Economics
Resilient Demand Keeps Driving India’s World-Beating Growth
- Economy seen expanding 9.2% in the fiscal year to March
- Central bank in no hurry to reverse easy monetary policy
This article is for subscribers only.
The economic toll from a deadly second wave of Covid-19 that swept through India last quarter doesn’t appear to be as bad as feared, with analysts still seeing the nation pulling off the world’s fastest growth this year.
A better-than-expected manufacturing performance and a milder hit to services, combined with a robust pace of vaccinations, have helped keep the annual growth outlook for the economy steady at 9.2%, according to a Bloomberg survey. That pace is the same seen in a poll last month and the quickest among major economies.