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India set for big rebound but COVID danger lurks, says ADB

China and India to buoy emerging Asia's pandemic recovery to 7.3% growth in 2021

MANILA -- India is set for a big economic rebound this year, the Asian Development Bank said in a new report, but warned that the current COVID surge could dampen the outlook for the country and for the wider region.

India and China -- Asia's two largest emerging economies -- are poised to lead the region's economic revival in 2021, thanks partly to vaccinations and improving global economic activity. The region also stands to benefit from the $1.9 trillion stimulus from the U.S.

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