Vietnam is expected to come out second only to the Philippines in terms of projected GDP for 2022 and on top for 2023, according to a recent Quarterly Update of the ASEAN +3 Regional Economic Outlook.
Against the backdrop of a global economic deceleration from the fallout of the Russian invasion of Ukraine, the World Bank has cut Indias growth prospects to 7.5 per cent for the current fiscal year but the nation will still retain its position as the world's fastest-growing economy.
The real strength of the Indian economy is its ability to change and adapt on the back of adequate forex reserves, fiscal space and even monetary headroom, principal economic advisor Sanjeev Sanyal told Mint in an interview