In the eagerly awaited United Nations’ World Economic Situation and Prospects 2024 report, India emerges as a key player, projecting a GDP growth of 6.2% in the coming year. This slightly trails behind the 6.3% estimate for 2023, a testament to the country’s robust domestic demand and the flourishing manufacturing and services sectors. South Asia, driven by India’s prowess, is anticipated to witness a GDP surge of 5.2% in 2024 after a commendable 5.3% growth in 2023.
Indian Economic Landscape: The nation remains the world’s fastest-growing large economy, credited to strong investment performance propelled by government infrastructure projects and multinational investments in 2023.
Inflation Concerns: Approximately 25% of developing countries are slated to experience annual inflation surpassing 10% in 2024, indicating potential economic vulnerabilities.
Question 1: What is the projected GDP growth rate for India in 2024, as per the UN World Economic Situation and Prospects 2024 report, and how does it compare to the estimate for 2023?
Question 4: Briefly summarize the global economic trends mentioned in the report, especially focusing on inflation projections for 2024, and highlight any concerns expressed regarding inflation in developing countries.
Please provide your answers in the comment section!!
Mukesh Ambani and Gautam Adani have made it to the top 15 world's super-rich list…
The Reserve Bank of India (RBI) has given its nod for the appointment of Pradeep…
Longest River in India 2024 Indian rivers are the veins of its landscapes, coursing through…
Longest Rivers in the World Rivers are natural flowing streams of water that travel across…
Cristiano Ronaldo, despite nearing the twilight of his career, has secured the top spot on…
SEBI has introduced significant amendments to its Listing Obligations and Disclosure Requirements (LODR) regulations, focusing…