India is poised to become the world's second largest economy by 2075, overtaking the U.S., Japan and Germany, Goldman Sachs forecasts.
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.
"So that really is the window for India to get it right in terms of setting up manufacturing capacity, continuing to grow services, continuing the growth of infrastructure," he said. Additionally, Goldman predicted capital investment will be another significant driver of India's growth. "A mere 20% of all working-age women in India are in employment," the investment bank wrote in a separate report in June, citing that the low figure could be due to women being primarily engaged in piecework, which is not accounted for by the economic measures of formal employment.Nurphoto | Nurphoto | Getty Images
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