Reliance Jio's new feature phone offering? How do brokerages view

Reliance Jio's new feature phone offering? How do brokerages view

India is poised to become the second-largest economy in the world by 2075, surpassing not only Japan and Germany but also the United States, according to a Goldman Sachs report.

 

The report projected India’s GDP at $52.5 trillion by 2075, behind China’s $57 trillion but ahead of the US’ $51.5 trillion.

 

Currently, India is the world’s fifth-largest economy, behind Germany, Japan, China and the US. According to the Economic Survey tabled in Parliament in January this year, the Indian economy was projected to reach the $3.5 trillion mark by the end of March.

 

For India, a key to realising the potential of that growing population is boosting participation within its labour force, as well as providing training and skills for its immense pool of talent, Santanu Sengupta, Goldman Sachs Research’s India economist, was quoted as saying in the report. India, according to UN projections, surpassed China as the world's most