India Poised To Lead Emerging Markets: S&P Global

New Delhi: Among the key emerging markets (EMs), India is poised to be the fastest-growing major economy over the next three years and the third largest globally by 2030, a global report showed on Thursday. Emerging markets will play a crucial role in shaping the global economy over the next decade, averaging 4.06 per cent GDP growth through 2035, compared with 1.59 per cent for advanced economies, according to a report by S&P Global.

By 2035, emerging markets will contribute about 65 per cent of global economic growth. This growth will be driven mainly by emerging economies in Asia-Pacific, including China, India, Vietnam and the Philippines.

“Also by 2035, India will be cemented as the world’s third-largest economy, with Indonesia and Brazil ranking eighth and ninth, respectively,” the report mentioned.