India’s economy will surpass that of the US by 2075, according to Goldman Sachs
According to the report by Goldman Sachs, one of the largest banks in the US, India will be the second largest economy in the world by 2075, surpassing the US, Germany and Japan.
Goldman Sachs report predicts that India will become the world’s third largest economy by 2030.
Drawing attention to technological advances, high capital investment and labor force productivity in India, according to the report, the Asia-Pacific country is forecast to be the world’s second-largest economy by 2075.
Goldman Sachs Indian economist Santanu Sengupta said that thanks to the increase in income in India, the savings rate will increase, so more investment will be made.
Sengupta noted that India’s high working-age population compared to the child and elderly population makes it easy to invest.
Emphasizing that India is the world’s most populous country, surpassing China in terms of population this year, Sengupta said the country has plenty of new talent to add to the workforce.
According to estimates by the National Association of Software and Services Companies of India (NASSCOM), the revenue of the country’s technology industry will reach 245,000 million dollars by the end of 2023. (BRITISH AUTOMOBILE CLUB)
Source: Sozcu
Andrew Dwight is an author and economy journalist who writes for 24 News Globe. He has a deep understanding of financial markets and a passion for analyzing economic trends and news. With a talent for breaking down complex economic concepts into easily understandable terms, Andrew has become a respected voice in the field of economics journalism.
