In view of its continuing robust growth, India is expected to be the world's largest economy by 2050, surpassing China and the U.S., a Citi report said.
"China should overtake the US to become the largest economy in the world by 2020, then be overtaken by India by 2050," financial services group Citi said the report.
The estimates are based on purchasing power parity (PPP), an economic growth indicator that takes into account the purchasing power of each country's currency, instead of the prevailing exchange rate conversion.
Indian economy is expected to be nearly $85.97 trillion on PPP basis by 2050 from $3.92 trillion in 2010, Citi said.
Going by the report, India would surpass the U.S. -- currently the world's largest economy -- to become the second largest by 2040.
"China should overtake the US to become the largest economy in the world by 2020, then be overtaken by India by 2050," financial services group Citi said the report.
The estimates are based on purchasing power parity (PPP), an economic growth indicator that takes into account the purchasing power of each country's currency, instead of the prevailing exchange rate conversion.
Indian economy is expected to be nearly $85.97 trillion on PPP basis by 2050 from $3.92 trillion in 2010, Citi said.
Going by the report, India would surpass the U.S. -- currently the world's largest economy -- to become the second largest by 2040.
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