India expected to be world’s fastest growing economy in 2023India is set to be the world's fastest growing major economy in the coming year, as a post-pandemic retail boom and recent bank balance sheet recovery attract new investment, according to the World Economic Forum.
The world's fifth-largest economy is expected to grow 6% in the fiscal year ending March 31, 2024, according to a survey by India's central bank.
India's economic outlook contrasts with bleaker 2023 projections in the United States, Europe and most noticeably China, where the recent spike in COVID-19 infections is expected to slow activity next year.
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