By 2050, India can be 40 times bigger than it is now, but it needs to overcome some tough challenges. If it can implement certain changes, it has the potential to be larger than the United States by 2050, says a global research report by Goldman Sachs on 'Ten Things for India to Achieve its 2050 Potential.'
The report, brought out by Jim O'Neill, head global research at Goldman Sachs, and Tushar Poddar, vice president, research, Asia Economic Research Team, Goldman Sachs India, outlines 10 crucial steps that India must take in order to achieve its full potential.
If India can undertake the necessary reforms, it can raise its growth potential by as much as 2.8 per cent per annum, says the report.
Find out what the 10 key areas where reform is needed are. Read on. . .
Image: Indian men form a human pyramid during a dahi-handi contest in Mumbai. | Photograph: Indranil Mukherjee/AFP/Getty Images
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