The report by the Centre for Economics and Business Research in London sees India leapfrogging the U.K. and France next year to become the world’s fifth-biggest economy in dollar terms. It will advance to third place by 2027, moving ahead of Germany and Japan.
Also by 2032, South Korea and Indonesia will have entered the top 10, supplanting the Group of Seven nations of Italy and Canada.
Nextbigfuture is more optimistic about China’s economy
The exchange rate for the yuan is 6.55 to 1 US dollar.
On an exchange rate basis, China should pass the USA in the mid-2020s.
India should pass Japan on an exchange rate basis around 2027.
China is already 20% larger than the USA in purchasing power parity terms and should be double the US economy by 2030 and India could surpass the USA in purchasing power parity terms by 2030.
The Economist magazine has a projection for the top world economies for 2018.
Brian Wang is a Futurist Thought Leader and a popular Science blogger with 1 million readers per month. His blog Nextbigfuture.com is ranked #1 Science News Blog. It covers many disruptive technology and trends including Space, Robotics, Artificial Intelligence, Medicine, Anti-aging Biotechnology, and Nanotechnology.
Known for identifying cutting edge technologies, he is currently a Co-Founder of a startup and fundraiser for high potential early-stage companies. He is the Head of Research for Allocations for deep technology investments and an Angel Investor at Space Angels.
A frequent speaker at corporations, he has been a TEDx speaker, a Singularity University speaker and guest at numerous interviews for radio and podcasts. He is open to public speaking and advising engagements.