Report on indian economy ... MR. Sanjeev Jangid
Goldman Sachs says India will overtake the U.S. to become the world’s second-largest economy by 2075 India is poised to become the world’s second-largest economy by 2075, leapfrogging not just Japan and Germany, but the U.S., too, says Goldman Sachs. Currently, India is the world’s fifth-largest economy, behind Germany, Japan, China and the U.S. On top of a burgeoning population, driving the forecast is the country’s progress in innovation and technology, higher capital investment, and rising worker productivity, the investment bank wrote in a recent report . “Over the next two decades, the dependency ratio of India will be one of the lowest among regional economies,” said Goldman Sachs Research’s India economist, Santanu Sengupta. A country’s dependency ratio is measured by the number of dependents against the total working-age population. A low dependency ratio indicates that there are proportionally more working-age adults who are able to support the youth and elderly. GDP