Key Points Research suggests China may not surpass the U.S. in nominal GDP soon, but long-term strategies could lead to this by the 2030s. It seems likely that export diversification and domestic consumption will help China mitigate U.S. tariff impacts. The evidence leans toward technological self-reliance and global trade partnerships as key drivers for China’s economic growth. There is controversy over growth forecasts, with some predicting China’s overtake and others doubting it due to demographic and debt challenges. Economic

Who is the real leader of the Global South? India chaired the G20 presidency for 2023 and has made commendable progress in projecting itself as a rising power. Today with a GDP of more than USD 3.74 trillion, its viewed as a major geo-political player and the counter-weight to China. While the economy of the US is roughly USD 26 trillion and that of China is USD 19 Trillion, India lags behind these super economies by a massive margin.