By 2050, India is projected to be the world's second-largest economy (overtaking the United States) and will account for 15% of the world's total GDP. The positive outcomes of that growth have already started to make an impact for residents.
As a result, six of the seven largest economies in the world are projected to be emerging economies in 2050 led by China (1st), India (2nd) and Indonesia (4th) The US could be down to third place in the global GDP rankings while the EU27's share of world GDP could fall below 10% by 2050.
By 2050, more countries are likely to be defined as superpowers, joining the United States and creating a multipolar world order. Extrapolating current economic, geopolitical, and demographic trends would suggest that China is likely to become a new superpower, although its economy is currently faltering.
India is expected to overtake Germany in terms of GDP in 2025 and Japan in 2027 to become the third largest economy after the U.S. and China. Modi has pledged to make India a developed country by 2047, when it celebrates the 100th anniversary of its independence.
In the univariate model, China will be the largest economy in the world in 2100, producing some 27% of global output. India will be the second largest economy accounting for 16.2% of global output and the US will be third with 12.3% of global output. So, it's the century of China then.
In the global economy of 2060, China and India will be the biggest, but still not the richest.
There is still much work to be done to propel China to the top of the world's economy, but it is certainly possible that the Chinese economy can surpass the power of the US by 2050. It may also be too early to make definitive projections of China's future.
Arguably, Australia is already an energy superpower - but of the 'non-renewable' or 'fossil-fuel' variety – being the world's largest exporter of coal, and one of the largest exporters of gas and uranium.
According to a recent report by Harvard University, “From economic complexity growth estimates, India is growing at the annual list at the rate of 7.9 percent as the fastest growing country for the coming decade.
China to Surpass U.S. Economy, Reclaim Global Power Role by 2040, Intel Report Says. China is set to surpass the United States as the world's largest economy and advance down a path toward reclaiming a global power role within the next two decades, according to a new report by the U.S. Intelligence Community.
China, France, Russia, the United Kingdom, and the United States are often referred to as great powers by academics due to "their political and economic dominance of the global arena". These five nations are the only states to have permanent seats with veto power on the UN Security Council.
Luxembourg: USD 143,203 per capita in 2025
We forecast Luxembourg to be the world's wealthiest economy in 2025 in nominal GDP terms (at market exchange rates).
United States. The United States of America is a North American nation that is the world's most dominant economic and military power.
A new study published yesterday in The Lancet journal has predicted that India, Nigeria, China and the United States (U.S.) will be dominant global powers by the year 2100. The publication's Editor-in-Chief, Dr. Richard Horton, said: “This research charts a future we need to be planning for urgently.
Russia, the successor of the Soviet Union, and the United Kingdom are still regarded as great powers today with permanent seats on the United Nations Security Council. The United Kingdom continues to hold extensive global soft power, and hard power. Russia holds the largest nuclear weapons arsenal in the world.
Sun is going to play some risky games in 2025! Solar storms have the power to end this planet; forget asteroids. The solar storms will hit their cyclical peak in 2025 and could wreak chaos across the planet, costing billions of dollars in damage.
The earth would become warmer, the average temperature will increase. There will be several new weather patterns and the sea levels would rise. Eventually humans would die out. If the insect population continues to decline, all birds that depend on insect for food will become extinct.
By 2030, almost all countries will experience “extreme hot” weather every other year due mainly to greenhouse gas pollution by a handful of big emitters, according to a paper published Thursday by Communications Earth & Environment, reinforcing forecasts that the coming year will be one of the hottest on record.
Australia's outlook remains strong. The IMF forecasts the Australian economy will grow by 1.6% in 2023. This means Australia will again outperform other advanced economies, which are expected to grow by an average of just 1.3%. This follows Australia's solid 5.2% growth in 2021 and an estimated growth of 3.7% in 2022.
Yet, Australia is undeniably a powerful country – ranking sixth in this year's Lowy Institute Asia Power Index, a data-driven assessment that measures national resources and international influence to rank the relative power of the states in the Indo-Pacific.
Key Points. The United States has been ranked the most powerful country in Asia in a new Lowy Institute report.
China to overtake US as world's largest economy: Report | Mint.
China's GDP should grow 5.7% per year through 2025 and then 4.7% annually until 2030, British consultancy Centre for Economics and Business Research (CEBR) forecasts. Its forecast says that China, now the world's second-largest economy, would overtake the No. 1-ranked U.S. economy by 2030.