3 days ago

Jeffrey Sachs Predicts India, China Will Lead Global Economy

India will be world’s largest economy this century, China ties can build multipolar world: US economist Jeffrey Sachs · livemint.com

Jeffrey Sachs thinks India and China could become the two biggest economies in the world in less than 25 years.

He predicts the United States could be third at that time.

He believes India’s economy is growing quickly and that its population may keep increasing.

China’s population, he says, is declining.

Sachs thinks India and China could both benefit by working more closely on trade, technology, investment, and supply chains.

The countries still have border tensions and do not fully trust each other.

He wants BRICS to support countries working together through global institutions instead of opposing the West.

He also says India should leave the Quad because he sees it as a group aimed at containing China.

Key facts

Economic projection: Sachs said India and China could be the world’s two largest economies in less than 25 years, with the United States third.
Population comparison: He described India’s population as around 150 crore and China’s as about 140 crore, while saying China’s population is declining.
India-China relationship: Sachs called it the world’s most important bilateral relationship and said cooperation could increase trade, investment, technology partnerships, and supply-chain activity.
Global power structure: Sachs identified the United States, China, India, and Russia as four major powers and said multipolarity is already a reality.
BRICS Summit: India is scheduled to host the BRICS Summit in 2026.
BRICS priorities: Sachs proposed ending the war involving Iran, creating a multi-currency payments system, and strengthening the United Nations.
Quad position: Sachs described the Quad as an anti-China grouping and urged India to leave it.