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Economy

China and India to make up one-third of global GDP in 2060: JCER

Emerging giants forecast to approach US and Europe's combined economic might

The JCER predicts India will become the world's third-largest economy by 2060 as its service sector expands.   © Reuters

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.

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