UN projects India GDP at 6.5% in FY22

UN projects India GDP at 6.5% in FY22

Category : Business and economics Published on: January 15 2022

Share on facebook

The GDP growth forecast of India in fiscal 2022 is estimated to grow at 6.5 per cent as per the United Nations World Economic Situation and Prospects (WESP) 2022 report.
Earlier this was estimated at 8.4%.
The WESP is a flagship report produced by the UN Department of Economic and Social Affairs (UN-DESA).
UN has projected the growth rate for fiscal 2023 (FY 2022-2023) at 5.9 per cent.

Important Takeaways

About GDP

The total monetary or market worth of all finished goods and services produced inside a country's borders in a certain time period is known as GDP.
GDP is usually estimated on a yearly basis, although it can also be calculated quarterly.
GDP can be computed in three different ways: expenditures, output, and incomes. It can be modified for inflation and population to give you a more accurate picture.
GDP is an important tool for policymakers, investors, and enterprises to use when making strategic decisions, despite its shortcomings.

Recent Post's

IIT Jodhpur is developing flexible semiconductor sensors using OECT technology for real-time health monitoring and defense applications.
Read More....
The Ministry of Ayush launched the “Yoga 365” initiative to encourage daily yoga practice through digital platforms and guided sessions.
Read More....
India will host the 2028 World Indoor Athletics Championships for the first time at the Kalinga Stadium in Bhubaneswar, Odisha.
Read More....
Pune will host ‘Gau-Tech 2026’ to showcase innovations in cow-based industries and promote the rural economy and organic farming.
Read More....
The Indian government launched the RELIEF scheme with a ₹497 crore outlay to support exporters facing high logistics and insurance costs.
Read More....
The 2026 Hurun Report highlights a record 150 self-made women billionaires globally, driven largely by the AI and semiconductor sectors.
Read More....
Tamil Nadu has become India’s top textile exporter for 2024-25, contributing nearly 22% to the country’s total textile trade.
Read More....
Wipro has launched an AI-powered fintech hub at GIFT City, Gandhinagar, to provide advanced financial solutions for global BFSI clients.
Read More....
The 110th NPG meeting approved six major infrastructure projects across rail, metro, and road sectors under the PM GatiShakti plan.
Read More....
India and Bhutan signed a landmark MoU to integrate UPI with the UPU system for efficient cross-border postal remittances.
Read More....