Progress report: India vs Asia over the past decade, in 5 charts
SummaryIn the last 10 years, India has progressed well across many measures. However, relative to some of its Asian peers and competitors, India has been lagging.
As the global economy shows signs of recovery, the attention has turned to India, which grew by 7.2% in 2022-23, beating estimates. Morgan Stanley India chief Ridham Desai recently called India “a growth outlier", while releasing a report that argued that the country had undergone a transformation in the last 10 years. By many key metrics, India has grown in the past decade. However, it’s also key to compare growth across countries to see how India has performed relative to other large economies and its competitors in Asia.