Economic Growth: India Leads, Russia Lags Behind
In 2026, the highest growth among the G20 economies is expected in India - 6.4 percent. Indonesia and China are also among the leaders. Growth of 1.1 percent is forecast for the Russian economy, and 0.5 percent for Italy.
**Economic Growth: India Ahead, Russia Behind**
In the ranking published by Visual Capitalist, the members of the "Group of Twenty" — G20 — are compared based on their real GDP growth forecasts for 2026. The article states that the calculations are based on the updated forecasts from the International Monetary Fund's World Economic Outlook report.
Despite geopolitical tensions and supply chain disruptions, the global economy is expected to grow by 3 percent in 2026. However, major economies differ significantly from one another in terms of growth rates.
Real GDP growth does not take the impact of inflation into account. Therefore, this indicator helps to assess changes in the volume of goods produced and services provided.
The African Union, which joined the G20 in 2023, is not included in the ranking. The article cites the reason for this as the association not being a single economy or a common market.
**Asian Countries are Leading**
The top positions of the ranking are occupied by Asian countries. India's economy is projected to grow by 6.4 percent, Indonesia's by 5 percent, and China's by 4.6 percent.
Growth in India is supported by large public investments and stable consumer spending.
According to the forecast in the article, India could rise from sixth place among the world's largest economies in 2026 to third place by 2031. Banker Jamie Dimon also stated that India's economy could triple in size over the next decade.
Indonesia, taking advantage of its natural resources and high commodity prices, is developing its domestic processing industry and infrastructure.
For China, which has the largest economy among these three countries, the 4.6 percent growth is significantly lower than the rates of previous decades. Weakness in the real estate market and growing demographic pressures are noted as factors limiting economic growth.
**Growth in Europe is Expected to be Slow**
European countries are mostly located at the bottom of the ranking. According to the forecast, the economy of the European Union, which unites 27 countries, will grow by 1.2 percent, while Russia's economy will grow by 1.1 percent.