PTI | Mar 28, 2012, 06.47PM IST
NEW DELHI: Surpassing China, India will become the world's largest economy by 2050, says a report.
The US -- currently the world's largest economy -- is expected to have a GDP of $39.07 trillion by 2050.
In terms of growth from 2010-2050, India would be the second fastest with its economy growing at the rate of eight per cent in the period.
With a pace of 8.5%, Nigeria would be the fastest growing economy during the same period, the report said.
In 2010, India was world's fourth largest economy with a value of $3.92 trillion compared to China's $9.98 trillion and America's $14.12 trillion.
The report named Surat and Nagpur among fast-growing cities to watch in 2050.
"We believe the cities to watch in 2050 are the 400 emerging market middleweights - fast growing cities with populations between 200,000 and 10 million.
"This dynamic group includes many cities that are not household names today: Linyi, Kelamayi and Guiyang in China; Surat and Nagpur in India; Concepcion and Belem in Latin America," it said.