Goldman Sachs says India’s economy may overtake US in 2042
and be an economic superpower second only to China
By Finfacts Team
Jan 25, 2007
A leading global investment bank says India could overtake the UK, Italy and France and have the world’s fifth largest economy within a decade. The report by Goldman Sachs says if trends continue; India’s economy could also surpass the United States before 2050 and be second only to China’s.
It says a decade of reforms in India has brought increased competition and efficiency; but poor infrastructure is already struggling to keep up with growth and might hold the country back.