GDP: India best among Asian economies despite uncertainty
New Delhi| Due to the tariff war launched by America, there are huge fluctuations in the economies around the world. Despite this, India is in the best position among Asian economies. The main reason for this is rapid improvement on various fronts. Morgan Stanley said in a report on Tuesday that due to trade tensions, the economic growth of Asian countries remains at risk. However, even in this background the Indian economy is growing strongly.
The report said India is in a better position in terms of low dependence on goods imports, strong services exports and policy support for domestic demand. Fiscal and monetary policies will help in accelerating the recovery. Monetary easing is now fully implemented on three fronts, including interest rate cuts, liquidity and regulatory compliance relief.
