India’s status as world’s fastest growing major economy to be short-lived, say economists

BENGALURU: India likely recorded strong double-digit economic growth in the last quarter but economists polled by Reuters expected the pace to more than halve this quarter and slow further toward the end of the year as interest rates rise.
Asia’s third-largest economy is grappling with persistently high unemployment and inflation, which has been running above the top of the Reserve Bank of India’s tolerance band all year and is set to do so for the rest of 2022.