Signal China and India cast as engines of innovation, investment and wealth creation

Summary

The Megatrends 2040 report expects advanced economies to dominate the next wave of technology-based industries once again. Alongside these likely winners, it identifies China and India as well placed to act as engines of innovation, investment and wealth creation. Both countries are already drawing on deep pools of technical talent and huge domestic markets to become significant players in digital industries. The report sees this within a broader shift of economic power toward the East and the South. It also stresses that research and technology have become an arena of competition among global powers shaped by geostrategic rivalry.