China GDP: The US will squeak by as the dominant economy with $24.8 trillion in annual output, but it will see its proportion of the world economy decline to 20 percent by 2030 from its current 23 percent share, according to Russia Today. By 2030, India will be the world s third largest economy, up from its current position at number eight. China GDP will nearly overtake America s by 2030, according to the latest data published by the US Department of Agriculture. It will be followed by Japan in fourth place, then Germany, and Brazil at number six. Growth in India will be driven by its large and highly skilled labor force. India will overtake the UK, France, Germany, and Japan in size.
(news.financializer.com). As
reported in the news.
Tagged under China GDP, current position number topics.