January 11, 2018

India to be the world’s fastest-growing major economy for the next three years

GDP growth in India, Asia’s third-largest economy, is set to bounce back to rates exceeding 7% for the next three years, according to the World Bank.

It will be a few notches better than China, and miles ahead of other major economies.

This is a moment of respite for the Narendra Modi government, less than a week after the country’s chief statistician pegged India’s GDP growth for financial year 2018 at the lowest level in the last four years.

What’s working for India
The World Bank’s projections factor in potentially strong growth in private consumption and services, as well as a recovery in private investment.

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