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

SUMIO SARUYAMA and KENGO TAHARA, JCER Long-Term Economic Forecast Team

January 25, 2020 21:53 JST

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.