New Delhi, May 8 -- Global economic growth is expected to decelerate in the coming months, with major economies like the US and China likely to see sharp slowdowns. However, India is expected to remain relatively resilient amid this global trend, according to a report by Kotak Alternate Asset Managers.
The report noted that the US economy is projected to slow down by 90 basis points, while China's growth could reduce by 60 basis points. However, India ti said is expected to maintain its position as the fastest-growing major economy.
One of the key indicators of India's economic strength is its robust manufacturing activity. The report mentioned that the country's Purchasing Managers' Index (PMI) numbers continue to show strong momentum,...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.