Sachs Predicts India to Become World's Largest Economy by 2100

Global economic output shifts toward India and Africa

Meanwhile, the combined share of global output for the United States, Canada, and Europe will decline to 13.7% by 2100.

Population patterns are shifting toward the same regions, with 75% of the global population residing in Asia and Africa by the end of the century.

Multipolar world structure replaces single-region dominance

The international system is shifting toward a multipolar structure where no single country or region will dominate. Sachs stated, "No one region, no one country will dominate".

China's population will experience a significant decline over the coming decades. By the end of the century, India's population could reach twice the size of China's.

Sustained growth and infrastructure drive India's potential

India's potential to become the world's largest economy depends on sustained economic growth, improved productivity, and expanded technological capabilities. Infrastructure development also plays a significant role in this economic transformation.

Adani Group recognized for infrastructure and social contribution

Jeffrey D. Sachs. Sachs called the Adani Group a major driver of progress in India, pointing to its expansion of infrastructure and economic growth.

Sachs said businesses carrying a family name have an obligation to consider their heritage and social contribution. He contrasted these family-led firms with corporations driven primarily by shareholder returns.

Symposium explores ancient wisdom for contemporary problems

Dr. Priti Adani. Priti Adani, Chairperson of the Adani Foundation, delivered a keynote address at the World Symposium on “Ancient Wisdom for Modern Challenges” in Varanasi on Monday.

She called for using civilisational knowledge to address inequality, suffering, and conflict.

The Adani Foundation, established in 1996, operates across 7,000 villages in 22 states and has impacted 13 million lives. The Adani Group committed $10 million to the Bharat Knowledge Graph, a project supporting 14 doctoral scholars to make civilisational knowledge accessible for interdisciplinary research.

Shri Vivek Aggarwal, Secretary of the Ministry of Culture, said artificial intelligence can assist in deciphering ancient scriptures and making this knowledge more accessible to future generations.

Cooperation between India and China urged for global stability

Jeffrey D. Sachs. Sachs emphasized that nations must gain a deeper understanding of different civilizations, historical experiences, and cultural identities to improve international cooperation. Sachs encouraged cooperation between India and China, suggesting that working together could strengthen regional development and global stability.

Dr. Nirupam Bajpai.

Academic and policy background of Jeffrey Sachs

He was the Director of the Earth Institute at the university from 2002 to 2016.

Sachs authored the book "The Ages of Globalization: Geography, Technology, and Institutions," which was published in 2020. He also hosts the Book Club with Jeffrey Sachs, which features monthly live conversations.