India Overtakes China as Fastest Growing Economy in the World

Unlike most of its emerging market peers that are heavily relying on commodity-related exports, India economy is fundamentally driven by emerging middle class consumers

Karen Kwok 17 May, 2016 | 4:22PM
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India has overtaken China as the fastest growing global economy – and according to Paul Sheard, chief economist at S&P Global India could grow up to 8% annually for the next 30 years.

Speaking at the sixth annual Financial Leaders’ Forum in Saudi Arabia last week, Sheard was reported to back India’s long term growth potential, thanks in the most part to its favourable demographics.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
JOHCM Global Emerging Mkts Opps GBP B1.45 GBP0.56Rating
JPM Emerging Markets A Net Acc3.10 GBP-0.10Rating
Stewart Inv Global Emerg Mkts A GBP Acc7.61 GBP-0.12Rating

About Author

Karen Kwok

Karen Kwok  is a Reporter for Morningstar.co.uk