Report: India Retains Position as World’s Fastest-Growing Major Economy: UN WESP Report 2025
Key Highlights:
- India’s GDP Growth Projection:
- FY 2024–25: 6.3%
- FY 2025–26: 6.4%
- Growth Drivers:
- Strong private consumption
- Robust public investment
- Inflation Outlook:
- Forecast to ease from 4.9% in 2024 to 4.3% in 2025
- Remains within RBI’s target range of 2–6%
- Employment Trends:
- Report notes positive employment growth trends in India
- Global Context:
- Global GDP growth projected at only 2.4% in 2025, indicating a fragile international economic environment
Significance:
- India continues to outperform other major economies despite global headwinds.
- Reinforces India’s position as a key engine of global economic growth, with a relatively stable macroeconomic outlook.
- Helps attract global investment and boosts economic confidence in domestic markets.
About the Report:
- The WESP report is a flagship publication of the United Nations Department of Economic and Social Affairs (UN DESA), assessing global economic trends and forecasts.
