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'India, Indonesia to drive Asia's growth'
Business Standard
|June 06, 2023
India, along with Southeast Asian countries such as Indonesia, is expected to sustain growth in the medium term in Asia region, replacing China as the key growth driver, Morgan Stanley and Nomura said in two separate reports released on Monday.
While Morgan Stanley projected a 6.2 per cent gross domestic product (GDP) growth forecast for India in FY24, Nomura estimated the Indian economy to grow at 5.9 per cent in 2023.
"Even with a slowing China, we expect GDP growth in Asia to sustainably outperform other emerging markets and the US. India and Southeast Asia are set to be the fastest-growing economies this decade. Asia's flying geese model is once again in action," Nomura said in a global markets research report.
Cette histoire est tirée de l'édition June 06, 2023 de Business Standard.
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