In a recent report titled ‘China Slows India Grows,’ S&P Global Ratings anticipates a significant shift in the economic landscape of the Asia-Pacific region. The report projects India’s GDP growth to outpace China’s, highlighting a forecasted 7% growth for India by 2026, in contrast to China’s estimated 4.6%.
S&P predicts India’s GDP to expand at 6.4% in the current fiscal year and the next, with a notable surge to 6.9% in 2025 and a robust 7% in 2026. This optimistic outlook positions India as a key driver of growth in the region.
S&P envisions a transition in the Asia-Pacific’s growth engine, shifting from China to South and Southeast Asia. Vietnam is expected to achieve a growth rate of 6.8%, the Philippines at 6.4%, and Indonesia maintaining a steady 5%.
