Goldman Sachs says India will overtake the U.S. to become the world's second-largest economy by 2075
Publishing timestamp: 2023-07-10 09:33:38
Summary
Goldman Sachs forecasts that India will become the world's second-largest economy by 2075, surpassing Japan, Germany, and the United States. The driving factors behind this prediction are India's progress in innovation and technology, higher capital investment, and rising worker productivity. The country's low dependency ratio and focus on infrastructure development are seen as opportunities for growth. However, the labor force participation rate and net exports are potential challenges. Other institutions, such as S&P Global and Morgan Stanley, have also predicted India's rise as a major economy.
Sentiment: POSITIVE
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