India is seen accelerating to 7.8% by the 2020s while China’s will moderate to 5% by 2030 reflecting a natural slowdown given the economy’s size. Graphic: BloombergNew York: Seven of the world’s top 10 economies by 2030 will likely be current emerging markets. India will likely be larger than the US in the same time period while Indonesia will break into the top 5 economies. They project trend growth for India to accelerate to 7.8% by the 2020s while China’s will moderate to 5% by 2030 reflecting a natural slowdown given the economy’s size. Asia’s share of global GDP, which rose to 28% last year from 20% in 2010, will likely reach 35% by 2030—matching that of the euro area and US combined.

Source: Mint January 08, 2019 11:15 UTC