India and China, the world’s fastest growing economies, leads the list of best places for investment and developments, driven by their current GDP growth rates, appropriate investment climate and substantial trade opportunities. China, India and Russia have emerged as top three most-favoured destinations for investment and development. These are followed by Mexico at fourth and Brazil at fifth place.
Monish Chatrath, Grant Thornton India National Markets Leader said that emerging markets offer great potential for growth in a global economic slowdown scenario. He further added availability of low cost yet highly educated labour force with strong work ethics, combined with fast industrialization, technology development and a strong focus on infrastructure development is enabling these countries to close the gap with the more affluent and relatively slower- growing mature economies. China’s economy would move ahead of the US by 2027, India would catch up by 2050 and BRICs.