India's Economy Surges Ahead, Closing 2023 with 8.4% Growth and Positive Outlook as World's 3rd Largest Economy Looms
• India's GDP grew 8.4% in the final quarter of 2023, exceeding expectations and ending the year with strong momentum • Growth for 2023 as a whole hit 7.7%, making India the fastest-growing major economy • India is expected to become the world's 3rd largest economy by 2027 as growth outlook remains positive • Companies like Apple, Foxconn, and Tesla are expanding operations in India as the government invests billions in infrastructure • Growth may fade slightly due to global headwinds and tighter lending rules but is likely to remain robust overall