The United Nations has lowered India's GDP forecast for 2022 to 6.4 percent

by B2B Desk 2022-05-19 05:48:36

The United Nations on Wednesday said India is forecast to grow 6.4 percent in 2022, significantly below the 8.8 percent growth in 2021, as greater inflationary pressures and uneven recovery of the labour market are likely to restrict private consumption and investment.

india gdp

It stated the global economy will increase 3.1 percent in 2022, down from 4 percent in January, due to a broad-based deterioration of growth prospects, including the United States, the European Union, China, and the majority of emerging countries.

Global inflation is expected to grow to 6.7 percent in 2022, twice the average of 2.9 percent between 2010 and 2020, according to the United Nations' Department of Economic and Social Affairs' World Economic Situation and Prospects report as of mid-2022.

Also Read: Elon Musk tweets his outrage after Tesla was removed from the S&P 500 ESG Index

The United Nations has lowered India's GDP forecast for 2022 to 6.4 percent

It stated the global economy will increase 3.1 percent in 2022, down from 4 percent in January, due to a broad-based deterioration of growth prospects, includin

POPULAR POSTS

Kenya Cancels Proposed Airport, Power Transmission Deals with Adani Group After US Indictments

by B2B Desk, 2024-11-22 07:11:55

Adani Group to Invest USD 2 Billion in International Convention Centre, Challenges Jio World Centre

by B2B Desk, 2024-11-20 09:19:53

Suditi Industries Acquires Iconic Kidswear Brand Gini & Jony

by B2B Desk, 2024-11-20 09:31:33

Vedanta Ltd to Invest $500 Million in Tokyo-Based Display Glass Arm AvanStrate Inc

by B2B Desk, 2024-11-14 08:23:15

EPF, EPS Contribution Limit May Be Hiked to Rs 21,000 Soon: How It Can Impact You

by B2B Desk, 2024-11-12 06:51:51

Jaishankar and Manturov to Steer India-Russia Talks: Focus on Export Imbalance and $100 Billion Trade Target by 2030

by B2B Desk, 2024-11-11 11:45:28

Will India Gain More Than It Loses Under Trump 2.0? Here's What Strategic Affairs Experts Say

by B2B Desk, 2024-11-07 07:11:07

Follow on Insta

RECENTLY PUBLISHED

UPI 123 Pay: Key Changes to Come into Effect Before January 1

HealthKart Secures $153 Million Investment from ChrysCapital and Motilal Oswal Alternates

India Joins Hands with Elon Musk’s SpaceX to Launch Its Most Advanced Satellite Next Week

Former Orios Partners Launch BlueGreen Ventures with USD 75 Million Fund to Invest in Early, Late-Stage Startups

Who Needs to File GST Annual Return by December 31, 2024?

NPTC Green Energy IPO Likely to Open on November 18; Check Details