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

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%.
Recent Post's

  • Jannik Sinner defeated Jiri Lehecka to complete the historic Sunshine Double at Miami Open 2026 without dropping a single set.

    Read More....

  • AIIMS New Delhi alumna Nisha Mehta was sworn in as Nepal’s Health and Population Minister on March 27, 2026.

    Read More....

  • India hosted a major maritime security exercise under IONS in Kochi and assumed chairmanship for 2026-2028 term.

    Read More....

  • Mahavir Jayanti 2026 is being celebrated with great devotion today on March 31, marking the birth anniversary of Lord Mahavir.

    Read More....

  • Jammu & Kashmir’s 19-year-old Sheetal Devi was named Para Archer of the Year 2025 by World Archery.

    Read More....

  • Popular Bengali actor Rahul Arunoday Banerjee died at 43 in a tragic shooting accident near Digha coastal town.

    Read More....

  • Raymond Group former Chairman and Padma Bhushan awardee Vijaypat Singhania passed away at the age of 87.

    Read More....

  • Adani Defense delivered the first batch of 2000 ‘Prahar’ Light Machine Guns to the Indian Army, 11 months ahead of schedule.

    Read More....

  • The Union Government launched the Amrit Bharat Station Scheme for redevelopment of 1338 railway stations across India.

    Read More....

  • Sunil Narine became the most-capped overseas player in IPL history with his 190th match for Kolkata Knight Riders.

    Read More....