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The UN said on Tuesday that "with many positives", India's economic growth this year is expected to hold at 5.8 per cent, affirming a series of international organisations' projections that the country will be the fastest-growing major economy.
India's economy is expected to grow by 6.7 per cent in the calendar year 2024, supported by resilient domestic demand, according to a UN report which said higher interest rates and weaker external demand will continue to weigh on investment and exports this year for the country.
Inflation in India is expected to decelerate to 5.5 per cent in 2023
However, higher interest rates and weaker external demand will continue to weigh on investment and exports in 2023, it said.
India's economy is expected to grow by 6.7 per cent in the calendar year 2024, supported by resilient domestic demand, according to a UN report which said higher interest rates and weaker external demand will continue to weigh on investment and exports this year for the country.