The World Bank's Global Economic Prospects Report highlights the rising influence of Emerging Market and Developing Economies (EMDEs), led by China, India, and Brazil. EMDEs have significantly increased their global economic share from 2000 to 2025, with India maintaining leadership as the fastest-growing economy. India's growth rate is projected at 6.7% annually for FY26–FY27, driven by robust services and manufacturing sectors. Services expansion and increased exports are enhancing South Asia's trade integration, while manufacturing benefits from improved logistics and tax reforms. Private consumption is rising due to a strong labor market, better credit access, and declining inflation.
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