Talking about Purchasing Power Parity (PPP), China Stands at the very top in the global ranking, followed by USA and India. However, a study found that by 2020, India will topple USA from spot number two, becoming the second largest economy in terms of PPP.
In terms of Gross Domestic Product (GDP), by 2030, China will take over USA. And by 2050, India will take over USA, grabbing the second spot.
So yes, India might beat USA, on different economical fronts, in coming decades, China with reign at the top.However, India is at the top when it comes to fastest growing economy in the world.
So, in short no. At least don’t expect it in our lifetime or your children’s. But, that’s my opinion from whatever limited knowledge of economics I have.