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According to Oxford Economics, India ranks first in the next ten years to rank among the biggest stars of growth in emerging markets.
The figures compiled by the research firm indicate that Asian economies will be the most successful emerging markets by 2028, with only one South American country and no African country in the top 10.
According to Oxford Economics, it is necessary for emerging markets to experience rapid capital accumulation through domestic financing to succeed, alongside high GDP and robust growth in total factor productivity (TFP).
A large export sector is considered a key factor in avoiding the middle-income trap – in which countries remain stuck at the same size for long periods – the main way to achieve this is to 39, invest in innovation.
According to Oxford Economics, the deepening of capital stems from investments the bulk of which must be financed by national savings.
Here are the 10 fastest growing emerging market economies:
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