A British research institute has predicted that China and India together will make up around one-third of the world's economic growth during the span of ten years beginning this year.
According to Oxford Economics, China will account for 26-point-one percent of the combined growth of gross domestic product(GDP) across the world between 2016 and 2025.
It estimated that the U.S. and India will follow at 15-point-six percent and eight-point-one percent, respectively.
In terms of GDP based on purchasing power parity, China and India combined will account for more than 40 percent of the global economic growth over the ten-year period.
Among major Asian economies, Indonesia will account for two-point-nine percent of global economic growth, followed by Japan at one-point-seven percent.
South Korea, at a similar level to Spain’s, will make up one-point-three percent, ahead of Italy, Poland, Russia and Saudi Arabia at zero-point-nine percent, each.
Meanwhile, Oxford Economics predicted the global economy will grow by an annual average of three-point-five percent until 2024.
It is lower than the three-point-eight percent growth between 2000 and 2014, but it is higher than three-point-four percent growth posted after the financial crisis between 2007 and 2014.