CURRENT AFFAIRS

Detailed explanation-1: -China’s gross domestic product will surpass that of the U.S. in about 2035, the Goldman group led by Kevin Daly and Tadas Gedminas wrote, while India’s GDP will narrowly surpass the U.S.’ in about 2075.

Detailed explanation-2: -india: India will be world’s second-largest economy by 2050: Gautam Adani - The Economic Times.

Detailed explanation-3: -China is forecast to overtake the US as the world’s largest economy by around 2035, while India is expected to become the world’s second largest by 2075. The two countries will be followed by the US in third place, according to a long-term outlook by Goldman Sachs.

Detailed explanation-4: -More recently, Xi Jinping said in November 2020 that it was “entirely possible” for China to double its GDP between 2020 and 2035. If he is right, then China could overtake America to become the world’s biggest economy by the middle of the next decade.