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Musk Points to Changing Global Economic Power Toward India, China
(MENAFN) Elon Musk has observed a shift in the global balance of power, pointing to IMF projections showing India and China leading global real GDP growth in 2026, surpassing the US.
According to IMF data, China is expected to contribute 26.6% to global GDP growth, India 17%, and the US 9.9%. Musk shared the figures on X, stating, “The balance of power is changing.”
Indian Finance Minister Nirmala Sitharaman highlighted that India and China together will account for 43% of estimated global growth, as reported by the Financial Express. India’s Finance Ministry projects the nation’s economy to grow 7.4% in 2026 and 6.8–7.2% in FY2027, driven by strong domestic demand despite US tariffs.
Former Indian foreign secretary Anil Wadhwa told RT that India and China’s rapid growth has been a long-term trend. He noted their economies are increasingly complementary, with China providing high-tech goods and precision machinery, while India supplies labor-intensive products. Wadhwa added that India’s share of China’s textile market has grown, partly due to US tariffs imposed on India over Russian oil imports.
This economic trajectory suggests a significant realignment in global economic influence, with Asia, led by India and China, playing a more central role in driving worldwide growth.
According to IMF data, China is expected to contribute 26.6% to global GDP growth, India 17%, and the US 9.9%. Musk shared the figures on X, stating, “The balance of power is changing.”
Indian Finance Minister Nirmala Sitharaman highlighted that India and China together will account for 43% of estimated global growth, as reported by the Financial Express. India’s Finance Ministry projects the nation’s economy to grow 7.4% in 2026 and 6.8–7.2% in FY2027, driven by strong domestic demand despite US tariffs.
Former Indian foreign secretary Anil Wadhwa told RT that India and China’s rapid growth has been a long-term trend. He noted their economies are increasingly complementary, with China providing high-tech goods and precision machinery, while India supplies labor-intensive products. Wadhwa added that India’s share of China’s textile market has grown, partly due to US tariffs imposed on India over Russian oil imports.
This economic trajectory suggests a significant realignment in global economic influence, with Asia, led by India and China, playing a more central role in driving worldwide growth.
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