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i predict that by twenty twenty seven that's little less than ten years we'll all take china interminal or p p p p p p okay ah, and that is what it really matters yes and today we are number three, yes and p p p number three in nominal, one number five, yeah, yeah that's right so uh purchasing power parity in the sense that the prices uh you take a fixed price of one country and then evaluate all countries in the same price then you don't get inflation all the for instance if you value haircut when the american prices or you will are the contribution now g d will be much more so therefore on the other hand if you value american haircuts in the indian per haircut prices then there we will go down so you have to have a fix that's what it means by ppp and that's the most scientific concept so we would overtake then the real real growth is not having more capital more labor that's along the curve and that is inherently subject to what they call as a love diminishing returns as you put more and more in you get less and less returns so the the secret is you jump from curve to curve and who jumps the innovation that you introduce in your system so that raises the productivity of your resources value edition yes productivity of system and that is where indians have gotten innate capacity and we approved it already in the united states and google is edited by indian, i think and microsoft and i think the queen of england is also going to be indian and very soon they are penetrating all over the eastern company has been bought by gucci right there yes, yes so we indians have demonstrated tremendous capacity is all this rotten education system which doesn't promote restaking question answering asking even in that system we have produced so much change so i think there will be a lot of changes in the education also, so if we focus on this huge what we call is democratic dividend which is young population below the age of thirty five is seventy percent of our population age of indian is twenty six every age of chinese is thirty five because of that one child for for family project americans thirty seven uh europeans forty six and japanese is fifty it's an aging population this is a young population and uh my view is that nora missimodi and i'm sure that if we get a second term will do that we need to mobilize revolutionize our education system it still the usual wrote learning memory, etc and that can be done if the aluminize start opening universities i don't want the government to open universities see harvard is opened by alumni, columbia is by alumni all the top universities of america are financed by and run by alumni the comment doesn't come in there at all so that is what we need that freedom to think and chinese are no match for us because they are they don't have democracy so they they can do improve quality they can imitate but when it comes to thinking of new ways of doing things ah that indian has got that capacity and americans recognize that i wouldn't be surprised all this that we are doing to our software engineers by visa restriction is a america preparing for the long term challenge the united states face from india。
india could replace china as the driver of global growth and when could that happen as soon as twenty twenty eight now just to be clear this does not mean that india's gdp will overtake china's in the next four years it means india's contribution to global growth will be higher than china's in this people basically india will become the growth engine the indian economy is projected to grow by seven percent asia and india is gaining from this just look at apple china has long been their top factory but now apple is diversifying they assemble 14 percent of their iphones in india take seven iphone models chances are one of them was made in india and this output is worth almost 14 million dollars so china's loss is india's game but you cannot rest on those games you must build the same report also mentions two things that india must do first continue the infrastructure push and second invested you with the capital basically spin and everything the infrared push has been a key priority for the movie government in this financial year around one hundred and thirty two million dollars has been set aside that the simple time the education finally and walking the sun both highest leading every mix second multified in the office better roots into foster froster trees with scientist and dine food and other factors of locked indian states were extended english changed love to them sometimes it pushes each state government to do better than the other again it has supported eight indian states are expected to become trillion dollar economies by 2048 what does that mean these states will have a gdp or one trillion dollars each now to put that in context india's current gdp's three point, three trillion dollars now some states are hoping to touch a trillion on their own and which are these eight states, maharashtra, gudrath and kanataka are expected to reach first by around twenty forty, tamilnaut, utherpraish, mother, pradesh, telling dana and on the pradash will fallen of course this is a projection it requires consistent and rapid growth to achieve this。