India could be the fastest-growing Asian economy in 2021 – Nomura ...News

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India could be the fastest-growing Asian economy in 2021 – Nomura
India’s economy is expected to grow by 9.9 percent next year, according to Japanese brokerage Nomura, which has said the country is on the cusp of a cyclical recovery and could well be the fastest-growing Asian economy. According to Nomura’s chief India economist Sonal Varma, near-term risks of a resurgent pandemic are unlikely to derail the country’s growth in 2021. It is therefore projected to eclipse China (2021 GDP growth pegged at nine percent) and Singapore (at 7.5 percent) during that period. The positive outlook by Nomura comes after nearly two years during which it had turned negative on India’s growth. “We project GDP growth 

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