Attention Economy


Friday, December 1, 2023

India's Economic Growth Remains Strong

India Remains a Bright Spot in Global Economy
https://www.wsj.com/economy/global/india-remains-a-bright-spot-in-global-economy-79661726
It continued to outperform other major economies during the third quarter, posting 7.6% GDP growth thanks to strength in services and industry. 

S&P Global Rating:
https://www.spglobal.com/_assets/documents/ratings/research/101590079.pdf
We expect Asia-Pacific's growth engine to shift from China to South and Southeast Asia. We project China's GDP growth to slow to 4.6% in 2024 (2023: 5.4%), edge up to 4.8% in 2025, and return to 4.6% in 2026. We see India reaching 7.0% in 2026 (6.4%); Vietnam, 6.8% (4.9%); Philippines, 6.4% (5.4%); and Indonesia remaining steady at 5%.

India 2024 Outlook: Port of calm in a “Higher for Longer” world