Goldman Sachs predicts India's economy third largest by 2050.

For the economy the Indian summer has just begun. And it is not just crystal ball gazing. Hard facts from economists and research firms suggest that there is nothing to stop the Indian firms from cantering ahead. Economics experts and various studies conducted across the globe envisage India to rule the world in the 21st century.

According to another report by Asian Development Outlook 2005, South Asia's growth is projected at 6.2-6.9 per cent, substantially higher than historical averages, largely reflecting continued robust growth in the Indian economy, which accounts for about 80 per cent of the sub-regional average.
Goldman Sachs predicts that India's economy would be the third largest by 2050.

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