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49 sats \ 1 reply \ @Coinsreporter OP 25 Sep \ parent \ on: Why is the world so bullish on India's economy? econ
I agree. How much do you think it will take India to reach the level of prosperity western Nations enjoy currently?
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0 sats \ 0 replies \ @Undisciplined 25 Sep
For India as a whole, I'd say several generations.
However, somewhere like Goa will get there much faster. A quick search turned up that Goa needs to roughly 4x it's prosperity to reach the low end of a modern western nation.
At 12% growth (not sure how feasible that is, but it doesn't seem insane), GDP doubles every 6 years and 4x is two doublings, so in 12 years Goa might be a recognizably modern economy.
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