India's economy recovery on 'solid path', says United Nations' report
Zee News
United Nations said that India is forecast to grow at 6.5 per cent in fiscal year 2022, a decline from the 8.4 per cent GDP estimate in previous financial year.
New Delhi: India is forecast to grow at 6.5 per cent in fiscal year 2022, a decline from the 8.4 per cent GDP estimate in previous financial year, and while the country's economic recovery is on a "solid path" amid rapid vaccination progress, coal shortages and high oil prices could put the brakes on economic activity in the near term, the UN said on Thursday.
The flagship United Nations World Economic Situation and Prospects (WESP) 2022 report, launched here, said that India's GDP is forecast to grow at 6.5 per cent in fiscal year 2022, a contraction from the estimated growth of 8.4 per cent in fiscal year 2021.
Growth is projected to further slow down to 5.9 per cent in the financial year 2023, the report said.
