India to Become Asia’s Fastest-Growing Economy - Morgan Stanley

A young workforce, business investment, and economy-boosting reforms are the main contributors to the projected growth - which will see the country add 28% and 22% to regional and global growth, according to experts.

Service exports and domestic consumption are also expected to fuel the boom - which predictions say will see GDP grow 7% next year. “The economy is set for its best run in over a decade as pent-up demand is being unleashed,” the analysts said.

New Delhi cut corporate tax rates and revived private investment - producing ‘healthy’ balance sheets and boosting business confidence.