India and China, the world’s two fastest growing economies, leads the list of best places for investment and development, driven by their current GDP growth rates, appropriate investment climate and substantial trade opportunities, a latest report says.
According to global consultancy Grant Thornton’s International Business Report 2008 on rising global Markets, China, India and Russia have emerged as the top three most- favored destinations for investment and development.
These are followed by Mexico at fourth and Brazil at fifth place. The study also revealed the presence of 22 other rapidly growing global economies, including Malaysia, Indonesia, Iran, Pakistan, Thailand and Poland, that offer immense avenues for future growth.
“Availability of low-cost yet highly educated labor force with strong work ethics, combined with fast industrialization, technology deployment and a strong focus on infrastructure development is enabling these countries to close the gap with the more affluent and relatively slower-growing mature economies,” Chatrath said.
According to current projections, China’s Economy would move ahead of the US by 2027, India would catch up with the US by 2050 and the BRICs (Brazil, Russia, India and China) as a group will surpass the G7 by 2032.
Emerging and developing economies’ will on an average grow by 6.3 % in 2008 and 6.4 % in 2009. In contrast, “advanced economies” are forecast to grow by 1.3 % during this period.
2 Comments
India is growing very fast.
And it is among the most favorite place for investors to invest
India is looking forward in real estate industry in turn India real estate is booming in all directions. India real estate is a fastest growing sector in the country. Real estate in India has a lot of investors inside and outside the country. The real estate prices are augmenting fast, in metros like Chennai real estate, Hyderabad real estate and Bangalore real estate are on high.