According to CEBR, in 2032, three of the four largest economies will be Asian, including China, India and Japan - and, by that time, China will also have overtaken the US to hold the No. 1 spot.
India's advance won't stop there, according to the CEBR, which sees it taking the top place in the second half of the century.
Also by 2032, South Korea and Indonesia will have entered the top 10, supplanting the Group of Seven nations of Italy and Canada. The report's co-author and economist Oliver Kolodseike said that Technology and urbanization will be important factors transforming the world economy over the next 15 years.
