India Overtakes China as Fastest-Growing Large Economy

India Overtakes China as Fastest-Growing Large Economy

Just months after India overtook China as the world’s most populous nation, it also seized the Middle Kingdom’s mantle as the world’s fastest-growing large economy. China’s economy is tipped by the World Bank to expand by just 4.4 per cent next year — its weakest rate since 1990, excluding the Covid pandemic — amid a property crisis, weak export growth and geopolitical headwinds. By contrast, India’s economy shows no sign of a slowdown amid a consumer boom: growth of 6.3 per cent is expected this year….

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TIS Staff

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