Emerging Economies Like India to See Growth Despite Global Slowdown, Attracting Billions in Corporate Investment
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The global economy is expected to slow down in 2023-2024 due to high inflation and lower trade growth, but emerging economies like BRICS nations are forecast to see significant growth.
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Large corporations invest heavily in emerging economies like India due to large youth populations, rising incomes and living standards.
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Companies like Unilever, Nestle and PepsiCo are investing billions in factory expansion and new products in fast-growing cities in India.
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Based on population growth and GDP per capita growth rates, the top 15 fastest growing cities economically are mostly in India and Vietnam.
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The top 5 fastest growing cities are Thrissur, Hà Noi, Surat, Thiruvananthapuram and Kochi (Cochin) in India and Vietnam.