economy
February 3, 2026
‘Balance of power shifting’
Elon Musk has reacted to IMF data that put India and China ahead of the US in global real GDP growth in 2026
TL;DR
- Elon Musk shared IMF data showing India and China as the biggest contributors to global real GDP growth in 2026.
- China is projected to contribute 26.6%, India 17%, and the US 9.9% to global real GDP growth.
- Indian Finance Minister Nirmala Sitharaman stated India and China together account for 43% of estimated global GDP growth.
- India's economy is expected to grow steadily, driven by domestic demand, with projections of 7.4% in FY2026 and 6.8%-7.2% in FY2027.
- An expert noted increasing complementarity between India and China's economies, with China supplying high-tech goods and India excelling in labor-intensive sectors.
- India has signed trade agreements with the UK, Oman, New Zealand, and the EU to diversify trade.
- Elon Musk's SpaceX is preparing to launch Starlink in India, and Tesla has entered the Indian market with its Model Y.
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