How and when Asia will outperform EU and US?

The most remarkable phenomenon in Asia in the 21st century is arguably the economic rise of China and India. Amazingly, the two most populous countries in the world are uplifting millions of their citizens annually from poverty through rapid economic growth. What is the impact on the world, given the ascendance of China and India? There are many possible outcomes, positive and negative… hopefully, China and India will act as new economic dynamos that will benefit the entire developed world.

In any case, i think the following video is really interesting and somehow ironic, giving us an idea, how fast/slow India and China are filling the gap with the rest of the developed world. Write down this date on your calendar: 27th July 2048!