Key Points
New Delhi [India], January 5 (ANI): Economic growth in India is projected to reach 6.2 per cent in 2024, slightly lower than the 6.3 per cent estimate for 2023, amid robust domestic demand and strong growth in the manufacturing and services sectors, the United Nations World Economic Situation and Prospects 2024 report said on Friday...
Gross domestic product in South Asia grew by an estimated 5.3 per cent in 2023 and is projected to increase by 5.2 per cent in 2024, driven by a robust expansion in India, which remains the fastest-growing large economy in the world...
Growth in several economies in the region will face downward pressures from tighter financial and fiscal conditions, balance-of-payments challenges, and the return of the El Nino climate phenomenon, the report said.. India, however, registered strong investment performance in 2023, driven by government infrastructure projects and multinational investments...
India is benefiting from growing interest from multinationals, which see the country as a key alternative manufacturing base in the context of developed economies supply chain diversification strategies, the report said.. Global inflation is projected to decline further, from an estimated 5.7 per cent in 2023 to 3.9 per cent in 2024..
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