INDIA is projected to be the fastest growing economy amongtheG20countrieswith a 7 per cent GDP growth rate for2024,followedbyIndonesia in the second spot with 5 per cent while China is ranked thirdwithaneconomicgrowth rate of 4.8 per cent. “India takes the lead in the G20 withanimpressive7percentGDP growth rate projected for 2024! This achievement highlights India’s robust economy, showcasingitsresilienceand fast-paced growthamidst globalchallenges,” a MyGov post on X said after the rankings were released at the ongoing G20 summit in Brazil. Russia has been ranked fourth on the list with a projected GDP growth rate of 3.6 per cent, followed by summit host, Brazil (3 per cent) in the 5th spot.

 

The African region comes next with 3 per cent while the US is placed at the 7th spot with its projected GDP growth at 2.8 per cent. Among the western powers, Canada is expected to grow at 1.3 per cent, followed by Australia at 1.2 per cent. France, the EU, and the UK have been clubbed in the 1.1 per cent slow growth category while Italy is expected to grow at an even slower pace of 0.7 per cent, followed by Japan at 0.3 per cent. Germany is seen as the worst performer among the advanced countrieswithaprojected growth rate of zero.