Indian economy can grow at a speed of 6.2 percent in the year 2024: United Nations

Friday, January 5, 2024

The United Nations has said that India's economy may grow by 6.2 percent in the year 2024.

Indian economy will see momentum due to strong domestic demand along with good growth in both manufacturing and service sectors.

The United Nations' World Economic Situation and Prospects Report, 2024 says India's economy could grow at 6.2 per cent in 2024, down from the 2023 estimate of 6.3 per cent.

However, growth in 2024 will be supported by strong domestic demand along with good performance of the manufacturing and service sectors. The UN has estimated India's GDP growth to be 6.6 percent in the year 2025.

News agency PTI has quoted the UN report as saying that the Indian economy will grow faster than many peer economies. Its good performance has continued during the last few years.

India's GDP growth has been above six percent for the last several years and it is expected that this pace will continue in 2024 and 2025.

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