UN projects India GDP at 6.5% in FY22

The GDP growth forecast of India in fiscal 2022 is estimated to grow at 6.5 per cent as per the United Nations World Economic Situation and Prospects (WESP) 2022 report. Earlier this was estimated at 8.4%. The WESP is a flagship report produced by the UN Department of Economic and Social Affairs (UN-DESA). UN has projected the growth rate for fiscal 2023 (FY 2022-2023) at 5.9 per cent.

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On a calendar year basis UN has projected India’s GDP as follows:

• 2021 – 9 per cent
• 2022 – 6.7 per cent
• 2023 – 6.1 per cent

Globally:

• 2021 – 5.5 per cent
• 2022 – 4.0 per cent
• 2023 – 3.5 per cent

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