India To Grow At 7.1% In FY’20: UN Report

As per the report by the United Nations, India’s economy is projected to grow at 7.1% in the fiscal year 2020 on the back of strong domestic consumption and investment. Indian economy expanded by 7.2% in 2018.

According to the report, GDP growth is a downward revision from the 7.4% estimated in January 2019. The World Economic Situation and Prospects (WESP) 2019 Mid-year Update noted that growth projections for 2019 have been revised downward in all major developed economies.

Source- News on AIR

Static/Current Takeaways Important For LIC AAO Mains 2019:

  • United Nations Headquarters in New York, USA.
  • It was founded on 24 October 1945. 
  • Mr Antonio Guterres of Portugal is the Secretary-General of the United Nations.

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