In a groundbreaking forecast by global investment banking titan Goldman Sachs, India is projected to surpass the United States as the world's second largest economy by 2075. By that time, India's economy is anticipated to swell to a staggering $52.5 trillion, with only China's economy predicted to be larger. However, India faces a significant obstacle in its economic trajectory: a dwindling labor force participation rate. This demographic challenge could potentially hamper the nation's expected economic growth. The Goldman Sachs report identifies several catalysts propelling this optimistic forecast. Favorable demographics, advancement in innovation and technology, increased capital investment, and surging worker productivity are all seen as key drivers behind India's economic ascension.
