Trade Headlines

India likely to be 90% of US economy by ‘50: PwC
	In what could be a tectonic shift in the global economic centre of gravity, the size of India’s economy would grow to 90% of the US by 2050, with China becoming even bigger than the world’s largest economy currently, according to a PriceWaterhouseCoopers report. “The global centre of economic gravity is already shifting to China, India and other large emerging economies and our analysis suggests that this process has a lot further to run. Our latest projections suggest that China could overtake the US in around 2025 to become the world’s largest economy and will continue to grow to around 130% of the size of the US by 2050,” the report titled ‘The World in 2050: Beyond the BRICs’, says.