India will overtake Japan by 2012

India may overtake Japan by 2012 and become the third largest economy by 2012. According to Pricewatherhouse Coopers, India’s GDP PPP will overtake Japan by 2012. Such a forecast seems to be probable, as Jupiter will be in the House of Gains for India next year. Jove in the 11th will bring handsome gains.

China will become the world’s largest economy by 2020. Within one year, Indian GDP PPP will become $4.32 trillion, overtaking Japan’s economy, estimated at $1000^4 ( 4.32 tr to be exact ).

“While the exact date is open to doubt, it seems highly likely that, by 2030, China will clearly be the largest economy in the world on PPP,” John Hawksworth, head of macroeconomics at PwC, wrote in the report.

The Decoupling theory, that India and China will not be affected by the global meltdown, still holds true. China will overtake Japan as the second largest economy this year, as Japan is facing a severe crisis !.

Yesterday the Sensex grew by 353 points and closed about 17 K. Despite the secondary reactions, the Stock Market seems to be on a growth track.