The Asian part of the world is showing a remarkable pace of growth. The monetary and fiscal policy stimulus in these countries, especially India, is leading the position of high growth rates. While world is coming out of the crisis phase, Asian countries are maintaining to performing as the fastest growing region according to the latest research. Analyzing the historical view of these countries, most of them had hard times regarding their economical, social and political conditions but the picture is changing gradually.
Among the leading star Asian countries, India owns the highest rank. The average real gross domestic product (GDP) in the region is predicted to grow by 7.4% in 2018 and 7.5% in 2019. As compared to India, china has shown a low growth rate of 6.7 and 6.4 percent in 2018 and 2019 respectively. Other Asian economies including Cambodia, Lao PDR, Myanmar, Vietnam and Philippines expected to grow at an average growth of 5.3% in 2018 and 2019.
Pointing out one of the leading countries, India is expected to be the fastest growing economy in Asia, according to the World Bank, showing a solid growth due to the boosting investment and productivity. Other counties like Cambodia, Philippines and Myanmar are also among the top countries showing a spectacular growth rate of 6.9 and 6.7 respectively in 2018.
The emerging Asian economies are expected to rise in upcoming years keeping in view the potential benefits of stable policy making and other technical transformations along with fair and efficient usage of resources and dealing with the challenges in best way possible.