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As per the UN report issued on Wednesday, the rising economic systems of India, China and Brazil are heading the worldwide financial recovery.

"The rebound has been led by the large emerging economies in Asia and Latin America, particularly China, India and Brazil," the report stated.

The mid-year issue of the World Economic Situation and Prospects (WESP) stated that flaws in major grown financial systems carry on dragging the worldwide resurgence and pose threats for global economic stableness in the coming time.

The report also said that lots of growing nations have been capable of making use of the policy buffers they had produced in the years before the disaster to take on aggressive stimulus packages.

The report said that while developing nations continue to drive the worldwide recovery, their output growth is also expected to moderate to 6.0 per cent on average during 2011-2012, down from 7.1 per cent in 2010.

It added that that China and India's gross domestic product expansion is also projected to experience some relief in 2011 and 2012. The report also said that the exports volume of many rising economic systems, comprising Brazil, China, India and other growing economies in Asia, have already retrieved to, or beyond, pre-crisis peaks.

The report said that exports of developed financial systems have not yet attained complete recovery and still 8% lower than the pre-crisis peaks witnessed during the third quarter of 2010.

As per report, the international trade is likely to develop by around 6.5% in 2011 and 2012, moderating from the 10.5% rebound during the last year.

The majority of the demand increase will continue to originate from rising economies, especially China and India.

The report said that in India, the RBI is concerned with inflation, which has remained persistently high in spite of significant monetary constraining during the last year.