New Delhi: The Indian economy is projected to grow 6.2% in 2024, slightly lower than the 6.3% estimate for 2023, amid strong domestic demand and robust growth. Production and the services sector, according to a United Nations report. It is also projected that global growth will slow from an estimated 2.7% in 2023 to 2.4% in 2024.
According to the United Nations, “GDP in South Asia is projected to grow by 5.3% in 2023 and by 5.2% in 2024, driven by strong expansion in India, which remains the fastest-growing large economy in the world.” World Economic Situation and Prospects Report for 2024.
Several multilateral agencies, brokerages, economists have raised India’s economic growth forecast for the current fiscal year, citing strong domestic demand. IMF has raised India’s GDP growth The estimate for the current fiscal year is 6.3% from the previous 6.1%.
Global GDP growth is projected to slow from an estimated 2.7% in 2023 to 2.4% in 2024 against a backdrop of lingering risks and uncertainties.
According to the United Nations, “GDP in South Asia is projected to grow by 5.3% in 2023 and by 5.2% in 2024, driven by strong expansion in India, which remains the fastest-growing large economy in the world.” World Economic Situation and Prospects Report for 2024.
Several multilateral agencies, brokerages, economists have raised India’s economic growth forecast for the current fiscal year, citing strong domestic demand. IMF has raised India’s GDP growth The estimate for the current fiscal year is 6.3% from the previous 6.1%.
Global GDP growth is projected to slow from an estimated 2.7% in 2023 to 2.4% in 2024 against a backdrop of lingering risks and uncertainties.
