India is likely to maintain its position as the fastest-growing major economy with the ADB outlook projecting a growth rate of 7.5% for 2022-23 on strong investment prospects against 5% for China in January-December 2022. The Asian Development Bank Outlook 2022 said India’s growth in the next fiscal year 2023-24 will accelerate further to 8%, though China will witness a deceleration in growth to 4.8% in 2023. The ADB, however, flagged inflation as a major issue mainly on account of a rise in prices of commodities in wake of the ongoing Russia-Ukraine war. “Economies in developing Asia are starting to find their footing as they slowly emerge from the worst of the Covid pandemic,” ADB Chief Economist Albert Park said.