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India's 'massive expansion' set to be a key driver of global economic growth - TL;DR CNBC

India's 'massive expansion' set to be a key driver of global economic growth

Publishing timestamp: 2023-09-07 20:51:22


Summary

The article discusses how India's strong economic growth, along with forecasts for Southeast Asian countries such as Indonesia, Philippines, and Vietnam, will be important drivers for global growth. The Asia-Pacific region is expected to be the fastest growing region of the world economy over the next decade. S&P Global Insights also forecasts that India will surpass Japan to become the third largest economy by 2030. However, the article also mentions that China's recovery has been weaker than expected. Overall, S&P Global projects global growth to be at 2.5% this year and next.


Sentiment: POSITIVE

Tickers: SPGI

Keywords: business newss&p global incvietnamasia economyindiaeconomic events

Source: https://www.cnbc.com/2023/09/08/indias-massive-expansion-to-be-a-driver-of-global-growth-sp-global.html


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