India's GDP to fall by 5.7% in 2022, further decline in 2023: UNCTAD

Daily Current Affairs / India's GDP to fall by 5.7% in 2022, further decline in 2023: UNCTAD

Change Language English Hindi

Category : Business and economics Published on: October 05 2022

Share on facebook

As per top UN agency UNCTAD Projection India's economic growth is expected to decline to 5.7 per cent this year from 8.2 per cent in 2021.
India's GDP will further decelerate to 4.7 per cent growth in 2023, according to the forecast by the United Nations Conference on Trade and Development (UNCTAD) Trade and Development Report 2022.
It’s way lower than Moody’s latest forecast of 7.7% for the calendar year 2022.
Various other agencies have projected India’s growth to be in the range of 6.7% to 7.4% in FY23.
The RBI last week cut its FY23 real growth forecast for the country by 20 basis points to 7%.

World Environment Day 2025 to focus on ending plastic pollution; South Korea to host global celebrations.
Read More....
Geneva to host second session of global plastic pollution treaty talks from August 5 to 14, 2025.
Read More....
RCB wins IPL title for the first time, ending Virat Kohli's 18-year-long wait.
Read More....
June observed as Men's Health Month to raise awareness about men's well-being.
Read More....
Karol Nawrocki wins Polish presidential election with 50.9% votes, defeating pro-EU candidate.
Read More....
India to need 1 million AI professionals by 2026; AI education and tech sector on the rise.
Read More....
PSG wins Champions League for the first time with record 5–0 win over Inter Milan.
Read More....
IIT Delhi and AIIMS sign MoU to set up AI research centre in healthcare.
Read More....
India elected to UN Economic and Social Council for 2026–2028 term.
Read More....
Two Rajasthan wetlands added to Ramsar list, taking India’s total to 91 sites.
Read More....

India's GDP to fall by 5.7% in 2022, further decline in 2023: UNCTAD