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And the outlook for short-term growth is also good as according to the IMF, the Indian economy is the bright spot in the global landscape. India also topped the World Bank âs growth outlook for 2015-16 for the first time with the economy having grown 7.3% in 2014-15 and expected to grow 7.5-8.3% in 2015-16.ndia is also the fourth largest start-up hub in the world with over 3,100 technology start-ups in 2014-15 The agricultural sector is the largest employer in India's economy but contributes to a declining share of its GDP (17% in 2013-14).
China has also overtaken India as the fastest-growing large economy. The IMFâs World Economic Outlook estimated Chinaâs economy grew at 6.7% in 2016, compared with Indiaâs 6.6%. Brazilâs economy has contracted in the last year by 3.5%, the only one in the top 10 to do so. The chart above shows the worldâs 40 biggest economies individually, but grouped by colour into continents. The Asian bloc clearly has a larger share than anywhere else, representing just over a third (33.84%) of global GDP.