By 2035, emerging markets will contribute about 65% of global economic growth. This growth will be driven mainly by emerging economies in Asia-Pacific, including China, India, Vietnam and the Philippines. "By 2035, India will be cemented as the world's third-largest economy, with Indonesia and Brazil ranking eighth and ninth, respectively," S&P said. The country is projected to achieve an average annual growth rate of 5.9% between 2024 and 2035, second only to Vietnam.
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