May 17, 2024 7:58 PM

UN boosts India’s 2024 growth forecast citing strong investment, consumption

The United Nations upwardly raised India's economic growth projections for 2024 from 6.2 per cent to 6.9 per cent mainly driven by strong public investment and resilient private consumption, joining IMF that recently upped the country's growth forecast. United Nations, in its mid-year update, titled World Economic Situation and Prospects, reaffirmed that India is set to remain the fastest-growing major economy this fiscal. Separately, the IMF, in its latest outlook, raised India's growth projec...