April 17, 2024 4:32 PM

India’s economy projected to grow at 6.5% in 2024, Says UNCTAD report

In a recent report by the United Nations Conference on Trade and Development (UNCTAD), India's economy is forecasted to grow at a rate of 6.5 percent in 2024. This projection follows a growth of 6.7 percent in 2023, indicating a continued upward trend. The report highlights India's position as the fastest-growing major economy globally. According to the UNCTAD report, multinational companies are expanding their manufacturing operations in India to enhance their supply chain diversification. Thi...