Is India’s Economy Overhyped?
While China is grappling with an economic slowdown, India’s economy is thriving, with a booming stock market and 7-8% annual growth. But despite India’s significant advantages over other major economies, there are compelling reasons to believe that its growth prospects are being overstated.
NEW YORK – Perhaps no phrase better captures the changing views of financial markets and the news media regarding the world’s two largest developing economies than the title of a 2023 S&P report: “China slows, India grows.”