India Poised to Outshine China as Asia Emerges as a Global Growth Bright Spot

Economic growth in India is expected to outpace that of China this year and next, according to the Organization for Economic Cooperation and Development.

In its latest global economic outlook report, the OECD predicted India, China and Indonesia would top gross domestic product projections for 2023 and 2024. Overall, the organization expects global growth of 2.7% this year.

That would mark the second-lowest annual rate since the global financial crisis, except for the 2020 Covid pandemic year, it said.

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