A stellar Indian economic trajectory will be an important driver for global growth, said S&P Global.
India's stellar economic trajectory alongside strong forecasts for some Southeast Asian countries will be important drivers for global growth, said S&P Global Insights.
"When we look over the next decade, we do expect Asia Pacific to be the fastest growing region of the world economy," said S&P Global's Rajiv Biswas.SINGAPORE — India's stellar economic trajectory alongside strong forecasts for some Southeast Asian countries will be important drivers for global growth, said S&P Global Insights.
Asia-Pacific is a "key driver" for global economic growth not just in the near term, but over the longer run as well, S&P Global's Asia-Pacific chief economist Rajiv Biswas said at the annual energy APPEC conference. "When we look over the next decade, we do expect Asia-Pacific to be the fastest growing region of the world economy," he said, noting key bright spots include India, Indonesia, the Philippines and Vietnam.
"A massive expansion on the way in the Indian economy, and also a very favorable outlook in Southeast Asia — where we expect pretty strong growth to continue in some of the economies, notably Indonesia, Philippines, Vietnam, will be among the world's fastest growing emerging markets over the decade ahead," said Biswas.Rajiv Biswas
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