India is on track to overtake the US as the world’s second-largest economy by 2075, according to Goldman Sachs Research. India’s GDP is expected to grow from $2.8tn in 2020 to $52.5tn in 2075, surpassing Japan and Germany on the way.

India’s economic growth has been remarkable in recent years, with its GDP growth rate consistently higher than the global average. The country has seen rapid urbanization, technological advancement, and a growing middle class, all of which have helped fuel its economic growth.

India’s manufacturing sector has also been a major driver of its economic growth. The country has become a major hub for global manufacturing, with companies from around the world setting up factories in India. This has helped create jobs and boost the country’s GDP.

India’s service sector has also been a major contributor to its economic growth. The country has seen a boom in the IT and IT-enabled services sector, with many companies setting up offices in India. This has helped create jobs and boost the country’s GDP.

The Indian government has also taken steps to boost the country’s economy. It has implemented a number of reforms, such as the Goods and Services Tax, which has helped simplify the country’s tax system and make it easier for businesses to operate. The government has also implemented a number of initiatives to encourage foreign investment, such as the Make in India campaign.

India’s population is also a major factor in its economic growth. The country has a large and growing population, which is expected to reach 1.5 billion by 2075. This large population will help drive economic growth, as more people will be able to participate in the economy and contribute to GDP growth.

The country’s demographics are also a major factor in its economic growth. India has a young population, with a median age of 27. This young population is expected to be more productive and help drive economic growth.

India’s economy is also expected to benefit from its large and growing middle class. The country has a large and growing middle class, which is expected to reach 500 million by 2075. This large and growing middle class will help drive economic growth, as more people will be able to participate in the economy and contribute to GDP growth.

Overall, India is on track to overtake the US to become the world’s second-largest economy by 2075. The country has seen rapid economic growth in recent years, driven by its manufacturing sector, service sector, and population growth. The country’s government has also taken steps to boost the economy, such as the Goods and Services Tax and the Make in India campaign. India’s large and growing middle class is also expected to help drive economic growth. All of these factors make it likely that India will overtake the US to become the world’s second-largest economy by 2075.