Indian Economy Will Surpass China By 2050 - Weekly Voice - The Newspaper for South Asians in GTA | Weekly Voice â€“ The Newspaper for South Asians in GTA New Delhi: Surpassing China, India will become the worldâ€™s largest economy by 2050, says a report. â€œChina will overtake the US to become the worldâ€™s largest economy by 2020, which in turn will be overtaken by India in 2050,â€ according to Wealth Report 2012 by Knight Frank & Citi Private Bank. As per the report, Indian economy will reach $85.97 trillion size in terms of purchasing power parity by 2050, while the Chinese GDP would be $80.02 trillion during the same period. The US â€” currently the worldâ€™s largest economy â€” is expected to have a GDP of $39.07 trillion by 2050. Other nations in the top ten list of worldâ€™s largest economies would be Indonesia (4th), Brazil (5th), Nigeria (6th), Russia (7th), Mexico (8th), Japan (9th) and Egypt (10th). 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 worldâ€™s fourth largest economy with a value of $3.92 trillion compared to Chinaâ€™s $9.98 trillion and Americaâ€™s $14.12 trillion. The report named Surat and Nagpur among fast-growing cities to watch in 2050. â€œWe believe the cities to watch in 2050 are the 400 emerging market middleweights â€“ fast growing cities with populations between 200,000 and 10 million. â€œThis 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,â€ it said.