Recently, America’s major investment bank, Goldman Sachs, has predicted that India would beat USA and become2ndlargesteconomy behind China, by 2075. Goldman Sachs is the second largest investment bank in the world by revenue. This is an important bank, that decides where the people should invest. If the bank gives positive review to a company, that company’s value would increase overnight.
Over the years, the delegation from Goldman Sachs would always meet India’s Prime Minister in his State visit and India’s Prime Minister would also reciprocate. There are highly influential people in the Board of Goldman Sachs. Therefore, their statement matters. When they say, India, that is currently in the 5th Place in World GDP, would replace USA for 2nd Place by2075 matters a lot. If this prediction becomes reality, then it would be astonishing as India would become the 2nd largest economy, just behind China within 120 years of its independence.
Goldman Sachs Report
In the Goldman Sachs report, they have shown graphical representation of India as well as China and USA’s growth till 2075. In the graph India’s Growth was much lower that China and USA but as the time passed India growth rate reached an astonishing rate and now India is in the 5th place. According to the report, India’s growth rate would be high and would reach 2nd place by 2075 replacing USA and only being 2nd to China.
Importance of the Report
Some may ask, what would be the benefits for India and Indians after the report was published under Goldman Sachs name and what advantages from long-term forecast for India’s economy would bring? Here, the people must understand that when Goldman Sachs report these statements, many companies would try to change their investment strategy towards India or make them India specific. These reports would help India build confidence among the billionaires or the Companies to invest in the country.
Key Factors for Indian Economy
One of the most important factors is the population. They talked about India’s huge population and its gradual increase. As per the report, due to the huge population there would be a high domestic consumption. India would not depend highly on its exports as it mainly depends on domestic economy and domestic investments.
Another point mentioned in the report is India’s huge import of oil. Oil imports by India would be minimised by 2075 as India would transfer from oil energy to green renewable energy. Prime Minister Modi said it categorically that India aims to reach net zero carbon emission by 2070.
In this report Goldman Sachs has not pointed out any negative aspects, according to them, the Indian Economy would be stable and no cases of banks collapsing. This is truly a good opportunity for India to pull investment from various companies and billionaires.
FAQ
What is Goldman Sachs prediction on India?
Recently, America’s major investment bank, Goldman Sachs, has predicted that India would beat USA and become 2nd largest economy behind China, by 2075. Goldman Sachs is the second largest investment bank in the world by revenue. This is an important bank, that decides where the people should invest. If the bank gives positive review to a company, that company’s value would increase overnight.
Over the years, the delegation from Goldman Sachs would always meet India’s Prime Minister in his State visit and India’s Prime Minister would also reciprocate. There are highly influential people in the Board of Goldman Sachs. Therefore, their statement matters. When they say, India, that is currently in the 5th Place in World GDP, would replace USA for 2nd Place by 2075 matters a lot. If this prediction becomes reality, then it would be astonishing as India would become the 2nd largest economy, just behind China within 120 years of its independence.
What does Goldman Sachs do?
Goldman Sachs and its people are a committee to help people and countries to gather more insight on the global economy, markets and topics related to the respective businesses worldwide. Goldman Sachs is filled with influential people who make a difference by their statements and reports. This is an important bank, that decides where the people should invest. If the bank gives positive review to a company, that company’s value would increase overnight.
When will Goldman Sachs pay a dividend?
The board of directors of the Goldman Sachs Group Inc. declared a dividend of $2.50 per share to be paid on June 29,2023 to the common shareholders.