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UN Report: India Remains Fastest-Growing Major Economy

  • 16 May 2025

On 15th May 2025, the United Nations released its World Economic Situation and Prospects (WESP) mid-year report, projecting India’s economy to grow by 6.3% in the current fiscal year despite global uncertainty.

Key Points:

  • Strong Growth Forecast: India’s GDP is expected to rise by 6.3% in 2025 and 6.4% in 2026, maintaining its position as the fastest-growing large economy.
  • Growth Drivers: The report attributes the expansion to robust private consumption and increased public investment.
  • Global Comparison: In contrast, global economic growth is projected to slow to 2.4% in 2025 due to trade tensions and policy uncertainties.
  • Inflation Trends: India’s inflation is forecast to decline from 4.9% in 2024 to 4.3% in 2025, staying within the Reserve Bank of India’s target range.
  • Employment Outlook: Positive trends in employment were also highlighted as contributing to economic stability.