India forecast of the day

India is likely to be the fastest-growing  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.


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