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India set to top Asia-Pacific growth charts in 2025, says Moody's
Business
Moody's just called it: India is expected to lead economic growth among emerging markets in the Asia-Pacific region excluding Greater China next year, with GDP predicted to jump 7% in 2025 and 6.4% in 2026.
This strong momentum is mostly thanks to solid demand at home, even as global markets stay a bit shaky.
Other details:
Australia's economy is also picking up steam, with steady growth of about 2.3% expected through 2027.
Meanwhile, countries like the Philippines, Vietnam, Indonesia, Malaysia, and Thailand are helping drive regional growth at over 5%—way ahead of advanced economies' pace.
Despite challenges like a weaker rupee affecting some sectors in India, most major companies there are holding strong with smart risk management.