Bankrupt Pakistan says it would be top six economy before 2050

Pakistan Prime Minister Shehbaz Sharif has voiced optimism about the country's long-term economic prospects, expressing confidence that Pakistan could become the world's sixth-largest economy before 2050. Speaking at the Pakistan Minerals Investment Forum 2026 in Islamabad on November 13, Sharif cited a Goldman Sachs report that projected Pakistan could secure the sixth position in the global economic rankings by 2075.

Referring to the report's projections, the Prime Minister suggested that Pakistan could achieve the milestone much earlier than anticipated.

"By Goldman Sachs' assessment, by 2075, Pakistan will be the sixth-largest economy in the world. I would like to make a small amendment here. Instead of 2075, it will be, Inshallah, earlier than 2050,” said the Prime Minister.

What does the Goldman Sachs report say about Pakistan's economy?

Goldman Sachs' long-term economic projections cover 104 countries and extend the forecasting period from 2050 to 2075. The study examines how factors such as population growth, productivity, labour-force expansion and economic convergence could influence the global economic landscape over the next several decades.

The 2022 study projected that China, India, the United States, Indonesia and Nigeria would occupy the top five positions among the world's largest economies by 2075. Pakistan was projected to follow them as the sixth-largest economy.

India projected to become world's second-largest economy by 2075

India also features prominently in Goldman Sachs' long-term economic outlook. According to the projections, the country could become the world's second-largest economy by 2075, moving ahead of the United States.

The report identifies India as one of the major emerging economies with considerable growth potential. Its economic prospects are expected to be supported by favourable demographic trends, productivity improvements and the process of economic convergence.

The projections suggest that India and other emerging markets could play an increasingly significant role in shaping the global economic order over the coming decades.