India – A land of Unity in Diversity India ……is the cradle of the human race, the birthplace of human speech, the mother of history, the grandmother of legend, and the great grand mother of tradition. Our most valuable and most instructive materials in the history of man are treasured up in India only. - Mark Twain
Tiranaga – The Tri color National Flag <ul><li>The saffron color denotes renunciation or disinterestedness . </li></ul><ul><li>The white in the centre is light, the path of truth to guide our conduct. </li></ul><ul><li>The green shows our relation to (the) soil, our relation to the plant life here, on which all other life depends. </li></ul><ul><li>The "Ashoka Chakra" in the centre of the white is the wheel of the law of dharma - Truth and Again, the wheel denotes motion. India should no more resist change, it must move and go forward. </li></ul>The emblem of India is an adaptation from the Sarnath Lion Capital of Ashoka. The four lions (one hidden from view) - symbolizing power, courage and confidence - rest on a circular abacus. The abacus is girded by four smaller animals - guardians of the four directions: the lion of the north, the elephant of the east, the horse of the south and the bull of the west. The abacus rests on a lotus in full bloom, exemplifying the fountainhead of life and creative inspiration. The motto 'Satyameva Jayate' inscribed below the emblem means 'truth alone triumphs'.
India - The world’s largest democracy <ul><li>India is a Sovereign, Secular, Democratic Republic with a Parliamentary form of Government with a federal structure. </li></ul><ul><li>The Indian Constitution came into force on 26th November 1950. The Constitution advocated the trinity of justice, liberty and equality for all the citizens. </li></ul><ul><li>The Federal government controls the most essential government functions: </li></ul><ul><ul><li>Defense </li></ul></ul><ul><ul><li>Foreign policy </li></ul></ul><ul><ul><li>Taxation </li></ul></ul><ul><ul><li>Public expenditures </li></ul></ul><ul><ul><li>Economic planning </li></ul></ul><ul><ul><li>There are in all 28 states and 7 centrally administered Union Territories. </li></ul></ul>
Governance and Policy-Making <ul><li>The Constitution </li></ul><ul><li>Executive - The Parliamentary system of government has a Prime Minister & Cabinet and a President. </li></ul><ul><li>The Prime Minister leads the government & sets policy </li></ul><ul><li>Mr. Manmohan Singh </li></ul><ul><li>Legislature: </li></ul><ul><li>Lok Sabha (House of the People) </li></ul><ul><li>Rajya Sabha (Council of the States) </li></ul><ul><li>Federalism </li></ul>
Lok Sabha - (House of the People) <ul><li>Lok Sabha is composed of representative of the people chosen by direct election on the basis of adult suffrage. </li></ul><ul><li>Elections held at least every 5 years after which it automatically dissolves. </li></ul><ul><li>Prime Minister may call elections earlier. </li></ul><ul><li>The Lok Sabha at present consists of 545 members including the Speaker and two nominated members. </li></ul><ul><li>Lok Sabha elects one of its own members as its Presiding Officer and he is called the Speaker. </li></ul>
Rajya Sabha (Council of the States) <ul><li>The Rajya Sabha consists of 245 members. Of these, 233 represent states & union territories and 12 members are nominated by the President. </li></ul><ul><li>Elections to the Rajya Sabha are indirect; members are elected by the elected members of Legislative Assemblies of the concerned states. </li></ul><ul><li>The elected members of the Rajya Sabha serve 6-year terms and is NOT subject to dissolution. </li></ul><ul><li>The Rajya Sabha shares legislative powers with the Lok Sabha, except in the area of money bills, where the Lok Sabha has overriding powers. In case of conflicting legislation, a joint sitting of the two houses is held. </li></ul>
The Journey …… <ul><li>One of the world’s oldest civilizations -5,000 years . </li></ul><ul><li>The Indus Valley Civilization from c. 3300 to 1300 BCE, was the first major civilization in India. The country got its name India from this civilization. </li></ul><ul><li>The 3 rd and 4 th centuries BCE under the Maurya Dynasty is known as “The classical period of India” during which India is estimated to have had the largest economy of the ancient and medieval world, controlling between one third and one fourth of the world's wealth up to the 18th century. </li></ul><ul><li>The 4 th century CE under the Gupta Dynasty is known as “ The Golden Age of India” during which the aspects of Indian civilization, administration, culture, and religion spread to much of Asia. </li></ul><ul><li>Several successive invasions between the 10th and 15th centuries CE from Central Asia, leading to the formation of Muslim empires in the Indian sub-continent such as the Delhi Sultanate and the Mughal Empire. </li></ul>
The Journey …… <ul><li>The Mughal Empire suffered a gradual decline in the early 18th century which provided opportunities for the Marathas to exercise control over large areas. </li></ul><ul><li>Beginning in the mid-18th century and over the next century , India was gradually annexed by The British East India Company. </li></ul><ul><li>During the first half of the 20th century , a nationwide struggle for independence was launched by the Indian National Congress , and later joined by the Muslim League . The subcontinent gained independence in 1947 , after being partitioned into the dominions of India and Pakistan. </li></ul>
Ashoka - Grandson of Chandragupta Led lavish lifestyle, Extended Mauryan conquests, Brutal and Bloodthirsty….but then…Converted to Buddhism, Urged human behavior, Tried to unite through idea of moral consequences, Helped progress by investing in roads for trade, technology, etc. Various Dynasties Chandragupta Maurya Characterized by: Large armies ( thousands of elephants, chariots, etc.) Autocracy ( marked by strong military and government control) & Bureaucracy . Chandragupta was a very powerful Gupta ruler who waged many battles to attain his title. The lifestyle and culture of the Gupta dynasty is known through the availability of various ancient coins, scriptures, inscriptions, texts, etc. belonging to that era. Jalaluddin Muhammad Akbar also known as Akbar the Great was the third Mughal Emperor of India. Akbar's reign significantly influenced art and culture in the region. He also commissioned many major buildings, and invented the first prefabricated homes. He married Jodhabai, daughter of Rajput king. This was the first instance of royal matrimony between Hindu and Muslim dynasties in India
Various Dynasties Chatrapati Shivaji Maharaj was the founder of the Maratha Empire. He is considered to be one of the greatest warriors of his time. The rebellious Shivaji provided an impetus to the Hindus with martial tactics. Shivaji and his fast forces made it a habit of attacking and occupying various forts of the Mughal emperors. The British East India Company was formed initially for pursuing trade with the Indian subcontinent. The Company saw the rise of its fortunes, and its transformation from a trading venture to a ruling enterprise, when one of its military officials, Robert Clive, defeated the forces of the Nawab of Bengal, Siraj-ud-daulah , at the Battle of Plassey in 1757 . The first Governor-General of India was Warren Hastings . the Company remained a powerful force for over 200 years over India . Indian National Congress was formed in 1885 became the leader of the Indian Independence Movement, with over 15 million members and over 70 million participants in its struggle against British rule in India. After independence in 1947, it became the nation's dominant political party, led by the Nehru-Gandhi family.
Geographical Location & Climate <ul><li>India position itself in South Asia and falls in 8.4 N 37.6 N latitude - </li></ul><ul><li>68.7 E - 97.25 E longitude. </li></ul><ul><li>The state is bounded by the Indian Ocean, the Arabian Sea and the Bay of Bengal . </li></ul><ul><li>Total: 3,287,590 sq km Land: 2,973,190 sq km Water: 314,400 sq km </li></ul><ul><li>India as a state is divided into four major geographical regions – </li></ul><ul><li>- The Great Himalayan Mountain Ranges </li></ul><ul><li>- The Indo - Gangetic Plain </li></ul><ul><li>- The Desert Region </li></ul><ul><li>- The Deccan Plateau and Peninsula </li></ul><ul><li>It is difficult to generalize the climate of India because of its sheer size… </li></ul><ul><li>India has a cycle of five seasons. However, three seasons namely winter, summer and the monsoon are mostly significant. The five seasons are: </li></ul><ul><li>Spring (Mid-Feb to April) </li></ul><ul><li>Summer (May and June) </li></ul><ul><li>Monsoon (July to September) </li></ul><ul><li>Autumn (Sept to November) </li></ul><ul><li>Winter (December to Mid-February) </li></ul>
Demographics <ul><li>India is the second –largest populated country in the world with over 1.18 billion people (estimate for April, 2010) and consists of more than one-sixth of the world's population. </li></ul><ul><li>It contributes 17.31% of the world's population and projected that India will be the largest populated country by 2025 surpassing China, and by 2050 it will have over 1.6 billion people. </li></ul><ul><li>Age structure: 0–14 years: 30.8%, male: 188,208,196, female: 171,356,024 15–64 years: 64.3%, male : 386,432,921 , female : 364,215,759 65+ years: 4.9%, male : 27,258,259, female: 30,031,289 (2007 est.) </li></ul><ul><li>Birth rate : 21.76 births/1,000 population (2009 est.) </li></ul><ul><li>Death rate : 6.4 deaths/1,000 population (2009 est.) </li></ul><ul><li>Literacy rate : 79.9% </li></ul><ul><li>Percent of the population under the poverty line : 22% (2006 est.) </li></ul><ul><li>Unemployment Rate : 7.8% </li></ul><ul><li>Population growth rate : 1.548% (2009 est.) </li></ul>
Religious Composition (%) Hindus 80.5% Muslims 13.4% Christians 2.3% Sikhs 1.9% Buddhists 0.8% Jains 0.4% Other Religions & Persuasions 0.6% Religion not stated 0.1% Total 100.0%
The Ancient Indian Epics Ramayana Mahabharata The first Indian epic consisting of 24,000 verses divided into 7 books, composed about 6500 years ago. Longest Epic in world literature with 100,000 two-line stanzas, first composed about 5000 years ago.
Basic Facts <ul><li>Sanskrit was the classical language of India, older than Hebrew and Latin and mother of all higher languages. It is the oldest, most scientific, systematic language in the world. </li></ul><ul><li>325 languages spoken – 1,652 dialects. </li></ul><ul><li>18 official languages with Hindi as its national language. </li></ul><ul><li>Largest English speaking nation in the world. </li></ul><ul><li>India invented the number system. Zero was invented by Aryabhatta – The Indian Mathematician. </li></ul><ul><li>The worlds first university was established in Takshashila in 700BC with study of more than 60 subjects. </li></ul><ul><li>Algebra, Trigonometry and Calculus are studies, which originated in India. </li></ul><ul><li>The 'Place Value System' and the 'Decimal System' were developed in India in 100 B.C. </li></ul><ul><li>The Baily Bridge is the highest bridge in the world. It is located in the Ladakh valley between the Dras and Suru rivers in the Himalayan mountains. </li></ul>
Diwali – The festival of lights Holi – The festival of colors Navratri – The festival of dance. Makar Sankranti – The festival of Kites Rakshabandhan – Festival of Brother & sister Dussehra – victory of good over evil India, the land of varied cultures and traditions is also a land of festivals and fairs
India, the land of varied cultures and traditions is also a land of festivals and fairs Ganesh Chaturthi Baisakhi – The Harvest Festival Durga Pooja Pushkar – World’s largest camel fair Republic Day & Independence day
Cultural Heritage & Monuments The Taj Mahal - Agra
Ancient Literature & Science “ Indians have in general superior endowments in reading, writing and arithmetic than the common people of any nation in Europe.” - Warren Hastings The earliest works of Indian literature were orally transmitted. Sanskrit literature begins with the Rig Veda a collection of sacred hymns dating to the period 1500–1200 BCE. The Upanishads are Hindu Scriptures that constitute the core teachings of Vedanta (the purpose or goal of Vedas) The Sanskrit word véda "knowledge, wisdom" is derived from the root vid- "to know“ The canonical division of the Vedas is fourfold
Rig Veda - Knowledge of Hymns , “ There is only one truth, only men describe it in different ways.“ Yajur Veda - Knowledge of Liturgy , Sama Veda - Knowledge of Classical Music, Atharvaveda – Knowledge of spells and incantations Upanishads Jyotisha – Astrology and Astronomy. Kalpa – Rituals and Legal matters. Siksha – Phonetics. Aitareya – Creation of the Universe, Man and Evolution. Chandogya – Reincarnation, Soul. Kaushitaki – Karma. Kena – Austerity, Work, and Restraint. Dharnur Veda – Science of Archery and War. Mundaka – Discipline, Faith and warning of Ignorance. Sulba Sutra – Knowledge of Mathematics Yoga Sutra - Knowledge of Meditation Kama Sutra - Knowledge of Love and Sex Ancient Literature & Science
<ul><li>In post – Vedic literature, the term Upaveda ("applied knowledge") is used in traditional literature to designate the subjects of certain technical works. One of these applied subjects is Ayurveda. </li></ul><ul><li>Ayurveda is an ancient Indian medical science which does not only deal with treatment of diseases but also prescribes a healthy way of life. </li></ul><ul><li>The basic principle of Ayurvedic treatment is to cure the causative element of the disease from its root instead of suppressing its symptoms. The Ayurvedic treatment is largely based on the natural elements and herbs. The herbs used in Ayurveda have diverse chemical formation. </li></ul><ul><li>Ayurvedic herbal treatment is one of the most natural ways of curing a disease, as it has no side effects and after-treatment complications. </li></ul><ul><li>It also prescribes the practice of yoga for maintenance of all the vital organs of the body. </li></ul>Ancient Literature & Science
<ul><li>Yoga refers to traditional physical and mental disciplines. </li></ul><ul><li>In Hindu literature, the term "yoga" first occurs in the Katha Upanishad, where it refers to control of the senses and the cessation of mental activity leading to a supreme state. </li></ul><ul><li>Yoga, the Sanskrit word for "union", is a practice that uses posture and breathing techniques to induce relaxation and improve strength. </li></ul><ul><li>The most ancient sustained expression of </li></ul><ul><li>yogic ideas is found in the early sermons of </li></ul><ul><li>the Buddha. </li></ul><ul><li>One key innovative teaching of the Buddha was </li></ul><ul><li>that meditative absorption must be combined </li></ul><ul><li>with liberating cognition. </li></ul>Ancient Literature & Science
Precious Gems of India Mahatma Gandhi ~ The father of the nation, was the architect of India's freedom & one of the greatest men of this century. He inspired the entire nation to achieve independence from the British rule through non-violence and non-cooperation.. His life was dedicated to the ideals of Truth, Non-violence and Love. He believe "The essence of all religions is one, only their approaches are different”. his birthday, 2 October, is commemorated there as Gandhi Jayanti, a national holiday, and worldwide as the International day of Non-Violence. “ Come up, O lions, and shake off the delusion that you are sheep; you are souls immortal, spirits free, blest and eternal; ye are not matter, ye are not bodies; matter is your servant, not you the servant of matter.” – Swami Vivekananda . Vivekananda is considered to be a major force in the revival of Hinduism in modern India. He is best known for his inspiring speech beginning with "sisters and brothers of America“”, through which he introduced Hinduism at the Parliament of the World’s Religions at Chicago in 1893.
Precious Gems of India Dr. Amartya Sen – Nobel Prize for Economics Amartya Sen was honored with the Nobel Prize in 1988 for his work in Welfare economics. Sen is best known for his research on famines. Venkatraman Ramakrishnan –Nobel Prize for Chemistry. Ramakrishnan was awarded Nobel Prize in Chemistry in 2009. He is a structural biologist who received the Nobel Prize for his studies in the structure and function of the ribosome.
Precious Gems of India Mother Teresa was an Albanian Catholic nun with Indian citizenship who founded the Missionaries of Charity in Kolkata. she was internationally famed as a humanitarian and advocate for the poor and helpless. She won the Nobel Peace Prize in 1979 and India's highest civilian honor, the Bharat Ratna, in 1980 for her humanitarian work. Rabindranath Tagore as a Bengali polymath. As a poet, novelist, musician, and playwright, he reshaped Bengali literature and music. As author of Gitanjali and its "profoundly sensitive, fresh and beautiful verse, he is first Asian to win the Nobel Prize in Literature in 1913. India and Bangladesh - the national anthems of these two countries are taken from his composition.
Precious Gems of India Ratan Naval Tata - One of the most well-known and respected industrialists in India, is the Chairman of the Tata Group, India’s largest conglomerate. He is also the chairman of major Tata companies such as Tata Steel, Tata Motors, Tata Power, Tata Consultancy Services, Tata Tea, Tata Chemicals, The Indian Hotels Company and Tata Teleservices. Ratan Tata is also best known for the face behind changing India's automotive industry into global climate change era. Pandit Ravi Shankar is an Indian musician and composer who plays the plucked string instrument sitar. He has been described as the most well known contemporary Indian musician. Shankar was awarded India's highest civilian honor, the Bharat Ratna, in 1999, and received three Grammy Awards.
Precious Gems of India Lata Mangeshkar is one of the best-known playback singers in the Hindi film industry. Lata is the second vocalist ever to have received the Bharat Ratna, India's highest civilian honor. In 1974, The Guinness Book of Records listed Lata Mangeshkar as the most recorded artist in the history, stating that she had reportedly recorded "not less than 25,000 solo, duet and chorus backed songs in 20 Indian languages" between 1948 and 1974. Amitabh Bachchan one of the most prominent figures in the history of Indian cinema. Bachchan has won numerous major awards in his career, including three National Film Awards and thirteen Film fare Awards. He holds the record for most number of Best Actor nominations at the Film fare Awards
Precious Gems of India “ Commit all your crimes when Sachin is batting, because even God is not looking any where else then.” - A British Newspaper had this to say on batting powers of the one of the greatest batsmen in the history of Indian cricket – Sachin Tendulkar. Tendulkar was the only player of the current generation to be included in Bradman's Eleven. He is sometimes referred to as Little Master or Master Blaster. Abhinav Bindra is the current World and Olympic champion in the 10m Air Rifle event. By winning the gold in the 10 m Air Rifle event at the 2008 Beijing Olympic Games, he became the first Indian to win an individual gold medal at the Olympic Games and India's first gold medal since 1980.
Classical Musical Instruments of India Veena Flute Tabla Mridangam Sitar Santoor Sehanai Harmonium Jaltarang
Indian Economy Overview <ul><li>The economy of India is the 11 th largest economy in the world by nominal GDP and the 4 th largest by purchasing power parity (PPP) </li></ul><ul><li>In the 21st century, India is an emerging economic power with vast human and natural resources, and a huge knowledge base. Economists predict that by 2020, India will be among the leading economies of the world. </li></ul><ul><li>India's economy encompasses a wide range of modern industries ranging from Iron & Steel, Petroleum, Automobiles, Aeronautical, FMCG, IT, to a multitude of services such as Tourism, BPO, IT Software, Agriculture and Handicrafts. </li></ul><ul><li>India's major mineral resources include coal, iron, manganese, mica, bauxite, titanium, chromites, limestone and thorium. </li></ul><ul><li>India has a self reliant Pharmaceuticals industry. </li></ul>
Progress during the last 30 years <ul><li>Poverty (incidence) </li></ul><ul><li>1980s 1990s 2000 2009 </li></ul><ul><li>44% 36% 26% 22% </li></ul><ul><li>Education (literacy rate) </li></ul><ul><li>1980s 1990s 2000 2009 </li></ul><ul><li>44% 52% 65% 79.9% </li></ul><ul><li>Health (life expectancy) </li></ul><ul><li>1980s 1990s 2000 2009 </li></ul><ul><li>56 60 63 70 </li></ul>
Central Bank: The financial regulator <ul><li>The Reserve Bank of India is the central bank of India. </li></ul><ul><li> Mr.Duvvuri Subbarao </li></ul><ul><li> Present Governor of RBI. </li></ul><ul><li>RBI controls the monetary policy of the rupee as well as 287.37 billion US-Dollar (2009) currency reserves. </li></ul><ul><li>Monetary Authority: Formulates, implements and monitors the monetary policy. </li></ul><ul><li>Regulator and supervisor of the financial system: Prescribes broad parameters of banking operations within which the country's banking and financial system functions. </li></ul><ul><li>Manager of Foreign Exchange: Facilitate external trade and payment , promote orderly development and maintenance of foreign exchange market in India. </li></ul><ul><li>Issuer of currency: Issues and exchanges or destroys currency and coins not fit for circulation. </li></ul><ul><li>Developmental role: Performs a wide range of promotional functions to support national objectives. </li></ul><ul><li>Related Functions: Banker to the Government & to other schedule banks. </li></ul>
Indian External Sector <ul><li>India in 2009 witnessed a surge of FIIs hedging on the nation’s growth prospects, and bringing in over $17.46 billion in domestic equities, as of December 31, 2009. This is the highest ever inflow of rupees in the country in a single year. </li></ul><ul><li>The net capital inflows into the Indian economy in 2010 are expected to be $50 billion. </li></ul><ul><li>FDI inflows for November 2009 were $1.74 billion, an increase of almost 60% over the $1.08 billion figure in November 2008. The FDI equity inflows grew from 0.75% in 2005-06 to 2.5% in 2008-09. </li></ul><ul><li>India’s exports registered growth of 11.5% in January 2010 to $14.34 billion, from $12.86 billion a year earlier. </li></ul><ul><li>SEZ exports during April-December 2009 grew by 127% to $32 billion. </li></ul><ul><li>India’s balance of payments surplus in July-September 2009 was $9.42 million, up from $4.7 billion during the same period in 2008. </li></ul><ul><li>The trade deficit remained lower at $58.82 billion during April-September 2009, down from $64.4 billion in April-September 2008. </li></ul>
India Rankings – Quick facts <ul><li>India has one of the largest road networks in the world, aggregating 3.34 million kilometers. </li></ul><ul><li>Sixth largest crude consumer in the world. </li></ul><ul><li>Fourth largest steel producer in the world. </li></ul><ul><li>Major Indian ports are projected to handle about 800 million tones (mt) of cargo over the next five years from 530 mt in 2008-09. </li></ul><ul><li>India is the largest consumer of gold jewellery in the world and accounts for about 20 per cent of world consumption. </li></ul><ul><li>India is the biggest diamond-cutting center for small roughs. </li></ul><ul><li>India is the second largest producer of rice and wheat in the world; one of the largest producers of sugar, sugarcane, peanuts, jute, tea and an assortment of spices. </li></ul><ul><li>India is the world’s largest producer of dried beans, such as kidney beans and chickpeas. It also leads the world in banana exports. </li></ul>
India Rankings – Quick facts <ul><li>2 nd largest pool of scientists and engineers in the World. </li></ul><ul><li>3 rd largest standing army force, over 1.5Million strong. </li></ul><ul><li>Healthcare delivery is one of the largest service-sector industries in India. The country will spend US$ 45.76 billion on healthcare in the next five years. </li></ul><ul><li>The largest employer in the world is the Indian Railways, employing over a million people. </li></ul><ul><li>India exports software to 90 countries and is the world’s largest exporter of computer software. </li></ul><ul><li>There are 300,000 active mosques in India, more than in any other country, including the Muslim world. </li></ul><ul><li>The Kumbh Mela (or Grand Pitcher Festival) is a huge Hindu religious festival that takes place in India every 12 years. In 2001, 60 million people attended, breaking the record for the world’s biggest gathering. </li></ul>
The Future… <ul><li>Transforming the nation into a developed country, five areas in combination have been identified based on India's core competence, natural resources and talented manpower for integrated action to double the growth rate of GDP and realize the Vision of Developed India. These are: </li></ul><ul><li>Agriculture and food processing -- with a target of doubling the present production of food and agricultural products by 2020. Agro food processing industry would lead to the prosperity of rural people, food security and speed up the economic growth. </li></ul><ul><li>Infrastructure with reliable and quality electric power including solar farming for all parts of the country, providing urban amenities in rural areas and interlinking of rivers. </li></ul><ul><li>Education and Healthcare: To provide social security and eradication of illiteracy and health for all. </li></ul><ul><li>Critical technologies and strategic industries witnessed the growth in nuclear technology, space technology and defense technology”. </li></ul>
The Future… <ul><li>Information and Communication Technology: This is one of our core competencies and wealth generator. ICT can be used for tele-education, tele-medicine and e-governance to promote education in remote areas, healthcare and also transparency in the administration. </li></ul><ul><li>Modern retail formats have grown by 25-30 per cent in India in the last year and could be worth US$ 175-200 billion by 2016. </li></ul><ul><li>India Plans to upgrade the infrastructure in 185 existing </li></ul><ul><li>polytechnics in the Special Focussed Districts over five years. </li></ul><ul><li>India’s high growth rate since 2003 represents a structural increase rather than simply a cyclical upturn. We project India’s potential or sustainable growth rate at about 8% until 2020. – Goldman sachs report – 2007. </li></ul>
The Future… <ul><li>India is poised to become the world's third-largest economy by 2020. </li></ul><ul><li>Goldman Sachs Report of 1 October, 2003 – </li></ul><ul><li>"Dreaming with BRICs: The path to 2050" </li></ul><ul><li>India's GDP will reach $ 1 trillion by 2011, </li></ul><ul><li>$ 2 trillion by 2020, </li></ul><ul><li>$ 3 trillion by 2025, </li></ul><ul><li>$ 6 trillion by 2032, </li></ul><ul><li>$ 10 trillion by 2038, and </li></ul><ul><li>$ 27 trillion by 2050, </li></ul><ul><li>becoming the 3 rd largest economy after USA and China. </li></ul><ul><li>In terms of GDP, India will overtake Italy by the year 2016, France by 2019, UK by 2022, </li></ul><ul><li>Germany by 2023, and Japan by 2032. </li></ul>