Home / Business and Economy / China & India Drive Global Growth
China & India Drive Global Growth
6 Mar
Summary
- China and India will account for nearly 44% of global GDP growth.
- China's contribution is projected at 26.6%, India's at 17%.
- The US ranks third with a 9.9% projected contribution to global growth.
International Monetary Fund (IMF) data indicates that China and India are poised to lead global economic expansion between 2026 and 2030. These two Asian giants are projected to collectively contribute approximately 43.6% to worldwide GDP growth.
China is expected to spearhead this growth, with projections showing a 26.6% contribution. India follows closely, anticipated to add 17% to global economic expansion. The United States is forecast to be the third-largest contributor, accounting for 9.9% of the projected global GDP increase.
Other significant contributors to global growth include Indonesia (3.8%), Turkey (2.2%), Saudi Arabia (1.7%), and Vietnam (1.6%). Nigeria and Brazil are each expected to contribute 1.5%, while Germany rounds out the top ten with a 0.9% share. Notably, most other European countries are not anticipated to feature in the IMF's top ten list of growth contributors.
