominating their respective regions.
Well America is going to be at the same level as other European countries soon, good place to live and has good economic but not on top
Good we are butting our heads and destabilizing so many countries
Nah USA doesn’t have that much good quality of life it’s population is too big
@@fl7886 it has a very good quality of life.
America is business. And a business that doesn't innovate will eventually fade away.
China is not into innovation. They just copy others. If you want innovation look to Japan.
American leaders accepted this idea long ago (e.g., Calvin Coolidge: "The business of America is business." This made respectable, within American culture, the acceptance of moral dissolution which is leading to a predictable result: financial dissolution.
America does innovate. America innovates in China. I buy very cheap american products from China. These are top notch in innovation, and also the cheapest in the world.
What is the point of innovating if China will just steal it?
@@BlowitAllUp 👏👏👏
Chinese stealing American Intellectual property is just immoral.
i love china and india so much! 100years later, its Asia Rising!
But china and Pakistan they are not friends with India they always jealous with India because india rising up day by day
@@devasishsinha3605 no one cares for them bro....INDIA will be number 1 after starting of 2100AD....don't worry✌✌✌we will AGAIN be a VISHVA GURU✌✌
Sukumal Sinha we’ve seen your economic boosting, and now your gdp per capita is 1/5 of China
@@yichenjin5661 yes economy is boosting even we are making smart city in Gujarat but our money was spending in defense so that we can protect from Pakistan and China if you are chinese don't mine that is the reality......
Sukumal Sinha yeah I know India has spent a lot in defense, but meanwhile you ignored the truth that China’s military cost ranks 2nd in the world. 7.3% is an outstanding speed, but whether India will accelerate to 10% and maintain its growth for about 10 years just like China in the 2000s remains unknown. If India still keeps its current growth, I can say it’s hard to surpass China.
It's no surprise. China and India both have over 1 billion people in population and they're properly educating their youth. The great United States is a thing of the past unless we really reform our education, and breed new innovators for the future
If there is no more H1B visa USA will definitely fall economically because it's USA's biggest asset.
@@shubhamkhulpe4669 bingo!
No problem with that as far as you are interfering in others.
Good job China 🇨🇳 and India 🇮🇳 , love from Pakistan 🇵🇰, we Pakistani hope Pakistan will get on track soon as well
Countries with small population have less chances.....Actually pakistan hasn't made revolutions in industry...China is already dominating the world market And India is rising very slowly....I am also surprised to see that India will surpass the US in just 10 yrs!!
@@dhruvgarg7194 India was world's fastest growing economy with rate of 7.3 percent its not slow
@@rohithreddy5201 If u see it according to our potential....it is very slow....british looted us for 200 years....After independence, so much corruption, 4 wars, worst leaders....still we passed british economy in 70 yrs....think if we would have worked according to our actual potential then it was a matter of 15-20 years for us to paas britain.....Now we are on the right track not totally but still atleast modi govt. Is trying...
zeeshan mahmood true u can get back to track only stop hostility against 10 times powerful neighbor like India . Secondly don't waste money on arming, funding, sending terrorists to India , Afghanistan , Iran etc. Thirdly stop dreaming about annexing other nations territories like Indian state of Jammu and Kashmir for example .
If pakistan focuses it's energy on developing her own economy instead of focusing in disturbing India then pakistan can also develop
Rohith Reddy India fastest? Should I tell you nearly 1/4 of African countries have a growth of over 10%?
China and India both have more than a billion people and are just now catching up... so I don’t think this is bad.
@Marco Magana
They went from agrarian to technological in decades and are beggining to surpass other nations in tech.
A process that others needed a century to accomplish.
If they keep this up they might push humanity forwards a few decades ahead of time.
Not a bad thing for humanity, so long as the US doesn't throw a militaristic tantrum.
lmao, if not usa making ww2 or slavery.... now it will be revenge time. americans will be treated like nazis/commies they are
@@makorek "commies they are" are you completely brainwashed you moronic ignoramus.
Neither did the us.
One got independence 70 years ago and became open economy barely 25 years ago so if we caught up in 25 years of Ur 200 years then I don't think it's good enough
Soon INDIA will Rule UK😎😎😎😎
You guys are so stupid. India has a histry of over 10000 years of not attacking amy other nation while most of them did. And india will not attck anyone in future. Why do you even war war? Its just rubbish. As we be together, we be strong.
😂😂History will reverse & laughed at UK kingdom..
#Higlish will be new global language...
@Adam Buentello Lol. Ikr.
It's better to rule in their hearts, we are all humans and equal. Respect for all. 🙏🙏🙏
this is a good news, it meant less wars, the bully will run out of gas
I'm no fan of the US but you're deluded if you think the next empire is going to be less aggressive.
@@iamharald No empire is worse than the United States of Israel.
And China will surely be a peaceful country with no Ill intentions...
California is currently the worlds fifth largest economy.
California🤔
@Ameen Shindoli
If California became its own Country, its GDP would place it higher than India's is what he is saying. if you are talking about entire countries, then yes, you are right that India is #5. However the US State of California has a GDP of 2.8 Trillion by itself, whereas India's entire GDP is 2.6 Trillion for it's entire country. You may be more familiar with the term Province rather than State depending on you are from, but they are similar in meaning.😉
Ameen Shindoli let me correct the list for you:
1. USA
2. China
3. Japan
4. Germany
5. UK
5. France
7. India
World largest economies
01. USA: $21.459 trillion
02. China: $18.857 trillion
03. Japan: $5.794 trillion
04. Germany: $3.998 trillion
05. United Kingdom: $2.778 trillion
06. India: 2.767 trillion
07. France: $2.707 trillion
08. Italy: $2.012 trillion
09. Brazil: $1.868 trillion
10. Canada: $1.710 trillion
@@montychristo3745 now it surpassed 3 trillion sorry buddy
@@montychristo3745 no we also use the term state
In PPP terms, China already surpassed US in 2014 as largest economy, acc to World Bank.
Everything we buy from store is made in china now what did they expect lol
F**k your PPP. Only stupid people talk about PPP.
@@trankt54155 Thats what this video is about lol
@@trankt54155 most economists use PPP. But don't worry USA is the greatest country on earth and always will be. Now go back to bed.
Yes nominal gdp is the real money. But when buying and selling products and services you use ppp.
If not look at the nordic countries. The same iPhone costs 1.5 times than in USA. That’s the real power of money or gdp. In my thoughts 💭
Fun fact - Indonesia means INDIAN ISLANDS 🤣😂🤗
Never knew that
Nice fact
U are completely wrong.It is ISLANDS IN INDIAN OCEAN however we are actually in between Indian Ocean and Pacific Ocean
@@Martin-xw7kk google it
in an old thai proverb, 'india' translates to 'one who lacks toilets'
@@gg-ps1vz in India "Thailand" means massage parlor with male prostitute having vagina.
Everyone bashing the US, you clowns don't have a clue.
You people honestly think 300 million Americans can keep pace with 1.3 billion Chinese?
The fact we've maintained this headstart for so long is amazing in it of itself. However the other nations are developing and so its their economy, the US is not failing behind, China and India are just catching up
jimpachi haihachima LoL you are barely surviving because you are 300 million people looting resources in such a huge land. Imagine being 1.3 billion people in a land that is 7 times smaller. I am sure your Black Friday days are a good indicator for what it could look like. Also we don’t loot shops during hurricanes n floods. Bullying is not a thing. I am sure you still think you have a higher standard of living when so many children go through terrible bullying. What’s the point of having a car when you are psychologically affected? No wonder America has so many crazies!
China is 1.7, India is 1.3
jimpachi haihachima agree..its only normal they catchup
@@manasareddy3640 Yeah and the U.S. has functioning toilets. Or, in China's case, actual civil liberties.
badboje sure, you do! Like I said, most of your houses don’t even have enough toilets if you think about it! 3 bedroom, 1 bathroom? What a joke! You consider yourselves developed and Still can’t enhance your standard of living. My house back in India had an attached washroom for every bedroom!
And I believe the US will go from #1 to #3 by 2030.
Let's be honest America is already #2
It looks like americas all the way at the bottom
America wouldn't even be on the list after the great crash that is coming
Is that why China's wealthiest are moving to America among other places?
@@timber2533 Stanford University isn't going anywhere, neither is MIT, and Harvard. America is here to stay.
@@JK-gu3tl Nothing is here to stay no one power stays in power forever especially when that nation has millions of innocent blood on their hands.
All blood must be avenged with blood its just the laws of nature and the laws of the Universe.
Its a law that has been around for billion and billion of years in the universe.
You think America is the last great nation lol .
Time alone would tell lol.
Ok! Time to pack my bags and go in search of the Chinese dream or maybe Indian dream.🤔
😬😬😬 Chinese people thinking make our self usa. Copy cut paste and made😂😂😂
Chinese dream and Indian dream is some what similar. Work 10 to 11 hours a day until you die. Even on weekends.
War mongers and racists not welcome
To China, maybe. To india, just go to your nearest Sewage plant, it'll be cleaner.
@@TheRafark Even American cities look like gutters. Have u been to NY yet?
China’s growth has “slowed’ to 6.5%.; a ‘slow’ economy crushing the USA’s rate.
"Crushing" GDP growth is based upon Purchasing Power Parity (1:11 YT Timestamp 28% China & India).
P P P doesn't take into consideration Chinese buying million dollar homes from Sydney to Vancouver to Manhattan...or the 100,000+ Chinese paying Western tuition...
nor does it take into consideration the mean average of wealth per adult USA $400,000 vs. $50,000 China (Credit Suisse Wealth Report)
en.wikipedia.org/wiki/List_of_countries_by_wealth_per_adult
rubbishrabble cite a different source besides Wikipedia
@@rubbishrabble "average" wealth does not take in to consideration that most of the wealth is concentrated on a few percent of rich oligarchs.
@@erichutter4598 China GDP - per capita (PPP): $16,700 (2017 est.) country comparison to the world: 105
www.cia.gov/library/publications/the-world-factbook/geos/ch.html
LMAO Must suck to live in China their GDP per capita is lower then some states minimum wage.
@@ensteffo Wiki states the China median of 16000. China has 16510 ultra high net worth individuals and the US has 70540 U H N W page 23. 7% of Chinese wealth between 100000 to a million, but the global rate at that figure is 9% page 41.
india is next superpower🤑🤑🤑🇮🇳🇮🇳🇮🇳🇮🇳🇮🇳🇮🇳
@Martin Dude do you have any problem if India becomes superpower? We don't have any problem with U.S.
Supershit
Martin ‘they are holy’ at least get your first language right
@@sachinsaini9986 well, it hurts their ego
Arun Kumar no one cares about India or China in a lot of countries
India and China , the King and queen of the world .
but thats not my *FAULTTT* 😣😡
Donald J. Trump is fault allah
This projection was there long before DJT. That is why Trump is trying to save America in many ways, thinking about the country first.
I need ur wife, daughters😂 for better focus
Fight them bro
Anyone could have told you this would happen years ago. I'm no Trump fan, but this is not solely his fault, multiple administrations are responsible for this.
Reagan, Bush senior, Bush Jr, and Donald Trump is at fault with passing these tax cuts bills!
It is his fault, especially that it’s happening so fast. Those tax cuts and this shutdown have done us in.
Love Jones wrong
@@MizzPrecious92 you're wrong.
DrewTube316 not solely his fault? So india china almost 3 billion people conbined dont match us economy of 300 million? How is this anyone fault more people are finnaly geting richer?
This is interesting. As soon as USA starts loosing top spot as per GDP criteria, you are changing the criteria to happiness and other indexes.
But that will not solve some problems faced by USA.
Having said this India and China has it's own economic problems despite a rising GDP which I presume Indian and Chinese leaders are aware of.
Franky both China and India requires a GDP level minimum 3 times higher than the current GDP of USA.
What standard of living ,in USA u can't afford medical healthcare if you don't have enough wealthy money??
It's inevitable, it amazes me how people are surprised. With the population of India and China, it's only a matter of time.
Right, the more people you have working, producing things, getting skills, getting degrees, and learning a trade(skills). The more and higher the economy grows. The more the economy grows the more money people can have and invest it into the system in which it makes it grow.
OK, it might be true about India and China, but with Trump's coal and steel, you can make additional money as a manufacturing museum.
lol
you aren'tserious,r u?
2 $ /day...which is extremely poor according to US and EUROPIAN point of view..they called them extremely poor.
That but this not right for every country specially asian countries..
In india 2 $ means 140 rupees..
One can easily eat 3 times.
And indias extremely poor population is less than 3% as of 2018..
And india reducing this peoples at unbiliveble speed,. India rescues 44 peoples/ minutes out of extreme poverty..
So definitely india is doing something really well.. But we need to go far ahed.
India and China once again
China should unite to boost the strength of brick
Lol they both have over a billion ppl there the U.S. has 300 million we did damn good tho for
Exactly. The fact China has 4 times the people of the US and we still are neck and neck economically says how industrious the American people are.
@@tylermyers7657 it doesn't matter in world stage. The largest economy makes the nation strongest, so even if USA has more per capita income doesn't going to make it more powerful than India and China in coming decades.
That's what, u just explained something usa has smaller population than China n India so its easy for them to control it and makes it seem there are less poor people and in countries like China and India with huge population how much stronger their gdp will be than usa it will still be not enough, India and china's population is 4times that of USA so their economy should also be 4times bigger than usa, that's why in the future when India and China will surpass usa in terms of economy, still they won't be recognized as developed countries like USA.
From India
@@imranismail2578 U Funny bro 😂 countries like Qatar, Luxembourg have more percapita income than USA. And they r more developed than USA yet USA is still more powerful than those two developed countries ! So same thing will happen will India and China. Do u even know organisation like UN, IMF project India Per capita income of 30k US dollars by 2050 which is equal to half of European countries at that time . The same difference is between USA and Qatar right now in 2020 does this makes USA not a developed country ? And u do know that by 2050 India GDP will be twice of US so in one more decade or so after 2050 India will surely catch countries USA and European countries in terms of percapita income also ! Becoz of its 6% growth which will continue until next century !
@@siddharthsoni7867 that's what I am saying they are developed than USA but USA still is more powerful than them, same will happen to India and China in the future, u probably misunderstood my comment, maybe I didn't explain properly, my bad sorry
1900: europe super power, usa developing
2000: usa super power, asia developing
2030 and more: Asia super power (mainly India and China)
Africa developing???? Hmm
Sorry all..
Actually Indonesia is a rich country.
Just before the colonial era, many of our assets were seized by western nations.
And after independence, America borrowed 50,0000 tons of our gold bars to build America.
As a guarantee ... America will support Indonesia in all fields. Starting from the military, economy and business.
America used to consider Indonesia not yet time to move forward. If the gold bar is used, building Indonesia will suffer a loss. So America flirts with all means including via g30spki.
They make plays in our country.
They beat sheep. Through the CIA.
But the government is silent because CiA is really smooth.
Well ... When American president Kennedy met Sukarno in America.
They made a secret agreement. The ANTI SECRET SOCIETY catchphrase.
What I know is that the agreement will return the gold bar back to Indonesia. BUT UNFORTUNATELY HAPPY. Kennedy was killed by the SECRET SOCIETY group which did not want an Asian country to surpass America, namely Indonesia.
There are not many facts about this. But it was diverted by Western Media. Until now Indonesian assets are still in America. And this is the task of our president later.
There is an Indonesian slogan of Asian tigers sleeping. It is true.
Just waiting for time.
India made some smart economic moves in the 1990s. Scaling back government ownership & regulations and allowing more free market, privatization, and freedom to operate.
China also adopted Capitalist principles in the 1990s as well which spurred economic growth.
China opened their economy btw 1970s and 80s...they had a head start and good governance...🙏
Socialism is bad. Capitalism is best
It's always good when global power is transferred to non-aggressive countries that don't bomb other countries.
GDP is a very poor indicator. I don't know why it's even used. GDP simply measures the value of all the goods and services produced by an economy. It says nothing about the quality of life of an average citizen. That being said, one may argue that the quality of life of an average American is far superior to that of the average Chinese and most certainly far superior to that of the average Indian. And it probably will continue to be this way for a while. The US invested heavily in infrastructure post war and laid strong foundations for growth and development - something which the Chinese started doing about 10-15 years ago and something which India hasn't done even now.
@Arkaprava Das i don't see that happening soon buddy. With people being fighting among eachother over temple, mosque, reservation this n that. It is really difficult for us indians to achieve these goals but not impossible.
when talking about war and superpower hegemony it doesn't matter if ur avg joe hv a far better quality of life in the Us compared to China, it's all money talk and weaponry & more important industrialisation
Chinese quality of life is on the rise. White man is going down.
China will become even worse when they run out of drinking water in 2030
Exactly
Don't worry ya'll. The wall will save us!!!!!!!
Idk but i seriously believe that upcoming GOT season will change peoples thoughts on walls.. and i cant wait to see how you americans react to that..
The wall would change the everyday american's life a lot more than some country 10,000 miles away becoming wealthier.
@@ssssaa2 read about the el chapo trial. Wall will do you no good. Just saying this is as a neutral party. Invest the same money on surveillance tech.
@@ssssaa2 Not really most illegal immigrants come trough airplane and overstay their visas
It is not a coincidence that the majority of our immigration is from third world countries that the USA is changing for the worst.
People are comparing India and China in the comments here.
So let’s make it clear.
Both countries have invented one of the most important things for humanity, and both contributed 52% of the world gdp for 1500 years, but then India was held down by the British, the Indian gdp was 31% of world share in 1600s and the Chinese used to call India heaven, while the western called it the Golden bird. However in 1947 when India gained independence it was broken apart the gdp contributed was 1.2%, 93% of the people were under the line of extreme poverty, Indian industries and importance of India was destroyed from the trade of the earth. While China was growing, India had to build up into a nation, the people ruling the country also had an important role in this, China was controlled by a strong and powerful government while the congress government is ranked as one of the most corrupt governments in the world, regarding that, in 1970s 70% of the Indian population were living in poverty and that’s when China began its Industrial revolution. After 20 years India finally thought of doing something similar and in 1990s India was seeking towards industrial revolution, while at that time China had already gained a strong position in trade and technology. And in 2000s India finally started to gain a real growth and in 2014 Indians finally chose a different government than congress, since then India is the fastest growing economy in the world, the extreme poverty was 29% in 2014 and in 2019 its 3.6%, the new government formed a lot of changes to India they boomed the country’s infrastructure, development, technology, defense, and for the first time India became the most invested nation in the world even beating the mighty China, the government digitalized India and internet was given free the user count reached 650+ million in 4 years from 300 million users at a growth rate of 700%. And now India is seeking a similar growth like China did in 2000s. So in the end we could say that China is 20 years ahead of India and they can’t be compared as of now. And I hope Indians will use their brains to choose the right people to rule the country.
Hello china not believe humanity ok
Facts
Please don't show this to Pakistan 😁
Raja Vishnuvardhana as a Pakistani I’m happy to see you guys flourishing . Politics aside we are all humans😁
Shahmeer Hyat Yes god bless you and Pakistan also ❤️🇮🇳 🇵🇰
@@shahmeerhyat
Love from another neighbour Bangladesh.
@@shamimaliansari4865 lol chini born
@pranav kumar we will give them Kashmir.....and then take away whole PAKISTAN back to our AKHAND BHARAT😜😜😜👍👍👍
From 1AD TO 1500AD India was the largest economy in the world,in USA was nowhere in the top 10,from 1500AD to 1800AD China was the largest,both China and India contributed more than 50% of world ECONOMY,so INDIA AND CHINA IS NOT EMERGING ,THESE TWO ARE RECLAIMING.
America 2018- Gender Studies and Lesbian Dance Theory
China/ India- Science
Brother what is lesbian dance theory plzz explain 😂 😂 😂
@Kim sung Un acha 😂 😂 😂
India is reclaiming. 400 year's ago India was world richest country in the world.
400years age there was no.country called.india. You were not an unified country at all.
@@user-jz7gl4ee7n jus shut up if u don't know the Indian history.... Indian history is very old... Even older thn China..... India ancient name was aryavarat.... And bharta.... It's spread fm arab to Indonesia..... Ashoka.... Mourya... Chander gupt... Samundar gupta.... Suryavarman was great emperors of bhartvarsha.....
@@facetruthexposure9456 everyone knows that india was unified by Britain， that is a fact, maybe it hurts you
@@facetruthexposure9456 india was a "SPICE COMPANY" not country.
For centuries India and China were economic powers and both have had great civilisation s .Empires strike back.
The history is repeating itself
The most important aspect is education. In India or China,the default way of getting richer is to study hard. Its taught from childhood.And everyone will encourage you to work hard.
But in US you can be lazy,enjoy your life at the fullest,fall in debt yet nobody will even guide you to the path of success until its too late and youre underqualified to take the higher education in science. So you go even further down spending money on some insignificant degree or just dropout and take some small job
That's not the case . Many Americans are sleeping on street everyday .
@@bapurv557 I never said they dont. But the problem is poorer americans either accept their fate to stay poor or resolve to crime. While poor Asians(india,china etc) always dream to earn better living quality through education
@@MashZ the reality is America is still ahead in all aspects even their debt is highest in world , because they know how to trade with other people . It's economy is most productive in the world . With most universities in top 100 list are from USA , USA is still unbeatable until next 50 years . Knowledge is everything . China is way behind in this category .
@@bapurv557 Nah i think China will get ahead in 20 years. And india will get ahead in most ways within 50 years
@@MashZ you only thinking about computer technology . In that case there s edge for China as manufacturing , but with quantum computing , physics ,chemistry or any other science China is way behind of USA . China may be become big economy but that doesn't mean they won. And remember big infrastructure can not make strong economy . You need developed people also who are good in science .
Egypt will overtake Japan within 10 years? I havent laughed that hard in a long while. That study is obviously really trustworthy.
And Turkey surpasses Germany? What?? :-DDD
@@mokandil6824 , we are all starting from different bases, so GDP says nothing bad about your country or its people. The same personal initiative can be more fruitfull in some countries than in others. I really wish Egypt and Turkey all the best, that they will get to the "western" level. It will be easier in a futere, where business is not so depended on pysical ressources anymore. A good political environment is also important. Go, democracy! 😊
Japan has 200% debt to GDP ratio also the news is about GDP in PPP
This is PPP lol. Not in nominal terms. But I really doubt Egypt growing 8 times. This is more likely 2040
This is pure guesswork.
Asia just raise from their sleep and claim back their title, China dynasty, hindu wisdom, maritime kingdom and ottoman empire, let's high 5 each other
There's a big difference between education and intelligence !
Many people getting happy over US going to be third place in terms of economics, even my fellow Indians but you have to accept the fact that how 300 mil people manage to stay on the top for so long,
answer - innovation, Go do it attitude
My country creates genius talented people but fails to provide opportunities that's why most successful Indians are in USA because it's the land of opportunities, it will provide you with opportunity for wealth and power if you want to have, irrespective of the fact who you are and from where you are.
Yes, times are changing and so are balance of power and I would love to see my country on the top but for now we know our limits, we know it will take time and I am ready to work for it and for my fellow Indians it's time for some innovation and hard work instead of theft of ideas from other countries let's provide equal opportunities for those who deserves and work for it instead of demeaning some country and hard work.
Peace🙏
" How 300 mil people manage to stay on the top for so long. " Simple = at the costs of many more people being starved and robbed around the world. They don't produce all that much but make other countries buy their junk for high price$ which they print out of thin air. Also, their economy is not owned by the USA or the American's at all but very very small percentage of the population actually have a big running business. The rest are just servants and living on dept. That's America for you.
Many people getting happy over US going to be third place in terms of economics, ......
no, most of these people are Indians, who are always talking about their huge potential and shining future. we Chinese always think even if we surpass US by total GDP, WE are still behind developed nations.
@@user-ex1gv3sh8p chinese are down to earth unlike us indians who are overconfident
@@user-ex1gv3sh8p
We don't think like that. You got it wrong by coming across some handful of people. We know our limitation. We need to go very far from our current position to reach a good level.
@@user-ex1gv3sh8p yes you are right China is still a very poor country
1:45 my teacher listening to my story as to why I didn't bring my homework😂
An 'obsession' with education is a cultural thing in China because of the 'state exam' formerly known as the 'imperial exam' which first introduced all the way back in mid Tang dyansty (about 1200 years ago), it was the only means of becoming a government official for ordinary people, thus going up the social ladder.
Same thing in India bro 😂😂
USA is busy in researching evolution theory.
It's only been 70+ years for independent India and we're doing pretty good in every possible way .
Yes there is lots of problems and India working on them as much as possible it's hard to maintain such a huge population but it's also a big strength of India.
Jai Hind 🇮🇳 Proud to be an Indian....
India and China is not emerging we are regaining... Learn history dudes... We always have been the no. 1 in World History.
One of the.. there were others like india and china
Haha 😄😂
You are always no 1 in poverty ,
@@SatishKumar-rc4pl congress ka pilla hai n tu sale 😂😂🤣🤣
@@prakash_100 tu gobar bhakt h
My India will be the second economic power ? Unbelievable!! I always knew that we are a country with great potential. But, having potential doesn't mean job done. It's about time though.
Yes you are right. It is good to be optimistic but we really have to work hard in infrastructure, education, R&D and in countless other fields. Our nearest neighbour China should be our inspiration.
Update: October 2023 the US is at $27 trillion, China is at $17 trillion and India is at $3 trillion. In order for this prediction to come true, US would have to only grow only $4 trillions in 7 years, China would have to grow $17 trillion in 7 years. India would have to grow 39 trillion in 7 years.
Maybe he saying china + india together
That where gdp ppp comes in
wasn't it cbs who predicted Trump wouldn't be president of the usa!!!!!
India will become a super power if modi like leader will lead our country InDiA
Time for Asian Imperialism Bois....😎😎😎😎😎😎
My body is ready. My mind has no choice
China and India had the 60% share of world's gdp before 1500AD
Happy to see these two giants claiming their places back😀
💪🏻💪🏻💪🏻💪🏻🇵🇰🇵🇰
@@chintudon3654 pakistan also was in part of akhand bharat at that time
@@VishalKumar-dt7ut 🇨🇳❤️🇵🇰 कितना कर्ज लगा यार ईएमएफ सा
Love this business analyst Jill! She is very neutral and presented good facts!
Not so sure about India, but China already is the biggest power.
i mean have some shame letting your own country down #fool
@@TusharSharma-cy9xo why are you so frustrated. Its a democratic way expressing opinion, why my fellow indian forgot their glorious democratic values.!!
Well I am happy coz India is #2 🇮🇳🙂
India is already number 3.
Imagine US migrant workers. Ex Wall Street bankers could be expat janitors in India and China. LMFAO.
infact studies have shown than migrant workers are the biggest reason for USA's continued dominance in the world economy. But sadly Trumps regressive attitude is going to reverse that trend.
lol. I laughed so hard.
Jim Rogers say they'll be driving tractors. He's more bullish on China than India.
Ex wall street banker would not live till that time, because there will be no more wall street during that period
@- king- lol racism is not present in India. It was originated in USA . Each and every person of USA tries to suppress black. So backward country
Graduating second in her class at Standford...
Guess who's first 😂
Indian? 😂
@@ArunKumar-xv4qn
Haha😀😁😂👍
English is her second language :). Try going to a chinese university and grab the top spots speaking a foreign language
My own cousin topped in US university GEORGIA TECH ..2 yrs back....he used to study till 1 PM daily ..he told me ..chinese students are the most hardworking students...in top 20 students there was not even a single white American ...strangely even a Russian girl was in 16th position
@@boostftw123 my own cousin topped in Georgia tech university. .u can check on Google the result he studied in India and moved to US and became first ..so be careful to whom u r challenging
And Indians are now highest earning community ..not chinese...
And people who are smart working are more successful rather than hardworking
Google CeO is Indian,microsoftceo is Indian,pepsico CeO is Indian,Mastercard CEO is Indian ,half of members of Senate's has Indians as advicers,
So it's not a big deal to become successful in west .even in UK richest family is Indian.
English has always been second language in India...too ..
Wealth is going where it's supposed to be
After a long long time China and India in 2040 be like - Guess who's Back !
Remember that silicon valley would probably collapse without Asian and South Asian Engineers. And China and India have very different governments, the common belief they share is importance of academics, and maybe more orthodox cultural beliefs.
MODI WILL LEAD INDIA
Fun fact : UK looted around 45 Trillion Dollars from India alone.
indians: gets conquered and surrender themselves to the british
also indians: i can't believe they'd take our resources!!!!!!!!!!!!
Every nation should join hands and live peacefully.
00:17 he hesitated to speak when he read India along with China
Obviously, unexpected!
Us --i am the world superpower
China in 2030--- hold my beer
Us in 2031-nooo how this happened ???
Later
-
-
China--i am 1st
Us --no problem I am still 2nd
-
India in 2050 hold my beer
-
Both us and China nooo!!
Lol😂😂🤣🤣
flippodynamics ofc it’s an American
I don't see any hesitation.
After this report 4years ago & now the USA still the largest economy in the world
INDIA is really great
All credit goes to our Hindu ecosystem 🙏🙏💝💝🇮🇳🇮🇳🕉️🕉️😀
China, India, Russia, Turkey, Indonesia, Japan etc etc. Looks like asia is doing good. Happy for that. Make asia great again.
This is why we need to elect Bernie Sanders as the president of the united states
Gee who knew the most populated countries in the world would have the best economy