Goldman Sachs recently projected that India is poised to become the world’s second-largest economy by 2075. That may seem like a long way off but analysts say the country could achieve that even faster if it manages to address some of the hurdles that are holding it back from achieving its full growth potential.
While Goldman Sachs forecasts that China will overtake the US at around 2035 to become the biggest economy, India is set to surpass the US by 2075, as emerging economies expand faster than developed ones.
“Considering India's current growth rate and several challenges the US is grappling with – including an ageing population and a lack of home-grown skilled labour – I believe India has a realistic chance of overtaking the US sooner if its positive trends persist and the challenges in the US continue to intensify,” says Anirudh A Damani, the managing partner of Artha Venture Fund, a venture capital fund.
“India is in a unique position with one of the youngest large populations in the world. India could very well become the world's biggest producer and consumer of goods and services.”
India is currently the fifth-largest economy globally. It is expanding at a fast pace, however, and although the World Bank has trimmed the country’s growth forecast for the current financial year, it still projects India will be the fastest growing major economy globally, at 6.3 per cent.
Looking further ahead, with a population of more than 1.4 billion people, 66 per cent of whom are under the age of 35, Santanu Sengupta, Goldman Sachs research’s India economist, says that this demographic dividend will be a major driver of the country's growth over the coming decades in an economy that is largely driven by domestic consumption. Other factors which he says will help to accelerate growth include capital investment and digitalisation of the economy.
But he argues that India has some work to do to harness that potential.
“Favourable demographics will add to potential growth over the forecast horizon,” says Mr Sengupta.
“India’s large population is clearly an opportunity, however the challenge is productively using the labour force, by increasing the labour force participation rate. That will mean creating the opportunities for this labour force to get absorbed and simultaneously training and upskilling the labour force.”
He says that India will have one of the lowest “dependency ratios” globally for the next two decades – which refers to the older, non-working population that depends on the younger working population.
“So that really is the window for India to get it right in terms of setting up manufacturing capacity, continuing to grow services, continuing the growth of infrastructure,” says Mr Sengupta.
Brajesh Singh, the president of management consultancy Arthur D Little, India, says that the country’s “growth trajectory has captured the attention of economists worldwide, and there is growing optimism [it] could eventually become the world's second-largest economy”.
“One of India's greatest strengths is its large domestic market,” he says. “With a burgeoning middle class and increasing consumer spending power, India offers a massive customer base for both domestic and international businesses.”
Prashant Gupta, the chief executive of Sharda Group believes India’s large population provides the country with a high number of consumers and that consumption will drive growth.
India’s rising population “will provide a large pool of potential workers, consumers, and entrepreneurs”, says Mr Gupta.
Urbanisation will also be a significant driving factor of economic expansion, Mr Gupta says.
Official data shows that only one-third of the country live in urban areas, but by 2050, 60 per cent of the population is expected to reside in urban India.
“This urbanisation will lead to increased demand for goods and services, which will boost economic growth,” says Mr Gupta.
Sectors that will underpin India's economic expansion include consumer goods, manufacturing, and IT, he says. Other industries including financial services and logistics are also set to play an increasingly important role in the economy, he adds.
A continued focus on boosting manufacturing in the country and ploughing much-needed investment into India's infrastructure – including roads and airports - will also be vital for India's economic expansion, experts say.
“Consistent investment in manufacturing and infrastructure has been catalytic in boosting India's output and trade, enhancing its global economic standing,” says Mr Damani.
“The country's focus on building a robust manufacturing sector and improving infrastructure underscores its commitment to sustainable economic growth. This will inevitably contribute to India's rise as a major global economic player.”
Still, despite its economic potential the country needs to address several challenges that could hold back its economic growth potential.
These include the country's deep economic inequality, the need for better infrastructure, widespread corruption, as well as the skills gap in India, says Mr Gupta.
“The main downside risk would be if the labour force participation rate does not increase,” says Goldman Sachs' Mr Sengputa.
“The labour force participation rate in India has declined over the last 15 years. If you have more opportunities - especially for women, because the women’s labour force participation rate is significantly lower than men’s - you can shore up your labour force participation rate, which can further increase your potential growth.”
Akash Shukla, the founder of Uprise India, an organisation promoting self-employment of women, says that, in particular, the participation of women in rural areas can play an important role, and is an area in which progress is being made.
But, he says, “we must acknowledge that there is still work to be done in integrating a significant portion of our rural economy into the broader Indian economic landscape”.
“By ensuring financial inclusion for these segments, we can expedite our journey towards becoming the largest economy, achieving our goals much earlier than originally projected, perhaps even before 2075,” says Mr Shukla.
As a developing economy, there is still much to be done.
“Efforts to modernise agriculture and rural development contribute to inclusive growth,” says Abhijit Chokshi, the founder of Stockifi, a Mumbai-based financial advisory firm, but he adds “poverty and infrastructure gaps remain a hurdle.”
As Goldman Sachs also highlights, India will also have to meet its growing energy needs, he says.
“The country's commitment to renewable energy transition promotes sustainability and creates green jobs.”
At the same time, global trends will also inevitably be an enormous influence on India’s economic growth trajectory, along with many variables domestically, analysts say.
Anshu Kapoor, the president and head of Nuvama Asset Management, says that the large demographic dividend will be a key factor in driving the country’s economic growth, there are other favourable elements.
The most significant of these include government initiatives to digitalise the economy through its Unified Payments Interface (UPI), an instant payment system.
The country’s vibrant start-up ecosystem and government investment in infrastructure and manufacturing through various production-related schemes that spur commerce and promote self-sufficiency are other positive factors.
“By focusing on education, skill development, and job creation, India can harness this demographic dividend to drive economic growth,” says Mr Singh.
With such “efforts, policy reforms, and sustained investment, India can move closer to becoming the world's second-largest economy, contributing to global growth and development”.
Director: Laxman Utekar
Cast: Vicky Kaushal, Akshaye Khanna, Diana Penty, Vineet Kumar Singh, Rashmika Mandanna
Rating: 1/5
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In-demand jobs and monthly salaries
- Technology expert in robotics and automation: Dh20,000 to Dh40,000
- Energy engineer: Dh25,000 to Dh30,000
- Production engineer: Dh30,000 to Dh40,000
- Data-driven supply chain management professional: Dh30,000 to Dh50,000
- HR leader: Dh40,000 to Dh60,000
- Engineering leader: Dh30,000 to Dh55,000
- Project manager: Dh55,000 to Dh65,000
- Senior reservoir engineer: Dh40,000 to Dh55,000
- Senior drilling engineer: Dh38,000 to Dh46,000
- Senior process engineer: Dh28,000 to Dh38,000
- Senior maintenance engineer: Dh22,000 to Dh34,000
- Field engineer: Dh6,500 to Dh7,500
- Field supervisor: Dh9,000 to Dh12,000
- Field operator: Dh5,000 to Dh7,000
Voices: How A Great Singer Can Change Your Life
Nick Coleman
Jonathan Cape
Libya's Gold
UN Panel of Experts found regime secretly sold a fifth of the country's gold reserves.
The panel’s 2017 report followed a trail to West Africa where large sums of cash and gold were hidden by Abdullah Al Senussi, Qaddafi’s former intelligence chief, in 2011.
Cases filled with cash that was said to amount to $560m in 100 dollar notes, that was kept by a group of Libyans in Ouagadougou, Burkina Faso.
A second stash was said to have been held in Accra, Ghana, inside boxes at the local offices of an international human rights organisation based in France.
Classification of skills
A worker is categorised as skilled by the MOHRE based on nine levels given in the International Standard Classification of Occupations (ISCO) issued by the International Labour Organisation.
A skilled worker would be someone at a professional level (levels 1 – 5) which includes managers, professionals, technicians and associate professionals, clerical support workers, and service and sales workers.
The worker must also have an attested educational certificate higher than secondary or an equivalent certification, and earn a monthly salary of at least Dh4,000.
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Explainer: Tanween Design Programme
Non-profit arts studio Tashkeel launched this annual initiative with the intention of supporting budding designers in the UAE. This year, three talents were chosen from hundreds of applicants to be a part of the sixth creative development programme. These are architect Abdulla Al Mulla, interior designer Lana El Samman and graphic designer Yara Habib.
The trio have been guided by experts from the industry over the course of nine months, as they developed their own products that merge their unique styles with traditional elements of Emirati design. This includes laboratory sessions, experimental and collaborative practice, investigation of new business models and evaluation.
It is led by British contemporary design project specialist Helen Voce and mentor Kevin Badni, and offers participants access to experts from across the world, including the likes of UK designer Gareth Neal and multidisciplinary designer and entrepreneur, Sheikh Salem Al Qassimi.
The final pieces are being revealed in a worldwide limited-edition release on the first day of Downtown Designs at Dubai Design Week 2019. Tashkeel will be at stand E31 at the exhibition.
Lisa Ball-Lechgar, deputy director of Tashkeel, said: “The diversity and calibre of the applicants this year … is reflective of the dynamic change that the UAE art and design industry is witnessing, with young creators resolute in making their bold design ideas a reality.”
RESULTS
5pm: Watha Stallions Cup Handicap (PA) Dh 70,000 (Dirt) 2,000m
Winner: Dalil De Carrere, Bernardo Pinheiro (jockey), Mohamed Daggash (trainer)
5.30pm: Maiden (TB) Dh 70,000 (D) 2,000m
Winner: Miracle Maker, Xavier Ziani, Salem bin Ghadayer
6pm: Maiden (PA) Dh 70,000 (D) 1,600m
Winner: Pharitz Al Denari, Bernardo Pinheiro, Mahmood Hussain
6.30pm: Maiden (PA) Dh 70,000 (D) 1,600m
Winner: Oss, Jesus Rosales, Abdallah Al Hammadi
7pm: Handicap (PA) Dh 70,000 (D) 1,400m
Winner: ES Nahawand, Fernando Jara, Mohamed Daggash
7.30pm: Maiden (PA) Dh 70,000 (D) 1,000m
Winner: AF Almajhaz, Abdul Aziz Al Balushi, Khalifa Al Neyadi
8pm: Maiden (PA) Dh 70,000 (D) 1,000m
Winner: AF Lewaa, Bernardo Pinheiro, Qaiss Aboud.
Desert Warrior
Starring: Anthony Mackie, Aiysha Hart, Ben Kingsley
Director: Rupert Wyatt
Rating: 3/5
Honeymoonish
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World Cup warm up matches
May 24 Pakistan v Afghanistan, Bristol; Sri Lanka v South Africa, Cardiff
May 25 England v Australia, Southampton; India v New Zealand, The Oval
May 26 South Africa v West Indies, Bristol; Pakistan v Bangladesh, Cardiff
May 27 Australia v Sri Lanka, Southampton; England v Afghanistan, The Oval
May 28 West Indies v New Zealand, Bristol; Bangladesh v India, Cardiff
Trump v Khan
2016: Feud begins after Khan criticised Trump’s proposed Muslim travel ban to US
2017: Trump criticises Khan’s ‘no reason to be alarmed’ response to London Bridge terror attacks
2019: Trump calls Khan a “stone cold loser” before first state visit
2019: Trump tweets about “Khan’s Londonistan”, calling him “a national disgrace”
2022: Khan’s office attributes rise in Islamophobic abuse against the major to hostility stoked during Trump’s presidency
July 2025 During a golfing trip to Scotland, Trump calls Khan “a nasty person”
Sept 2025 Trump blames Khan for London’s “stabbings and the dirt and the filth”.
Dec 2025 Trump suggests migrants got Khan elected, calls him a “horrible, vicious, disgusting mayor”
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HEADLINE HERE
- I would recommend writing out the text in the body
- And then copy into this box
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- That's about it
Company profile
Company name: Dharma
Date started: 2018
Founders: Charaf El Mansouri, Nisma Benani, Leah Howe
Based: Abu Dhabi
Sector: TravelTech
Funding stage: Pre-series A
Investors: Convivialite Ventures, BY Partners, Shorooq Partners, L& Ventures, Flat6Labs
The Sky Is Pink
Director: Shonali Bose
Cast: Priyanka Chopra Jonas, Farhan Akhtar, Zaira Wasim, Rohit Saraf
Three stars
If you go
Flight connections to Ulaanbaatar are available through a variety of hubs, including Seoul and Beijing, with airlines including Mongolian Airlines and Korean Air. While some nationalities, such as Americans, don’t need a tourist visa for Mongolia, others, including UAE citizens, can obtain a visa on arrival, while others including UK citizens, need to obtain a visa in advance. Contact the Mongolian Embassy in the UAE for more information.
Nomadic Road offers expedition-style trips to Mongolia in January and August, and other destinations during most other months. Its nine-day August 2020 Mongolia trip will cost from $5,250 per person based on two sharing, including airport transfers, two nights’ hotel accommodation in Ulaanbaatar, vehicle rental, fuel, third party vehicle liability insurance, the services of a guide and support team, accommodation, food and entrance fees; nomadicroad.com
A fully guided three-day, two-night itinerary at Three Camel Lodge costs from $2,420 per person based on two sharing, including airport transfers, accommodation, meals and excursions including the Yol Valley and Flaming Cliffs. A return internal flight from Ulaanbaatar to Dalanzadgad costs $300 per person and the flight takes 90 minutes each way; threecamellodge.com
Plan to boost public schools
A major shake-up of government-run schools was rolled out across the country in 2017. Known as the Emirati School Model, it placed more emphasis on maths and science while also adding practical skills to the curriculum.
It was accompanied by the promise of a Dh5 billion investment, over six years, to pay for state-of-the-art infrastructure improvements.
Aspects of the school model will be extended to international private schools, the education minister has previously suggested.
Recent developments have also included the introduction of moral education - which public and private schools both must teach - along with reform of the exams system and tougher teacher licensing requirements.
At Eternity’s Gate
Director: Julian Schnabel
Starring: Willem Dafoe, Oscar Isaacs, Mads Mikkelsen
Three stars
The Specs
Engine 3.8-litre, twin-turbo V8
Transmission: eight-speed automatic
Power: 582bhp (542bhp in GTS model)
Torque: 730Nm
Price: Dh649,000 (Dh549,000 for GTS)
LA LIGA FIXTURES
Thursday (All UAE kick-off times)
Sevilla v Real Betis (midnight)
Friday
Granada v Real Betis (9.30pm)
Valencia v Levante (midnight)
Saturday
Espanyol v Alaves (4pm)
Celta Vigo v Villarreal (7pm)
Leganes v Real Valladolid (9.30pm)
Mallorca v Barcelona (midnight)
Sunday
Atletic Bilbao v Atletico Madrid (4pm)
Real Madrid v Eibar (9.30pm)
Real Sociedad v Osasuna (midnight)
Groom and Two Brides
Director: Elie Semaan
Starring: Abdullah Boushehri, Laila Abdallah, Lulwa Almulla
Rating: 3/5
The candidates
Dr Ayham Ammora, scientist and business executive
Ali Azeem, business leader
Tony Booth, professor of education
Lord Browne, former BP chief executive
Dr Mohamed El-Erian, economist
Professor Wyn Evans, astrophysicist
Dr Mark Mann, scientist
Gina MIller, anti-Brexit campaigner
Lord Smith, former Cabinet minister
Sandi Toksvig, broadcaster
UK’s AI plan
- AI ambassadors such as MIT economist Simon Johnson, Monzo cofounder Tom Blomfield and Google DeepMind’s Raia Hadsell
- £10bn AI growth zone in South Wales to create 5,000 jobs
- £100m of government support for startups building AI hardware products
- £250m to train new AI models
House-hunting
Top 10 locations for inquiries from US house hunters, according to Rightmove
- Edinburgh, Scotland
- Westminster, London
- Camden, London
- Glasgow, Scotland
- Islington, London
- Kensington and Chelsea, London
- Highlands, Scotland
- Argyll and Bute, Scotland
- Fife, Scotland
- Tower Hamlets, London
Results
1. Mathieu van der Poel (NED) Alpecin-Fenix - 3:45:47
2. David Dekker (NED) Jumbo-Visma - same time
3. Michael Morkov (DEN) Deceuninck-QuickStep
4. Emils Liepins (LAT) Trek-Segafredo
5. Elia Viviani (ITA) Cofidis
6. Tadej Pogacar (SLO UAE Team Emirates
7. Anthony Roux (FRA) Groupama-FDJ
8. Chris Harper (AUS) Jumbo-Visma - 0:00:03
9. Joao Almeida (POR) Deceuninck-QuickStep
10. Fausto Masnada (ITA) Deceuninck-QuickStep
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Pros%20and%20cons%20of%20BNPL
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Who has been sanctioned?
Daniella Weiss and Nachala
Described as 'the grandmother of the settler movement', she has encouraged the expansion of settlements for decades. The 79 year old leads radical settler movement Nachala, whose aim is for Israel to annex Gaza and the occupied West Bank, where it helps settlers built outposts.
Harel Libi & Libi Construction and Infrastructure
Libi has been involved in threatening and perpetuating acts of aggression and violence against Palestinians. His firm has provided logistical and financial support for the establishment of illegal outposts.
Zohar Sabah
Runs a settler outpost named Zohar’s Farm and has previously faced charges of violence against Palestinians. He was indicted by Israel’s State Attorney’s Office in September for allegedly participating in a violent attack against Palestinians and activists in the West Bank village of Muarrajat.
Coco’s Farm and Neria’s Farm
These are illegal outposts in the West Bank, which are at the vanguard of the settler movement. According to the UK, they are associated with people who have been involved in enabling, inciting, promoting or providing support for activities that amount to “serious abuse”.
