India's economy lost its sheen this year. But the Philippines and Indonesia grew quicker than India last quarter and Malaysia was just a hair behind. Despite early and aggressive action to lower rates, all the benefits of looser monetary policy aren’t flowing through to the real economy. While growth is lower in the aftermath, it’s also more sustainable.India will always be more important to the world economy than the Philippines or Malaysia. As soon as next year, India's monetary and fiscal stimulus will begin to kick in.

Source: Economic Times December 29, 2019 18:00 UTC