New Delhi, Nov. 11 -- India's economy is projected to grow much faster than China's over the next three years, with the gap between their growth rates expected to widen to 3 percentage points by 2028, according to Moody's Ratings.

In its Global Macro Outlook 2027-28 report, the ratings agency projected India's GDP growth at 7 per cent in 2028, compared with 4 per cent for China, highlighting the contrasting economic outlooks for the two Asian economies.

According to the report, India's economy is expected to grow at 7 per cent annually in FY2027. China's growth, meanwhile, is projected to slow from 4.5 per cent in 2026 to 4.2 per cent in 2027 and further to 4 per cent in 2028.

"China's economy has been on a decelerating growth path for...