Musk Points to Changing Global Economic Power Toward India, China
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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