Forbes Asia Editors’ Pick — India Wealth Creation: India Races Ahead in 2022

India has passed the U.K. to become the fifth-biggest economy behind the U.S., China, Japan and Germany. Bolstered by pent-up consumer demand, GDP growth is expected to hit 7% in the year ending March 2023, giving the country bragging rights as the fastest-growing major economy in the world. 

It’s a big deal. Sustainable growth historically has eluded India’s stop-go economy. According to Morgan Stanley, the country is now heading toward its best run in over a decade. Credit growth in the industrial sector—a key metric for sustainable development—is picking up post-pandemic. Indian stocks rallied in the first quarter to lift their weighting in the MSCI Emerging Markets Index to the No. 2 spot.

Read Michael’s full article on Forbes Asia here.