Wednesday
January 9
2019

India likely to surpass U.S to be world’s second largest economy by 2030

By Enda Curran

Seven of the world’s top 10 economies by 2030 will likely be current emerging markets.

The prediction for a shake-up of the world’s gross domestic product rankings comes in new long-term forecasts by Standard Chartered Plc, which includes a projection for China to become the largest economy by 2020, using purchasing power parity exchange rates and nominal GDP.

India will likely be larger than the U.S. in the same time period while Indonesia will break into the top 5 economies.

Photo courtesy of Satish Krishnamurthy.

Source: Economic Times (link opens in a new window)

Tags
emerging economies, emerging markets