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India's manufacturing and services are both growing, Noah Smith notes

India's manufacturing and services are both growing, Noah Smith notes
India’s poverty reduction and 6.5% growth

India has achieved the second largest reduction in poverty in world history, ranking just behind China, according to columnist and economist Noah Smith.

Smith also reported that India’s economy is currently growing at around 6.5%, a rate comparable to China’s in 2014, with manufacturing expanding alongside the services sector. He argued that more people should pay attention to these developments.

Noah Smith’s recent commentary extends his focus on global economic developments. Earlier, he analyzed how AI is generating higher profits for the sector, while noting increased debt in data center construction. Smith has also discussed the Nobel Prize in Economics recognizing achievements in New Keynesian macroeconomics.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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