Key Points
It said emerging economies have high ambitions for the next decade and beyond with India aiming to become a $30 trillion economy by 2047, from the current $3.6 trillion...
In its report titled Look forward Emerging Markets: A decisive decade, S&P said emerging markets will play a crucial role in shaping the global economy over the next decade, averaging 4.06 percent GDP growth through 2035, compared to 1.59 percent for advanced economies...
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 worlds third-largest economy, with Indonesia and Brazil ranking eighth and ninth, respectively, S&P said...
This presents mounting challenges in basic service coverage and growing investment needs to maintain productivity, S&P said.. Stating that India is positioned to grow its economy in the next decade, the US-based agency said as the next decade approaches, the economic trajectory of emerging markets will likely be heavily influenced by their governments design and execution of long-term growth strategies...
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