Okay, this is interesting. Let's talk about India. It is the second-most populous nation in the world, accounting for 18% of the total population. Over 1.3 billion people call India home. It is known for things like Bollywood and its enormous film industry, cricket, which is considered to be the second religion, and yoga, which was invented there over 5000 years ago. India is also home to one of the seven wonders of the world, the Taj Mahal. It also has some of the most stunning mountains palaces,
Mark Twain once famously remarked that India is the cradle of the human race, the birthplace of human speech, the mother of history, the grandmother of legend, and the great grandmother of tradition. In 2013, 120 million people came here to celebrate the Ku Mela. There are a few other fascinating facts about India that you may not be aware of, such as the fact that its economy is poised for explosive growth. India is also the country that gave us the game of chess, which was derived from an ancient game called chatter ranga.
India is on track to overtake Japan and Germany to become the third-largest economy in the world by 2027, according to a research paper on future investment opportunities published by Morgan Stanley at the end of 2022. By 2030, India will also have the third-largest stock market. The research paper then claims that India's GDP could more than double from $3.5 trillion to over 7.5 trillion by the year 2031. It also predicts that India's stock market, the Bombay Stock Exchange, could expand at a rate of 11% annually.
What the heck does all that mean? It means that India's stock market may outperform the US's over the next ten years. In a world that is bracing for a recession, one that is seeing negative growth in the equity market, and one where bonds are barely profitable for investors, this may represent a huge investment opportunity. However, as someone who has never invested outside of the EU S as someone who is not an expert on this, I can't say for sure.
In today's video, I want to share with you what I've learned and how I might use this knowledge to possibly make money from it because I want to figure out exactly what's going on. Let's get started because I'm quite eager to. Dear Missouri: I hope you're doing well, Jake. Visualcapitalist.com has some really interesting predictions about what will happen in 2023, including that artificial intelligence, for example, will appear everywhere. We can already see this with tools like chat GT, which is sweeping the Internet.
The global recession risk is still high due to interest rates rising and remaining that way for the rest of the year, the crypto winter will continue, real global BP will be between 1.5 and 2% due to the slowdown in economic growth, and India will have a really strong year. When I read that one, it sent me down a rabbit hole where I found research papers.
This will increase to more than 500 billion by 2028, which translates to an 11% growth in the GDP. How can you even tell if this is good or bad? Here are some statistics for comparison: in 2022, the US GDP was predicted to grow by 2%. In 2023, if there is a recession, which most people seem to believe there will be, economists are forecasting that the US GDP will increase. 2% just . 2 and it won't even start to improve until 2024, when we will grow by one point 7%. In contrast, China, which is typically the world's leader in economic growth, grew by only 3% in 2022, while India is expected to grow by 6%. And remember, anytime there is economic growth, there is also inflation.
For India to grow at 11% over the next decade is pretty insane, so one of the questions I had was why is India's economy growing so fast and why is the rest of the world not, and how can I get in on this growth now there are three main reasons why this is happening. There are three reasons why people are working less, making less, and consuming less, so companies will make less, which is usually bad for the stock market. Offshoring financial and energy transitions on a global scale When a nation outsources its production to another nation, the practice is known as global offshore; historically, the world has just recently declared to India, "Here have
however, consider this: With one of the youngest populations in the world and a median age of 28.4 years old, India has the largest pool of talented engineers in the world. India was also voted as the second-largest market for freelance hire by up work in 2020. With 12.6% of the market, the number of people who are available for hire is expected to double to more than 11 million people because the budget for outsourcing is expected to increase.
The second reason why India is expected to dominate this coming decade will astound you: their digital transformation in 2009 India came up with a program called add heart that was a biometric authentication system, making it easier for people to access programs like Facebook and Twitter by scanning a fingerprint, retinal scan, or a facial ID scan. They are also building factories, which is why India's manufacturing is expected to increase to 21% of their GDP by the year 2031, please follow me for more.
