India in the foreseeable future can not only significantly develop financially, but generally become the second largest economy in the world. More and more analysts come to this opinion, including one of the largest investment banks in the world – Goldman Sachs. According to a recent report, due to an extraordinary demographic surge (not so long ago, India overtook China in population), the country will have to increase production capacity, expand the service sector and develop infrastructure. Advances in technology and innovation will be another determinant of economic growth. Investments will also affect the development of the country. Experts called the critically small role of women in the economy the main negative factor – almost 80% of the female population does not work at all. India is currently the fifth largest economy in the world behind Germany, Japan, China and the US.
