New Delhi, Feb. 10 -- Asia continues to be a key driver of the global economy, with India and ASEAN nations set for strong growth in the coming years according to a report by HSBC.
While China and Japan face population declines, India's population is expected to keep growing until 2060, according to the United Nations. This demographic advantage, combined with increasing investment and industrial expansion, positions India as a rising economic powerhouse.
Indian and ASEAN economies are projected to expand at a robust pace. "In 2025, we forecast the Indian economy to grow by 6.7 per cent while ASEAN-6 is expected to deliver average GDP growth of 4.8 per cent - above the global growth of 2.6 per cent" says HSBC Global Private Banking (Dec...
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