According to Goldman Sachs, India is expected to become the world’s second-largest economy by 2075, surpassing Japan, Germany, and the United States. Factors driving this forecast include a growing population, progress in innovation and technology, increased capital investment, and rising worker productivity. India’s low dependency ratio and focus on infrastructure development are seen as opportunities for economic growth. However, challenges such as low labor force participation, particularly among women, and a current account deficit could impact India’s economic trajectory. Other institutions, such as S&P Global and Morgan Stanley, also predict India’s rise as a major global economy.
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