India projected to become Asia’s fastest-growing economy ...News

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India projected to become Asia’s fastest-growing economy
Morgan Stanley expects the country’s GDP growth to average 7% through 2023 The world’s sixth largest economy, India, is forecast to become the fastest-growing economy in Asia in 2022-2023, contributing 28% and 22% to regional and global growth respectively, according to economists at Morgan Stanley. The Wall Street bank projects the South Asian nation to create buoyant demand boosted by a young workforce and business investments, along with the reforms adopted by the current government. It also expects domestic consumption to pick up and services exports to hold up better than goods exports. Asia’s third-largest e

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