10 Fastest Growing Nations; India Surpasses US

2. India

India ranks second in the Emerging markets opportunity index. Business optimism in India increased in the fourth quarter of last year. The survey of 3,200 business leaders in 44 countries found that optimism in the Indian economy, all deemed to be at a similar stage of newly advanced economic development, has increased to 39 percent in the last quarter of 2012 compared with 34 percent one year earlier.

Though high inflation and strict regulations on foreign investment and ownership remain major issues still the Indian economy is expected to grow by 7.8 percent per annum on average up to 2017-18.

1. China

Despite the recent economic slowdowns China tops the ranking by an impressive margin. Chinese economy has been open to FDI and the inflows between years 2000 to 2007 were averaged at $60 billion. It has a big consumer market and compared to every pensioner has six people of working age. It is foreseen as the Chinese economy will grow at average around 7.8 percent in 2013.

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