According to the latest report of Citi with regard to the Global Growth Generators, India could be the number one economy in the world by 2050, going past China and the US.

As reported by Willem Buiter, one of the economists of the Citigroup, the US would lose its number one position to China by 2020 as the largest economy in the world, and then China would be surpassed by India three decades after.

With India’s average real GDP growth rates of 4.6% pa as of the moment until 2030 and 3.8% pa from 2030 to 2050 – the GDP would definitely increase in real PPP-adjusted terms from USD 72 trillion last year to USD 380 trillion in 2050. The country could definitely expect a great increase until 2050.

Furthermore in the report, the most regions that are showing a lot of potentials are the developing Asia and Africa, two areas backed up by the number of people and the income per capita growth, the two regions are followed by the Middle East, Latin America, Central and Eastern Europe the CIS, and lastly the first-world countries today.
Other Global Growth Generators countries that are also expected to ascend because of their promising per capita are Bangladesh, China, Egypt, India, Indonesia, Iraq, Mongolia, Nigeria, Philippines, Sri Lanka and Vietnam.