As China sinks, India accelerates. The IMF raised its growth forecast to 6.3% GDP, and this good health is expected to continue. At least until the next real challenge for New Delhi.
Why is this important?
A few years ago, this would have been an unreasonable anticipated scenario. The Middle Kingdom seems unstoppable in its race to become the world’s leading economic power. And then the virus spread, and China’s economy seemed to have lost its sacred fire. In contrast to India, which is increasingly positioning itself as its arch rival and has better relations with the United States.In the news: Although recession threatens many countries around the world, India is an exception. The IMF has raised its 2023 growth forecast for other Asian giants. According to the World Economic Outlook updated in October, New Delhi is expected to experience growth of 6.3%, up from 6.1% previously.
“India will continue to be a bright spot in the global economy. This country is favored by India
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