Missing the real achievements: Why India needs introspection, not bluster

Neither is India the fastest-growing large economy any longer, nor the prime beneficiary of 'China Plus One', but it is surely a key emerging player with a market larger than others, notes T N Ninan

The growing international chorus about India being the next big thing in the global economy highlights the wrong issues as the country’s achievements, and misses the underlying transformation in India’s economic management. India is no more the fastest-growing large economy. Saudi Arabia is with 8.7 per cent growth in 2022, followed by Vietnam at 8 per cent. In the first quarter of 2023, the Philippines bettered India, at 6.4 per cent. While these are much smaller economies than India’s, Saudi Arabia is a trillion-dollar economy and the other two are larger than regional players like Bangladesh, Pakistan, Iran, Egypt, and