31 Aug '15, 2am

Asia's strategic weight

Asia's strategic weight

Author: Peter Drysdale, East Asia Forum Their sheer size and growth potential mean that China and India will be at the centre of the Asian economic powerhouse over the coming decades, however well it performs. Over the past two decades, the two countries have already more than tripled their share of the global economy. Adjusted for purchasing power parity (PPP), the Indian economy is now roughly the size of Japan’s. In PPP terms, China’s economy is already nudging that of the United States. One Goldman Sachs estimate suggests that India’s economy will surpass the US economy within the next three decades. For long the world’s second largest in population, the dynamics of India’s population growth will push it ahead of China’s in less than two decades. India still has the world’s largest concentration of poor people, with more than 840 million living on less than US$2 a day ...

Full article: http://www.eastasiaforum.org/2015/08/31/asias-strategic-w...

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