In a long-term economic forecast covering 65 economies, Tokyo-based think tank the Japan Center for Economic Research has found that China and India will account for 35% of global gross domestic product in 2060, nearing the U.S. and European nations' combined share.
China's share of the world's economy will be about 20% and India's nearly 16% in 40 years' time, up from 17% and 4% in 2019, respectively. The forecast sees China adding three percentage points to its share, while India's will increase fourfold thanks to a continuous tailwind from population growth.
