The global economic order is expected to shift from advanced to emerging economies over the next few decades, and by 2040 India could edge past the US to become the world’s second largest economy in purchasing power parity (PPP) terms, consulting firm PwC said in a new report titled “The World in 2050.”
The report, called "The long view: how will the global economic order change by 2050?," ranked 32 countries, based on their projected Gross Domestic Product by Purchasing Power Parity (PPP).
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