Friday, February 3, 2023
News

Pak to become sixth largest economy in the world by 2075: Goldman Sachs

   SocialTwist Tell-a-Friend    Print this Page   COMMENT

Islamabad | Thursday, 2022 3:45:10 AM IST
A research paper published by Goldman Sachs projected Pakistan to be the sixth largest economy in the world by 2075 given that "appropriate policies and institutions" are in place, local media reported.

Authored by economists Kevin Daly and Tadas Gedminas and titled The Path to 2075', the paper projected that the five largest economies by 2075 will be China, India, the US, Indonesia and Nigeria, Dawn reported.

Goldman Sachs has been projecting long-term growth of countries for almost two decades now, initially starting out with BRICs economies, but for the past 10 years, it has expanded those projections to cover 70 emerging and developed economies.

Their latest paper covers 104 countries with projections going as far as 2075.

Pakistan's star future status is predicted on the back of its population growth, which along with Egypt and Nigeria, could place it among the largest economies in the world in the next 50 years, according to Goldman Sachs, Dawn reported.

By that time, the research projects Pakistan's real GDP to have grown to $12.7 trillion and its GDP per capita to $27,100.

These numbers, however, are projected to be less than a third of the size of China, India and the US. India's real GDP in 2075 is projected at $52.5 trillion and per capita GDP at $31,300.

Among key risks to their projections, the economists particularly highlighted "environmental catastrophe" and "populist nationalism".

--IANS san/arm

( 250 Words)

2022-12-07-21:54:03 (IANS)

 
  LATEST COMMENTS ()
POST YOUR COMMENT
Comments Not Available
 
POST YOUR COMMENT
 
 
TRENDING TOPICS
 
 
CITY NEWS
MORE CITIES
 
 
 
MORE ASIA NEWS
Pakistan facing balance of payments cris...
Pakistan's forex reserves barely enough ...
US says what China offered to SL for deb...
15th Constitutional amendment has streng...
Pakistan's Kashmir, Gilgit-Baltistan sho...
Pak PM, Army chief reach Peshawar for em...
More...
 
INDIA WORLD ASIA
Teachers' scam: Judge agrees that Partha...
Calcutta HC orders police not to take co...
TN lawyers write to Prez Murmyu against ...
During Cong rule, women waited till dark...
'South group' were given 65% stake in In...
Assam: G20 delegates take river cruise t...
More...    
 
 Top Stories
BBC documentary row: SC issues noti... 
K Viswanath funeral: SS Rajamouli, ... 
Telangana to showcase Next-gen EV T... 
Telangana: Days before inauguration... 
FAAs paper leak case: CBI conducts ... 
Delay in transfer of judges in HC m... 
Ramcharitmanas row: Case lodged aga... 
No immediate impact on rated Adani ...