India’s GDP Growth Continues To Outperform The Rest Of The World
IMF sources have confirmed that India has continued to Outperform The Rest Of The World by gaining the highest GDP growth of 8.2%.
India’s GDP increased by 4.1 percent in the first 3 months of 2022 as a result of Omicron constraints slowing economic output in the 4th quarter of the Indian fiscal year, somewhat correcting annual growth in 2021–2022 to 8.7 percent.
However, when taking the big picture into account, India’s GDP growth continues to outpace that of the rest of the world, and by 2030, it is predicted that India will surpass Japan as Asia’s second-largest economy.
The IMF projects that India’s GDP grows by 8.2% in 2022, making it the top fastest-growing economic country in the world.
In response to Russia’s aggressive invasion of Ukraine, the International Monetary Fund (IMF) lowered its predictions for global growth in 2022 and 2023, stating that the economic impact will “propagate far and wide.”
Nevertheless, certain nations will be affected more than others, while other nations won’t be affected at all.
The updated IMF real GDP predictions for a few chosen Asia, Europe, and Americas countries through 2022 are provided below.
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Top 21 Highest GDP Growth Countries As Per IMF
Here is the list of the 21 countries with their highest GDP Growth in 2022, as per the sources of IMF (International Monetary Fund).
Rank | Country | GDP Growth 2022 |
1 | India | 8.2% |
2 | Saudi Arabia | 7.6% |
3 | Spain | 4.8% |
4 | China | 4.4% |
5 | Australia | 4.2% |
6 | UAE | 4.2% |
7 | Singapore | 4.0% |
8 | Canada | 3.9% |
9 | United States | 3.7% |
10 | United Kingdom | 3.7% |
11 | Nigeria | 3.4% |
12 | France | 2.9% |
13 | South Korea | 2.5% |
14 | Japan | 2.4% |
15 | Italy | 2.3% |
16 | Germany | 2.1% |
17 | Mexico | 2.0% |
18 | South Africa | 1.9% |
19 | Brazil | 0.8% |
20 | Russia | -8.5% |
21 | Ukraine | -35.0% |