India, June 6 -- India is expected to surpass China in terms of its share of global GDP measured in purchasing power parity (PPP) by 2060, as Beijing's contribution is likely to decline in the second half of the 21st century, according to a report by researchers associated with World Inequality Lab. World Inequality Lab (WIL) is a research laboratory based at the Paris School of Economics (PSE) and focused on the study of inequality worldwide.

The report, titled Global Justice Report: A Plan for Equality and Prosperity With Planetary Boundaries, said that regarding China, it is worth emphasising that its share in world GDP is currently about 20 per cent in PPP terms (about one third higher than the US) and is scheduled to be twice as lar...