By 2050, the Indian economy and market would rank among the greatest in the world, and they would even surpass the US by 2075, according to Goldman Sachs.
The US-based investment bank predicted in a study titled “The Path to 2075-Capital Market Size and Opportunity” that growth in emerging markets (EM) will continue to outpace that in developed markets (DM), with 7 of the top 10 economies in the world being EMs by 2075.
“Over the course of this decade, we anticipate that EM growth will continue to surpass DM growth (3.8% vs. 1.8%). In 2050, the five greatest economies in the world will be China, the United States, India, Indonesia, and Germany.
According to Jan Hatzius, head of global investment research and chief economist at Goldman Sachs, “By 2075, China, the US, and India are likely to remain the three largest economies and, with the right policies and institutions, seven of the world’s top ten economies are projected to be Ems”. Over the coming decades, it is projected that EMs and the Indian capital markets would become more significant due to improved economic progress.
“Our projections suggest that EMs will increase their share of the global equity market capitalization from approximately 27% to 35% in 2030, 47% in 2050, and 55% in 2075,” he continued. Given its favorable demographic outlook and strong GDP per capita growth, we anticipate India to experience the biggest increase in the global market cap share, from just under 3% in 2022 to 8% in 2050 and 12% in 2075.
1 Comment
Dreaming is natural and essential for a healthy mind. The difficult part is making the decision to use the right tools for the assessment of the dreaming process. In the real world, all assumptions, approaches, and strategies for economic growth must be tested for their validity before application. I do not believe that the presumptive date has been tested. Is it Sheikh Chili dreaming?