10 Fastest Growing Nations; India Surpasses US

Bangalore: American president Harry S Truman in his Point Four Program speech named these countries “Third World” or “Developing Countries” as they were the most poverty ridden and wretched economies in 1949.

They might be still big, have vast populations and far behind to attain complete economic freedom but they have empowered in infrastructure and education. And they are rising at a pace that makes them the envy of the recession-staggered west. Here are 10 countries with emerging economies which can lead 2013 global growth according to International Business Report. Keep an eye to check out where India stands.

10. United Kingdom

UK’s trade-weighted average tariff rate is a low 1.6 percent compared to other members of European Union and being out of the single currency, the UK economy has slow growth speed. It is expected that the UK economy will grow just 1.1 percent in 2013. The swift growth opportunities are complicated by the constant European sovereign debt crisis and the country still requires structural reforms.

9. Canada

With a growth out look of 2.0 percent in 2013 Canada ranks ninth according to the report. A low 0.9 percent average tariff and few non-tariff barriers the trade administration is very cutthroat. But again the country’s directness and suppleness stoutly sustain the resourceful and dynamic investment environment.

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