'India will become a $10 trillion GDP in the next 10 years'; Goldman Sachs expressed this possibility

As the world progresses in geopolitics, India will emerge as a significant player, presenting immense opportunities for growth. With its supportive economic policies and other strategic initiatives, India is poised to become a $10 trillion economy within the next decade.

Gundman Sachs' India co-president Gunjan Samdani said on Monday that the country will reach close to $10 trillion. The Global Capability Centers (GCCs) will be able to add $0.5 trillion gross value to the Indian economy. Along with this, they will also employ 2-2.5 crore people.

Gunjan said at the CII GCC Summit, emerging markets will contribute 65 percent of global growth between now and 2035. India is a bright spot and we will reach close to $ 10 trillion in the next decade with the world's fastest-growing economy.

The co-chairman of Goldman Sachs said, India has a significant opportunity to increase its share in the global economy at a time when markets around the world are grappling with many complex challenges, including re-establishing trade balance, supply chain problems and ongoing tensions in many countries.

The Goldman Sachs executive said, AI represents the most attractive transformational opportunity in the global economic landscape. The GCC region, which has developed as innovation centers promoting AI, automation and digital transformation, will benefit from global trends. Global technology spending will exceed $ 4.92 trillion by 2025.

Gunjan said, India is strategically positioned to take advantage of multiple global trends simultaneously. Demographic dividend, leading STEM graduates and talented AI skills supported by Artificial Intelligence (AI) mission will work in India's favour and it will benefit from them.