India’s Future: 10 Steps to 2050

Goldman Sachs has recently published a report on India entitled “Ten Things for India to Achieve its 2050 Potential”. Using its Growth Environment Score (GES), Goldman Sachs ranks countries based on thirteen indicators of future growth and prosperity: rule of law, corruption, political stability, life expectancy, inflation, external debt, government balance, investment, schooling, openness, computers, mobiles and internet. In Goldman Sachs’ most recent evaluation, India claims a disappointing last place GES score among the four BRIC countries (Brazil, Russia, India, and China), even scoring below the developing country average on seven out of the thirteen variables.

To ameliorate India’s less-than-optimal performance, Goldman Sachs provides ten concrete recommendations that India should follow to achieve the full measure of its amazing growth potential. These recommendations address India’s persistent problems of governance, education, trade and fiscal policy, environment, and infrastructure. India’s future prosperity will hinge on the country’s ability to enact these recommended policy shifts, among others.