The World's Top 6 Growing Economies: A Glimpse into the Future
The World’s Top 6 Growing Economies: A Glimpse into the Future The economy is the backbone of any nation, determining its capacity to provide basic and luxurious amenities to its citizens, ultimately shaping their lifestyle. With 195 countries in the world, the International Monetary Fund (IMF) has identified the top growing economies, predicting the biggest economies by 2029. Here, we focus on the top 5 projected biggest economies and highlight India’s significant position. India: The Unstoppable Growth According to the IMF’s projections, India will rank third among the world’s biggest economies in 2029 , with a GDP of $6.44 trillion, following the USA and China. As a developing nation with a low-middle-income economy, India’s journey to economic prominence has been marked by significant phases and systemic changes. India employs a mixed economy system, balancing private sector profits with social welfare. Post-independence, India initially followed the Soviet model, priori...