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China has long been the engine of global growth, but its real estate crisis and slowing economy has alarmed international investors. India is fast emerging as a potential successor.
China has long been the engine of global growth, but its real estate crisis and slowing economy has alarmed international investors. India is fast emerging as a potential successor.
The International Monetary Fund (IMF) expects India to increase its contribution to global growth over the next five years as the economy continues to grow fairly rapidly. India will likely account for 18 percent of world growth by 2028, up from 16 percent currently, Krishna Srinivasan, director of the Asia and Pacific Department of IMF,