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India to remain world’s fastest growing economy in 2024, driven by public spending, services sector
India is expected to maintain its place as the world’s fastest growing major economy this year, according to economists. Various factors are helping to drive this growth, including a boost in government spending and a vibrant services sector. Its robust performance last year alone accounted for more than three-quarters of South Asia’s growth, the fastest among emerging market and developing economy regions, according to the World Bank. However, inflation remains a concern for business owners in the world’s most populous country. While business owners are glad that India’s economy is back in full swing, they ... (full story)