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India is predicted to become the world's second-largest economy by 2075, surpassing the US, due to factors such as a large labour force and working-age population ratio. With a population of 1.4 billion, India's GDP is estimated to reach $52.5 trillion, according to Goldman Sachs. The country's progress in innovation and technology, as well as increasing worker productivity, are seen as significant drivers of economic growth. However, the main downside risk identified is if the labour force participation rate, especially for women, does not increase.
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