April 19, 2024 2:13 PM

India will grow at 6.5%, outpacing global average of 2.6%: UNCTD report

India is expected to sustain its growth momentum at 6.5% in 2024, according to a report released by the United Nations Conference on Trade and Development (UNCTD). The report underscores India's resilience amidst global economic challenges, citing a growth rate of 6.7% in 2023. It attributes this strong growth to several factors, including significant public investment outlays and the dynamic performance of the services sector. The services sector, in particular, thrived due to robust local de...