The growing importance of Asia’s major economies will continue in 2018 and beyond, according to a league table that watches the region dominating to its implementation of sizing in merely over a decade.
The report by the Centre for Economics and Business Research in London assures India leapfrogging the U.K. and France next year to become the world’s fifth-biggest economy in dollar words. It will advance to third place by 2027, moving ahead of Germany.
In 2032, three of the four largest economies will be Asian — China, India and Japan — and, by that time, China will likewise have overtaken the U.S. to hold the No. 1 place. India’s advance won’t stop there, according to the CEBR, which realise it participate in the top place in the second half of the century.