Development for India by Multinational Corporations, India will continue to be the fastest growing large economy and may register a growth of 6.20 percent this year, according to the United Nations Project Report.
What is the forecast released by the UN?
The UN Department of Economic and Social Affairs has released a report titled ‘World Economic Status and Prospects 2024,
It states:
India’s economic growth is likely to be 6.20 percent this year. Rising domestic demand and strong growth in manufacturing and manufacturing sectors will support the country’s economic growth.
As for China, the country’s real estate sector is constantly facing various problems.
At the same time, India recorded a strong investment performance – driven by government infrastructure projects and multinational investments.
In the third quarter of last year, the manufacturing sector output index was seen to decline in all major economies except India.
In the supply chain, multinational companies look to India as a key alternative manufacturing base.
NSO, prediction
The National Statistics Office (NSO) has estimated the economic growth of the country to be 7.30 percent in the current financial year.
It further stated that:
The country’s GDP is expected to be Rs 171.79 lakh crore in the current financial year. It was 160.06 lakh crore rupees in the last financial year. The country’s economic growth, which was 7.20 percent in the last financial year, is expected to be 7.30 percent in the current financial year.
great article