India is likely to be the fastest-growing Asian economy in the Asian region in 2022-23, according to analysts at Morgan Stanley, who expect the expect India’s gross domestic product (GDP) growth to average 7 per cent during this period – the strongest among the largest economies – and contributing 28 per cent and 22 per cent to Asian and global growth, respectively. The Indian economy, they said, is set for its best run in over a decade, as pent-up demand is being unleashed.
Here is further detail. How many other countries can expect to average even five percent growth over the next decade? Bangladesh? A few of the smaller nations in West Africa? Who else? Possibly Indonesia? It is hard not to be (relatively) optimistic about India, economically speaking at least.