India will become the third largest economy globally by 2050 in terms of GDP at purchasing power parity (PPP). This is what emerged from a recent survey conducted by PricewaterhouseCoopers.
The study, called "World in 2050. The BRICs and beyond: prospects, challenges and opportunities” predicts that the size of the world economy will increase four-fold by 2050 and China will already be the largest economy in terms of PPP by 2017; remaining in the European ambit, Russia will assume an increasingly growing importance, becoming, by 2020, the main economy of the Old Continent.
Emerging economies will grow at a rate equal to 4%, doubling advanced economies in the coming years, whose growth rate will average around 2%; moreover, the total value of the economies of the seven main emerging markets (i.e. China, India, Brazil, Russia, Indonesia, Mexico and Turkey) could already exceed that of the G7 countries in 2017, with a gap that will be increasingly greater in the future. A very interesting fact should be recorded: among all the countries reported, only India will not record a decrease in the active population by 2050.
Manlius Urbanus
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