The asian market, which includes the S&P 500 and the Nikkei 225 index, will continue to be one of the most important economic benchmarks for Asia, according to analysts at Citigroup Global Markets.
Analysts said that while the Asian share of the global economy is shrinking, China and India will continue dominate the market and will continue driving the global economic growth story, as long as they continue to maintain their current levels of growth.
While China has slowed, India is set to surpass the United States as the world’s biggest economy by the end of the decade, the analysts said.
The analysts said that China will likely have the largest market share by 2020 and the second largest by 2030.
India has been struggling with an ageing population and is facing rising inflation.
The analysts said the outlook for the Asian market was optimistic and that the stock market would continue to outperform in 2020 and 2030.
The analysts believe that China and the Asian countries will continue dominating the Asian economy, as they have done since World War II.