CAN INDIA BECOME SUPERPOWER IN 2020
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Going forward, India has huge potential due to its large population, a long-standing tradition of democracy and stable government system with non-violent transitions, convenient location for trade, proximity to major oil exporters, decent standing in the world, a large English-speaking population, massive engineering education that is gradually improving in quality, and a system of R&D institutions. India's economy is projected to reach the #3 spot by 2020 (by at least some analysts and metrics; it's already there by PPP), surpassing Japan, and trailing only China (#1) and the US (#2). In view of China's recent economic troubles and suspicious accounting, China's ascent is in doubt, but India's upward path seems more certain (say, by 2030), as its excesses have been smaller so far. Of course, India's economy must become more robust and structurally sound, while the legal system must strengthen as well, and corruption must be addressed.
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