China has invested heavily in its manufacturing sector, export growth, and infrastructure development, the result of which is that today China has become the world’s largest economy on PPP basis. India is also accelerating its economic growth, but it needs more reforms in education, healthcare, and industrial development.

Conclusion:

Today the US economy is still the most influential, but the growth rates of China and India are increasing very fast. If these trends continue, by 2029 China and India’s position in the global economy could become even stronger. These changes help in understanding the global economic dynamics, and can bring new opportunities for us in the future.