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Summary
The Indian economy exhibited a growth of about 6.5%[2] over the last pre-pandemic decade, and is poised to enter a similar, if not higher, medium-term growth path. As a result, India is expected to remain the ‘fastest growing major economy’ in the world over the medium-term.
The key engines of growth such as domestic consumption demand, investment rates and government spending have supported the economy’s successful recovery from the COVID-19 shock. The Indian economy is showing signs of acceleration which will have a positive impact for the regional and global economy as well.