Indian Economy expected to grow by 5.8% in 2023 & 6.7% in 2024: UN

Indian Economy expected to grow by 5.8% in 2023 & 6.7% in 2024: UN

Daily Current Affairs / Indian Economy expected to grow by 5.8% in 2023 & 6.7% in 2024: UN

Change Language English Hindi

Category : Business and economics Published on: May 19 2023

Share on facebook

The World Economic Situation and Prospects report released by the United Nations said that India is expected to grow by 5.8 percent in 2023 and 6.7 percent in 2024.
With this, India is expected to remain the fastest-growing major economy in the world. The growth will be supported by resilient domestic demand.
The report said that economic growth in India is expected to remain strong while the prospects for other South Asian nations are more challenging.
Since India's inflation is about 5.5 percent, India will have significant room for both fiscal expansion and monetary accommodation to support the domestic demand.
The report said the world economy is projected to grow by 2.3 percent in 2023 and 2.5 percent in 2024.

Recent Post's

India halts auction of Lord Buddha’s sacred Piprahwa Relics in Hong Kong, sends legal notice to Sotheby’s.
Read More....
UNSC raises concern over Pakistan's missile tests and LeT links in Pahalgam attack.
Read More....
Russia declares May 8–10 ceasefire for WWII Victory Day; Ukraine rejects it as political stunt.
Read More....
C-DOT and CSIR-NPL sign MoU to boost joint research in classical and quantum communication.
Read More....
Cabinet approves revised SHAKTI policy to grant coal linkages to thermal power plants.
Read More....
INS Kiltan joins IMDEX Asia 2025 in Singapore to strengthen India–Singapore maritime ties.
Read More....
Cabinet approves National Scheme for ITI upgradation and five National Skilling Centres.
Read More....
Indian forces conduct 24 precision strikes on Pakistan-based terror infrastructure.
Read More....
Rohit Sharma announces retirement from Test cricket, continues with ODIs.
Read More....
Moody’s lowers India’s 2025 GDP growth forecast to 6.3% citing global headwinds.
Read More....