Islamabad: Goldman Sachs, a leading global investment banking, securities, and investment management firm, has predicted Pakistan will be the world’s 6th largest economy by 2075, news sources reported on December 8.
According to a paper titled ‘The Path to 2075,’ Pakistan’s real GDP would increase to USD 12.7 trillion, with a GDP per capita of USD 27,100. The other five countries ahead of Pakistan would be China, India, the US, Indonesia, and Nigeria. The report highlighted that the prediction is based on the rapidly increasing population size, which if explored would be a game changer for Pakistan. These figures, however, are expected to be less than one-third the size of China, India, and the United States. In 2075, India’s real GDP is expected to be USD 52.5 trillion, with a per capita GDP of USD 31,300.
However, the analysis also outlined potential dangers that are projected to stymie the remarkable development if not addressed effectively. These dangers include environmental disasters and unsustainable development patterns, which will result in stunted growth.
Nauman Ahmad is an imaginative Pisces whose love for literature and nature is unparalleled. When he's not reading or hiking, he's sleeping and eating, which gives him plenty of energy for his next adventure.
