Indian Economy Likely to Grow by 7.2% in 2018, 7.4% in 2019: UN Report

Indian economy is likely to grow by 7.2 percent in 2018 and go up further to 7.4 percent in 2019 on the back of strong private consumption, public investment and the ongoing structural reforms, according to a UN report.

The ‘World Economic Situation and Prospects 2018’ report unveiled by United Nations Department of Economic and Social Affairs (UN DESA). In India, the report has projected a positive outlook despite the slowdown early this year and the lingering effects of demonetisation. The UN DESA report said the GDP growth is projected to be 6.7 percent in 2017.
News in-a-line:
UN Report titled ‘World Economic Situation and Prospects 2018’ says- GDP growth in India is projected to accelerate from 6.7 percent in 2017 to 7.2 percent in 2018 and 7.4 percent in 2019.

Static/Current Takeaways Important for RBI Assistant Mains 2017 Exam-
  • UN Secretary-General: Antonio Guterres, Headquarters- New York, USA.
Source- News on AIR

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