India's Economy Takes Flight, Following China's Lead

India's economy is projected to be the world's fastest-growing major economy in 2023 and 2024, with a forecasted increase of over 6% in both years. The country's economic and demographic similarities to China in the late 1990s and early 2000s suggest the potential for two more decades of rapid sustained growth. However, India faces challenges such as severe air pollution and the need to bridge the gap in energy consumption compared to China and advanced economies. Despite these challenges, India's urbanization, industrialization, and rising middle class are expected to drive significant demand for energy services, making it a key player in global energy consumption and emissions.