Growth

January 10, 2025 12:24 PM

India retains title of world’s fastest-growing large economy with growth projected at 6.6%: UN

India would again be the fastest growing large economy in the world with a projected annual growth rate of 6.6 per cent, according to Hamid Rashid, the UN head of Global Economic Monitoring. He was speaking at the release of the UN's flagship report- ‘World Economic Situation and Prospects 2025, (WESP)’ on Thursday, which projected the gross domestic product (GDP) to grow slightly faster at 6.8 per cent next year. WESP said that India's economy would be bolstered by "strong export growth in...

September 16, 2024 5:45 PM

Growth in India set to get more broad-based, says Morgan Stanley, pegged 6.8% for 2024

Growth in India, which already is strong and surging, may become more broad-based across both on the consumer and business spending side, indicated Morgan Stanley. The global investment bank, in its latest report '2024 Global Economic Midyear Outlook', attributed India's firm growth to three megatrends -global offshoring, digitalization and energy transition. Morgan Stanley forecasts 6.8 per cent growth in 2024 (against RBI's 7 per cent), and 6.5 per cent the next, and thinks inflation will sta...

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...