The Super-Cycle Report projects that China is likely to overtake the US to become
the world‟s biggest economy over the next decade, while India could become the
world‟s third-largest economy by 2030. Moreover, India is likely to grow faster, on
average, than China over the next two decades. We factor in a trend rate of growth of
6.9% for China, allowing for setbacks along the way, and of 9.3% for India, again
taking into account the business cycle.

Indeed, India has many of the features that will enable it to emerge as a winner in the
super-cycle. We believe the winners will be those countries which have cash,
commodities, or creativity, or a combination of these factors. India does not have an
abundance of cash or commodities, but it has creative potential.

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Is India or Canada the place to invest?

White paper: India in the Super-Cycle