India claims top spot for 2018 growth, but here is a reason that may hurt it
Economic growth in India: Twenty of 29 economists who answered an extra question said India`s economy will be hurt by the ongoing trade dispute. "India runs the risk of being caught in the middle of the trade spat between the U.S. and China," said Hugo Erken, senior economist at Rabobank. Erken said growth will take a hit if India takes sides as the side not chosen may retaliate by imposing duties.
Economic growth in India: The country will claim the top spot among the world`s fastest-growing major economies this year, but rising trade tensions between the United States and China may restrain that growth. Image source: Reuters