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Will India become a bigger superpower than America in 2050? These small Asian countries are also in the top 10 list

This century is the century of Asian countries, many big experts have made such predictions regarding the 21st century. He believes that Asian countries are progressing faster than America and European countries. Looking at this pace of Asian countries, it was estimated that within half a century i.e. by 2050, small countries will become so economically strong that they will leave big countries behind. What will be the world economy in 2050 and which superpowers will rule the world? Regarding this, PricewaterhouseCoopers International Limited or PwC prepared a report named ‘World in 2050’. It said that by 2050, emerging economies or developing countries will overtake advanced economies or developed countries.

PwC had released this report in the year 2017 and said that by 2050 the world economy will more than double, in which developing countries will have the largest share. According to the report, after 26 years the global economy will be 130 percent. PwC is one of the world’s top accountancy firms.

The economy of E7 countries will grow twice as fast as G7 countries
E7 is a group of seven developing countries, while G7 is a group of developed countries. E7 includes India, China, Bangladesh, Indonesia, Pakistan, Vietnam and Nigeria. At the same time, G7 includes United States, Britain, Japan, Germany, France, Canada and Italy. The economy of E7 countries will grow almost twice as fast as that of G7. The report said that due to negative growth of -0.3 percent in the number of working youth in G7 countries annually between 2016 and 2050, these countries will come down in terms of economic growth. It was also estimated that the GDP of European Union countries would go down by 10 percent. The European Union is a group of 27 European countries, which include countries like France, Britain, Germany, Greece, Austria.

If this prediction of the report proves to be correct, then a big change will be seen in the world economy. Since 1995, the economy of the E7 countries has been half that of the G7, but this situation is expected to reverse by 2050.

Which country will be the world’s largest economy?
America is currently the largest economy in the world. But by 2050 it will come to third place, while China will be at first place as the largest economy. It will have 20 percent share in the total economy of the world. Currently this figure is 18 percent. Japan and Germany, currently included in the top 5 economies, will not be in the list by 2050.

India will be the world’s second largest economy by 2050
Prime Minister Narendra Modi has pledged to make India the third largest economy. However, by 2050, India will go beyond PM Modi’s dream and become the second largest economy in the world. At present it has 7 percent stake, which will increase to 15 percent by 2050. A big change will be seen in India’s economy. Currently, India is the fifth largest economy in the world. In 2050, Indonesia will be at fourth place and Brazil at fifth place.