The Future Economic Order: China And India Poised For Dominance In The World
India, 12th July 2023: According to a recent projection by Goldman Sachs, the global economic landscape is set to undergo a significant transformation by the year 2075. The study predicts that China will claim the top spot as the world’s largest economy with an estimated GDP of $57 trillion, closely followed by India at $52.5 trillion and the United States at $51.5 trillion.
Emerging economies are expected to play a crucial role in shaping the future economic order. Indonesia is projected to become the fourth-largest economy, with a staggering GDP of $13.7 trillion, while Nigeria and Pakistan are expected to secure the fifth and sixth positions, with GDPs of $13.1 trillion and $12.3 trillion, respectively.
The report also highlights the growing economic power of several African nations. Egypt is anticipated to soar to seventh place with a projected GDP of $10.4 trillion, followed by Brazil at $8.7 trillion. Meanwhile, traditional economic powerhouses like Germany, Mexico, and the United Kingdom are expected to maintain their positions within the top twelve.
Japan and Russia round out the list, each with GDPs of $7.5 trillion and $6.9 trillion, respectively. The Philippines, France, and Bangladesh are also predicted to become significant players in the global economy.
