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Asian countries including India to wield more global power than US, Europe by 2030; says reports

New Delhi, Tue, 11 Dec 2012 NI Wire

According to a recent report, India will be among various Asian countries that are expected to wield more global power than the US and Europe combined by 2030.

The forecast done by the US intelligence community expected that China would supersede the United States as world’s largest and leading economic power.

The report presented in Global Trends 2030, also warned of slower growth and deteriorating living standards in advanced and developed nations with ageing populations, the BBC reports.

The report published by the National Intelligence Council (NIC) focuses to draw a wide sweep of "megatrends" together that drives transformation in the world.

The NIC expects that by the year 2030, Asia will gain more 'overall power' than the US and Europe possess together at present, taking into account population size, gross domestic product (GDP), military spending and investment in technology.

"China alone will probably have the largest economy, surpassing that of the United States a few years before 2030," the report said.

"Meanwhile, the economies of Europe, Japan, and Russia are likely to continue their slow relative declines," it added.

The report, however, did not anticipated of China becoming a superpower in the mould of the US in order to take on international issues.

-With inputs from ANI


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