India’s GDP to be 2nd largest by `50: Goldman

India can sustain an 8% growth rate till 2020 and will overtake UK as the world’s fifth-largest economy by the middle of next decade at this pace, according to a Goldman Sachs report.

“Our baseline projections for India’s potential output growth show that the economy can sustain growth rates of about 8% till 2020, significantly higher than the 5.7% that we projected in our original BRICs paper,” Goldman Sachs said in a new economic paper released today.

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