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India to remain fastest growing big economy in 2024, World Bank says

NEW YORK -- India, despite a projected slowdown this year, will continue to be the world's fastest-growing large economy, according to the World Bank's latest Global Economic Prospects report.

The world's most populous nation is forecast to expand 6.6% this year, down from 8.2% in 2023, on the back of strong domestic demand and a surge in investment. India's growth is propelling South Asia to be the fastest-growing region, the World Bank said in the report published Tuesday.