Indian Economy to Match U.S. in 2050

India’s economy will grow to 90 per cent of the U.S. by 2050 and China will become the world’s current largest economy by 2025, according to a PriceWaterhouseCoopers report.

“The global centre of economic gravity is already shifting to China, India and other large emerging economies and our analysis suggests that this process has a lot further to run. Our latest projections suggest that China could overtake the US in around 2025 to become the world’s largest economy and will continue to grow to around 130 per cent of the size of the US by 2050,” the report concludes.

PriceWaterhouseCoopers projects that Brazil will overtake Japan by 2050 for fourth place and that Russia, Mexico and Indonesia will overtake Germany and the UK.