BRICS: U.S. Has 65% Chances of Slipping Into a Recession, India Has 0%
Bloomberg published a report this year indicating the probabilities of a recession in major economies country-wise. The report highlighted that the U.S. and other Western allies have higher chances of slipping into a recession than the developing economies. The U.S. has a 65% chance of falling into a recession and BRICS member India has a 0% chance of a recession. India’s GDP is growing at a rapid pace and touched $3.75 trillion in 2023. Also Read: BRICS: 130 Countries Move Towards CBDC Currency, US Dollar in Jeopardy Goldman Sachs recently predicted that India will overtake the U.S. as the second-largest economy in 2075. Read here to know more details about the prediction for a better and more in-depth understanding. JUST IN: 🇮🇳 India to overtake US as world's second-largest economy by 2075, Goldman Sachs says. — Watcher.Guru (@WatcherGuru) July 10, 2023 Therefore, India can do without the BRICS alliance as its economy remains much str...