United Nations revises forecasts says India's economy to grow by 6.9% in 2024
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The United Nations has revised its forecasts for India's economy, stating that it is expected to grow by 6.9% in 2024 and 6.6% in 2025. The growth will be driven by robust public investment and resilient private consumption. Consumer price inflation in India is projected to decrease from 5.6% in 2023 to 4.5% in 2024. India's labour market indicators have shown improvement, and the government aims to gradually reduce the fiscal deficit while increasing capital investment. A UN expert has described India's economic growth as 'very robust' and noted that the country is attracting more foreign investment as Western companies shift their focus away from China.
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https://timesofindia.indiatimes.com/india/united-nations-revises-forecasts-says-indias-economy-to-grow-by-6-9-in-2024/articleshow/110193067.cms