India's Productivity Shooting To The Top

Goldman Sachs says India's economy may overtake US in 2042
and be an economic superpower second only to China

By Finfacts Team
www.finfacts.com
Jan 25, 2007

A leading global investment bank says India could overtake the UK, Italy and France and have the world's fifth largest economy within a decade. The report by Goldman Sachs says if trends continue; India's economy could also surpass the United States before 2050 and be second only to China's.

It says a decade of reforms in India has brought increased competition and efficiency; but poor infrastructure is already struggling to keep up with growth and might hold the country back.

Complete Article