Consider the following statements with reference to Global Economic Prospects Report: 1. Recently, The World Bank report highlights the increasing dominance of Emerging Market and Developing Economies (EMDEs) in the global economy. 2. It suggests that India's economic growth is primarily driven by external factors rather than internal policies. 3. It predicts a consistent decline in India's growth rate in the coming years, impacting its position as a global economic leader. Mark the correct statement from the above using the codes given below:
Only 1
Why in the News?
"World Bank Report 2025: EMDEs, Led by India, Boost Global Economic Influence; India’s Growth Projected at 6.7% Through FY26-FY27”
Statement 1: correct
The World Bank report highlights the rising influence of Emerging Market and Developing Economies (EMDEs), particularly the EM3 nations—China, India, and Brazil. These nations have significantly increased their share in the global economy from 2000 to 2025.
Statement 2: incorrect
The report does not attribute India's economic growth mainly to external factors. Instead, it focuses on India’s internal economic policies and structural reforms, which have significantly contributed to its sustained growth, making it the fastest-growing economy globally.
Statement 3: incorrect
The report does not predict a continuous decline in India’s growth rate. Although the growth rate is projected at 6.7% for FY26-FY27, India remains one of the fastest-growing major economies, maintaining a strong position in the global economic landscape.
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