India can overtake US in PPP terms by 2038, says EY a month after Trump's 'dead economy' remark
India can surpass US, Germany and Japan in purchasing power parity (PPP) terms by 2038 at an estimated size of $20.7 trillion, according to an EY report released a month after US President Donald Trump called India "dead economy". India is set to emerge as world's second-largest economy in PPP terms by 2038 supported by strong demographics and robust savings.