India to Surpass US and Become World’s 2nd Largest Economy by 2075: Goldman Sachs Report

Sakshi Education

Goldman Sachs analysts project India to become the world’s second-largest economy by 2075.
The report suggests India will surpass the US in terms of GDP, reaching $52.5 trillion by 2075.
China is expected to overtake the US to become the largest economy by the 2030s.
India’s progress in technology and innovation, particularly in the IT industry, drives economic growth.
Revenue in India’s technology industry is expected to increase by $245 billion by the end of 2023.
Capital investment is projected to play a significant role in India’s future growth.
S&P Global and Morgan Stanley also predict that India will become the third-largest economy by 2030.
India’s first-quarter GDP grew by 6.1% year-on-year, exceeding expectations.
The full-year growth for the current fiscal year is estimated at 7.2%.