International

India to be first World’s fastest growing economy in 5 years

India

Washington:  India will be the world’s fastest growing economy during the next five years, a top US intelligence think-tank has said.

“Pakistan, unable to match India’s economic prowess, will seek other methods to maintain even a semblance of balance,” said the report ‘Global Trends’ of the National Intelligence Council (NIC).

In the report it stated that, “India will be the world’s fastest growing economy during the next five years as China’s economy cools and growth elsewhere sputters, but internal tensions over inequality and religion will complicate its expansion”.

The report also said that Pakistan will seek to maintain a diverse set of foreign partners, from which it can draw economic and security assistance, and to develop a credible nuclear deterrent by expanding its nuclear arsenal and delivery means, including “battlefield” nuclear weapons and sea-based options.

NIC said India’s growing economic power and profile in the region will further complicate calculations, as New Delhi navigates relations with Beijing, Moscow, and Washington to protect its own expanding interests.

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