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From the U.S. to China, Major Economies Are Stalling. But Not India.


NEW DELHI — As global economic growth slows sharply, with many major economies gripped with worries of recession, there has been a conspicuous exception: India.The Indian government says the country’s economy remains on track to grow by 7 percent or more this year, more than double the projections for global growth, which has been weighed down by Russia’s invasion of Ukraine, rising energy prices and Covid lockdowns in China.The rapid expansion in India reflects in part the depths to which the economy had fallen during the most devastating shocks of the pandemic, with lockdowns forcing an exodus of laborers from urban centers. It also reflects the insulated nature of India’s economy: It has avoided the worst of the global slump because it i …

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