Jaipur Investment:The United Nations raised India’s economic growth in 2024 to 6.9%

The United Nations raised India's economic growth in 2024 to 6.9%

Reference News Network reported on May 21Jaipur Investment. According to the "Indian Times" website reported on May 18, the United Nations has raised India’s growth rate of GDP in 2024 from 6.2%to 6.9%. The reason is that public investment is stable and private consumption.

The United Nations Report on the World Economic Situation and Prospect also said that although weak external demand will continue to affect the growth of commodity exports, exports of drugs and chemicals are expected to grow strongly.

In 2025, India’s economy is expected to increase by 6.6%.

The report predicts that India’s GDP will increase by 4.8%in 2024 and will increase by 4.5%in the next year; India will become the most growing major economy.Mumbai Wealth Management

Following the fourth quarter of the fiscal year of India’s economy in 2023 to 2024, many institutions have raised the economic growth rate of India this fiscal year, and the United Nations has recently joined.The International Monetary Fund raised the growth rate of GDP in India to 6.8%, and called it a highlight in the background of the global economy.Jaipur Stock

Indian Reserve Bank estimates that in fiscal 2024 to 2025, GDP will increase by 7%; the Indian government predicts between 7%and 7.5%.Mumbai Stock Exchange

The United Nations reports that several large -scale developed economies (Indonesia, India and Mexico) are benefiting from strong domestic and foreign needs.The report also said that in the context of strong growth and improvement of labor participation, Indian labor market indicators have also improved.(Compilation/Zheng Guoyi)Udabur Wealth Management

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