This time, India's rapid economic growth has legs

Factors that previously sapped momentum have finally been addressed

Avatar
20240216 factory capex

A knitting machine at a textile factory in Andhra Pradesh in 2022: Capital investment in India is now above 30% of GDP, higher than that of Taiwan and on par with South Korea. © Reuters

Richard Yetsenga is chief economist and head of research at ANZ Banking Group in Sydney.

The high quality of the Indian economy's recent performance is inarguable. The country was the fastest growing major economy in 2022 and 2023 and is forecast to be so once again in 2024.

Sponsored Content

About Sponsored ContentThis content was commissioned by Nikkei's Global Business Bureau.