Nov 16, 2020 - Diwali sales: Traders sold Rs 72k crore goods amid boycott call for Chinese products

From the Editor's Desk

An Economist's Guide to the World in 2050

Largely driven by the rise of China and India, the emerging-market share of global GDP is also soaring. In 2000, emerging markets accounted for about a fifth of global output. In 2042, they're set to overtake advanced economies as the biggest contributors to global GDP - and by 2050, they will contribute almost 60% of the total.

More viscerally felt will be the shift in relative power between countries. In 2033, according to our projections, India will overtake an age-hobbled Japan to become the world's third biggest economy. In 2035, China will outstrip the U.S. to become the biggest. By 2050, Indonesia may have moved into the big league. Three of the world's biggest economies will be Asian emerging markets.

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