India to overtake China as world’s fastest-growing major economy in 2021


Source: dieselgasoil.com dieselgasoil.com

Key Topics in this News Article:

News Snapshot:

Share on Pinterest Share India will regain its status as the fastest-growing global economy as early as this year at the expense of neighboring China, which has topped the rankings for two years in row, according to data and analytics firm GlobalData. The London-based consultancy firm expects the Indian economy to recover sharply this year from its current technical recession, expanding 9.7 percent, quicker than other major economies across the globe. China is expected to see growth of 8.6 percent. India’s growth will reportedly be bolstered by the substantial foreign direct investment that it has seen in recent months, as...